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Jun 30, 2022
Asbury Q2 2022 Earnings Report
Asbury's financial performance for Q2 2022, marked by record EPS and revenue growth, was reported.
Key Takeaways
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.
Record EPS of $9.07, up 16% over prior year quarter.
Adjusted EPS of $10.04, up 29% over prior year quarter.
Net income of $201 million, up 32% over prior year quarter.
Revenue of $4.0 billion, up 53% over prior year quarter.
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
Earnings call will be held on July 28, 2022, at 10:00 a.m. ET.
Revenue & Expenses
Visualization of income flow from segment revenue to net income