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Asbury Automotive (ABG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended December 2023, Asbury Automotive Group (ABG - Free Report) reported revenue of $3.81 billion, up 2.9% over the same period last year. EPS came in at $7.12, compared to $9.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of +1.20%. The company delivered an EPS surprise of -8.01%, with the consensus EPS estimate being $7.74.
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: 39,897 versus the two-analyst average estimate of 40,403.
Unit sales - Used vehicle retail: 30,778 versus 33,709 estimated by two analysts on average.
Average selling price - New vehicle: $51.60 billion versus the two-analyst average estimate of $49.43 billion.
Unit sales - Used vehicle retail - same store: 29,165 versus the two-analyst average estimate of 26,010.
Average Gross profit per unit - Total new vehicle: $4.28 billion compared to the $4.07 billion average estimate based on two analysts.
Average Gross profit per unit - Used vehicle retail: $1.70 billion versus the two-analyst average estimate of $1.78 billion.
Revenues- New vehicle: $2.06 billion versus $1.96 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
Revenues- Used vehicle: $1.07 billion compared to the $1.09 billion average estimate based on four analysts. The reported number represents a change of -7.3% year over year.
Revenues- Parts and service: $513.40 million versus the four-analyst average estimate of $556.36 million. The reported number represents a year-over-year change of -0.5%.
Revenues- Finance and insurance net: $171.20 million versus $157.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.2% change.
Revenues- Used vehicle- Retail: $965.80 million versus the three-analyst average estimate of $1 billion. The reported number represents a year-over-year change of -11.3%.
Revenues- Used vehicle- Wholesale: $102.90 million versus the three-analyst average estimate of $69.67 million. The reported number represents a year-over-year change of +61.5%.
Shares of Asbury Automotive have returned +0.1% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Asbury Automotive (ABG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2023, Asbury Automotive Group (ABG - Free Report) reported revenue of $3.81 billion, up 2.9% over the same period last year. EPS came in at $7.12, compared to $9.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of +1.20%. The company delivered an EPS surprise of -8.01%, with the consensus EPS estimate being $7.74.
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: 39,897 versus the two-analyst average estimate of 40,403.
- Unit sales - Used vehicle retail: 30,778 versus 33,709 estimated by two analysts on average.
- Average selling price - New vehicle: $51.60 billion versus the two-analyst average estimate of $49.43 billion.
- Unit sales - Used vehicle retail - same store: 29,165 versus the two-analyst average estimate of 26,010.
- Average Gross profit per unit - Total new vehicle: $4.28 billion compared to the $4.07 billion average estimate based on two analysts.
- Average Gross profit per unit - Used vehicle retail: $1.70 billion versus the two-analyst average estimate of $1.78 billion.
- Revenues- New vehicle: $2.06 billion versus $1.96 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
- Revenues- Used vehicle: $1.07 billion compared to the $1.09 billion average estimate based on four analysts. The reported number represents a change of -7.3% year over year.
- Revenues- Parts and service: $513.40 million versus the four-analyst average estimate of $556.36 million. The reported number represents a year-over-year change of -0.5%.
- Revenues- Finance and insurance net: $171.20 million versus $157.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.2% change.
- Revenues- Used vehicle- Retail: $965.80 million versus the three-analyst average estimate of $1 billion. The reported number represents a year-over-year change of -11.3%.
- Revenues- Used vehicle- Wholesale: $102.90 million versus the three-analyst average estimate of $69.67 million. The reported number represents a year-over-year change of +61.5%.
View all Key Company Metrics for Asbury Automotive here>>>Shares of Asbury Automotive have returned +0.1% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.