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Jun 30, 2023
Asbury Q2 2023 Earnings Report
Asbury's financial performance decreased slightly, marked by a revenue decline and reduced profitability compared to the previous year.
Key Takeaways
Asbury Automotive Group reported a decrease in net income and revenue for Q2 2023 compared to Q2 2022. Revenue decreased by 5% to $3.7 billion, and net income decreased by 2% to $196 million. Despite the declines, the company highlighted its focus on profitability and expense control.
Revenue decreased by 5% year-over-year to $3.7 billion.
Net income decreased by 2% year-over-year to $196 million.
Gross profit decreased by 11% year-over-year.
Clicklane sales reached an all-time record with over 11,400 vehicles sold.
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
This press release contains forward-looking statements based on management's current expectations and beliefs and involve significant risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income