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Mar 31, 2023
Asbury Q1 2023 Earnings Report
Asbury's financial performance decreased compared to the prior year quarter.
Key Takeaways
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.
Revenue decreased by 8% year-over-year to $3.6 billion.
Net income decreased by 24% year-over-year to $181 million.
EPS decreased to $8.37 per diluted share.
Clicklane sales reached an all-time record of over 10,800 vehicles, a 28% increase over Q4 2022.
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 Automotive Group did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income