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Mar 31, 2024
Asbury Q1 2024 Earnings Report
Asbury's Q1 2024 earnings were reported, achieving a record revenue of $4.2 billion.
Key Takeaways
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.
Revenue reached a record $4.2 billion, a 17% increase year-over-year.
Net income was $147 million, or $7.21 per diluted share, a 19% decrease year-over-year.
Parts and service revenue grew by 15%, with gross profit increasing by 18%.
Approximately 240,000 shares were repurchased for $50 million.
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
Additional commentary regarding the first quarter results will be provided during the earnings conference call on Thursday, April 25, 2024, at 10:00 a.m. ET.
Revenue & Expenses
Visualization of income flow from segment revenue to net income