Asbury Earnings Reports

Asbury Automotive delivered a solid Q2 2025, achieving $153 million in net income and $7.76 diluted EPS, both rising sharply from the prior year. The company posted $4.37 billion in revenue and $752 million in gross profit, while adjusted metrics also showed steady operational improvements.

Asbury Automotive Group reported first quarter 2025 net income of $132.1 million, a 10% decrease from the prior year, with total revenue decreasing by 1% to $4.1 billion. Adjusted net income was $134.3 million, and adjusted EPS was $6.82. The company also announced a definitive agreement to acquire The Herb Chambers Automotive Group.

Asbury Automotive Group reported record fourth-quarter revenue of $4.5 billion, an 18% increase year-over-year. EPS was $6.54 per diluted share, while adjusted EPS was $7.26 per diluted share. The company's Parts & Service gross profit grew by 19%, reaching an all-time record of $340 million.

Asbury Automotive Group reported a 16% increase in revenue to $4.2 billion for Q3 2024. However, net income decreased by 25% to $126 million, or $6.37 per diluted share. The results were impacted by normalizing inventory levels, brand challenges, and Hurricane Helene.

Asbury Automotive Group reported a 13% increase in revenue to $4.2 billion for Q2 2024. However, net income decreased by 86% to $28 million, or $1.39 per diluted share, compared to $196 million, or $9.34 per diluted share, in Q2 2023. The results were impacted by the CDK cyber incident, which caused lost business and one-time expenses.

Asbury Automotive Group reported a strong first quarter, achieving a record $4.2 billion in revenue, a 17% increase year-over-year. Net income was $147 million, or $7.21 per diluted share, a decrease of 19% compared to the prior year. The company repurchased approximately 240,000 shares for $50 million during the quarter.

Asbury Automotive Group's Q4 2023 results reflect a decrease in net income and EPS compared to the previous year, impacted by non-cash asset impairments. Revenue increased slightly, and the company completed the acquisition of Jim Koons Automotive Companies.

Asbury Automotive Group reported a revenue of $3.7 billion and an adjusted EPS of $8.12 for Q3 2023. The company is focused on long-term strategic goals, including the pending acquisition of Jim Koons Automotive Group.

Asbury Automotive Group reported a decrease in net income and revenue for Q2 2023 compared to Q2 2022. Revenue decreased by 5% to $3.7 billion, and net income decreased by 2% to $196 million. Despite the declines, the company highlighted its focus on profitability and expense control.

Asbury Automotive Group reported a decrease in net income and revenue for Q1 2023 compared to Q1 2022. Net income decreased by 24% to $181 million, and revenue decreased by 8% to $3.6 billion.

Asbury Automotive Group reported record fourth-quarter and full-year 2022 financial results. Net income increased by 151% in the fourth quarter, and revenue grew by 40% to $3.7 billion. The company's strategic initiatives, including dealership acquisitions and the Clicklane platform, contributed to the strong performance.

Asbury Automotive Group reported record third-quarter results, with a 39% increase in net income to $205 million and a 61% increase in revenue to $3.9 billion, driven by strong performance across new and used vehicles, parts and service, and finance and insurance. The company navigated a challenging macro environment, including the impact of Hurricane Ian, while maintaining a disciplined cost strategy and strengthening its balance sheet.

Asbury Automotive Group reported record second quarter 2022 net income of $201 million ($9.07 per diluted share), an increase of 32% from $152 million ($7.80 per diluted share) in the prior year quarter. Second quarter 2022 adjusted net income, a non-GAAP measure, increased 47% year-over-year to $223 million ($10.04 per diluted share) compared to adjusted net income of $152 million ($7.78 per diluted share) in second quarter 2021. Second quarter revenue of $4.0 billion, an increase of 53% over prior year quarter, and gross profit of $803 million, an increase of 61% over prior year quarter.

Asbury Automotive Group reported record first-quarter earnings per share (EPS) of $10.38, a 117% increase year-over-year. Revenue increased by 78% and gross profit increased by 107% compared to the prior year quarter. The company's performance was boosted by recent acquisitions and strategic initiatives like Clicklane and Total Care Auto (TCA).

Asbury Automotive Group reported record fourth-quarter results, with a 19% increase in revenue and a 46% increase in gross profit. The company's adjusted EPS increased by 68% to $7.46 per diluted share. Strategic acquisitions, including Larry H. Miller Dealerships and Stevinson Automotive Group, contributed to the company's growth and expanded its coast-to-coast presence.

Asbury Automotive Group reported record third-quarter results, with a 30% increase in revenue and a 52% increase in EPS. The company's performance was driven by strong execution and strategic acquisitions, including the upcoming acquisition of Larry H. Miller Dealerships and Total Care Auto.

Asbury Automotive Group reported record second quarter results, with revenue up 79% and gross profit up 105% compared to the prior year quarter. The company's online car buying platform, Clicklane, is exceeding expectations and contributing to the strong performance.

Asbury Automotive Group reported record first-quarter financial results, with a 36% increase in revenue and a 40% increase in gross profit compared to the prior year quarter. The company's EPS rose by 373% and adjusted EPS increased by 160%.

Asbury Automotive Group reported a record fourth quarter with EPS of $4.59, up 103% year-over-year. Revenue increased by 18%, and gross profit increased by 23%. The company also launched its online car buying platform, Clicklane, and unveiled its five-year strategic plan.

Asbury Automotive Group reported a record third quarter in 2020, with net income reaching $96.2 million, or $4.96 per diluted share. Adjusted EPS was $4.08, a 75% increase over the prior year. The company closed on the acquisition of Park Place Dealerships, adding $1.7 billion of annualized revenue, and achieved a record adjusted operating margin of 6.6%.

Asbury Automotive Group reported a strong quarter with a record operating margin of 5.7% and a record low SG&A as a percentage of gross profit of 62.7%. Net income for the second quarter 2020 was $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52 per diluted share).

Asbury Automotive Group reported a decrease in net income for Q1 2020 to $19.5 million ($1.01 per diluted share), and adjusted net income of $34.7 million ($1.80 per diluted share). The results were impacted by the COVID-19 pandemic in March, but the company took actions to reduce expenses and focus on omni-channel sales initiatives.

Asbury Automotive Group reported a strong fourth quarter in 2019, with a 6% increase in total revenue and a 15% increase in adjusted EPS. The company also signed an agreement to acquire 20 Park Place luxury franchises, expected to add $1.9 billion in annualized revenues.