ABG Stock Recent News

Asbury Automotive Group, Inc. (NYSE:ABG ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance & IR David Hult - President & CEO Dan Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - J.P. Morgan Ryan Sigdahl - Craig-Hallum Capital Group Operator Greetings, and welcome to the Asbury Automotive Group Second Quarter 2024 Earnings Conference Call.

Although the revenue and EPS for Asbury Automotive (ABG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“we,” “our” or the “Company”), one of the largest automotive retail and service companies in the U.S., learned on Wednesday, June 19, 2024, that one of its vendors (CDK Global) experienced a cyber-attack impacting certain services provided to the Company and many other automotive retailers, including the Company's sales, service, inventory, customer relationship management, and accounting functions. Upon discovery of the i.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million.

Asbury Automotive Group's stock performance has been disappointing, up only 10% and flat since my recommendation. ABG's Q1 earnings showed a 17% increase in revenue, aided by M&A, and strong earnings are likely this year. While new car sales have contracted and margins have declined, the maintenance and financing units continue to generate steady cash flow and contribute disproportionately to gross profit.

U.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion.

Asbury's (ABG) first-quarter earnings miss estimates due to lower-than-expected gross profit from new vehicle, parts and service, and finance and insurance businesses.

Asbury Automotive Group, Inc. (NYSE:ABG ) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance and Treasurer David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies David Whiston - Morningstar Inc. Operator Greetings and welcome to the Asbury Automotive Group First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.