ABG Stock Recent News

The headline numbers for Asbury Automotive (ABG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.12 per share, missing the Zacks Consensus Estimate of $7.74 per share. This compares to earnings of $9.12 per share a year ago.

Evaluate the expected performance of Asbury Automotive (ABG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

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Asbury's (ABG) third-quarter earnings miss estimates on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments.

Asbury Automotive Group, Inc. (NYSE:ABG ) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants George Villasana - SVP, Chief Legal Officer & Secretary David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies Operator Greetings, and welcome to Asbury Automotive Group Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. This compares to earnings of $9.23 per share a year ago.

Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results.