For the quarter ended September 2023, Asbury Automotive Group (ABG - Free Report) reported revenue of $3.67 billion, down 5.2% over the same period last year. EPS came in at $8.12, compared to $9.23 in the year-ago quarter.
The reported revenue represents a surprise of -1.51% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $8.44, the EPS surprise was -3.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit sales - New vehicle: 36,846 versus 38,501 estimated by two analysts on average.
- Unit sales - Used vehicle retail: 32,117 versus the two-analyst average estimate of 31,656.
- Average selling price - New vehicle: $50.53 billion compared to the $49.30 billion average estimate based on two analysts.
- Average Gross profit per unit - Used vehicle retail: $1.86 billion versus $1.98 billion estimated by two analysts on average.
- Unit sales - New vehicle - same store: 36,846 compared to the 30,973 average estimate based on two analysts.
- Unit sales - Used vehicle retail - same store: 32,104 versus the two-analyst average estimate of 26,756.
- Revenues- New vehicle: $1.86 billion versus $1.90 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
- Revenues- Used vehicle: $1.11 billion compared to the $1.10 billion average estimate based on four analysts. The reported number represents a change of -16.5% year over year.
- Revenues- Parts and service: $526.50 million versus $550.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenues- Finance and insurance net: $166.10 million compared to the $169.48 million average estimate based on four analysts. The reported number represents a change of -17% year over year.
- Revenues- Used vehicle- Retail: $1.02 billion versus the three-analyst average estimate of $980.46 million. The reported number represents a year-over-year change of -18.6%.
- Revenues- Used vehicle- Wholesale: $94.90 million versus the three-analyst average estimate of $85.57 million. The reported number represents a year-over-year change of +17.3%.
View all Key Company Metrics for Asbury Automotive here>>>Shares of Asbury Automotive have returned -11% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended September 2023, Asbury Automotive Group (ABG - Free Report) reported revenue of $3.67 billion, down 5.2% over the same period last year. EPS came in at $8.12, compared to $9.23 in the year-ago quarter.
The reported revenue represents a surprise of -1.51% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $8.44, the EPS surprise was -3.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit sales - New vehicle: 36,846 versus 38,501 estimated by two analysts on average.
- Unit sales - Used vehicle retail: 32,117 versus the two-analyst average estimate of 31,656.
- Average selling price - New vehicle: $50.53 billion compared to the $49.30 billion average estimate based on two analysts.
- Average Gross profit per unit - Used vehicle retail: $1.86 billion versus $1.98 billion estimated by two analysts on average.
- Unit sales - New vehicle - same store: 36,846 compared to the 30,973 average estimate based on two analysts.
- Unit sales - Used vehicle retail - same store: 32,104 versus the two-analyst average estimate of 26,756.
- Revenues- New vehicle: $1.86 billion versus $1.90 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
- Revenues- Used vehicle: $1.11 billion compared to the $1.10 billion average estimate based on four analysts. The reported number represents a change of -16.5% year over year.
- Revenues- Parts and service: $526.50 million versus $550.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenues- Finance and insurance net: $166.10 million compared to the $169.48 million average estimate based on four analysts. The reported number represents a change of -17% year over year.
- Revenues- Used vehicle- Retail: $1.02 billion versus the three-analyst average estimate of $980.46 million. The reported number represents a year-over-year change of -18.6%.
- Revenues- Used vehicle- Wholesale: $94.90 million versus the three-analyst average estimate of $85.57 million. The reported number represents a year-over-year change of +17.3%.
View all Key Company Metrics for Asbury Automotive here>>>Shares of Asbury Automotive have returned -11% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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