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Jun 30, 2021
Asbury Q2 2021 Earnings Report
Asbury's financial performance reached record levels, driven by strong revenue, volume, margins, net income, and EPS.
Key Takeaways
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.
Second quarter EPS of $7.80 per diluted share, up 204% over prior year EPS.
Second quarter adjusted EPS of $7.78 per diluted share, up 209% over prior year adjusted EPS.
Second quarter revenue increased 79% and gross profit increased 105% over prior year quarter.
Clicklane online car buying platform is exceeding expectations.
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 July 27, 2021, at 10:00 a.m. ET.
Revenue & Expenses
Visualization of income flow from segment revenue to net income