Loading...
•
Mar 31, 2022
Asbury Q1 2022 Earnings Report
Asbury's first quarter performance was strong, marked by record EPS and significant revenue growth driven by strategic acquisitions and operational improvements.
Key Takeaways
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).
Record first quarter EPS of $10.38, up 117% year-over-year.
Revenue increased 78% and gross profit increased 107% over prior year quarter.
Adjusted EBITDA increased 139% to $336 million.
The company is on pace to generate $16 billion in revenue in 2022, a 63% increase over 2021.
Asbury
Asbury
Asbury Revenue by Segment
Revenue by Segment
New Vehicle Revenue
CapyFin.comUsed Vehicle Revenue
CapyFin.comParts & Service Revenue
CapyFin.comF&I Net Revenue
CapyFin.com Forward Guidance
Asbury expects to generate $16 billion in revenue in 2022 and targets $32 billion in revenue in 2025.
Positive Outlook
- Strategic fit of acquisitions made in 2021.
- Roll out Clicklane to acquired dealerships.
- Integrate Total Care Auto into legacy Asbury stores.
- Optimize dealership portfolio.
- Expand market share and increase productivity.
Challenges Ahead
- Changes in general economic and business conditions.
- Increases in interest rates and rising fuel prices.
- Any impact of COVID-19 on the automotive industry.
- Relationships with vehicle manufacturers.
- Shortage of semiconductor chips and other components.
Revenue & Expenses
Visualization of income flow from segment revenue to net income