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Dec 31, 2020
Asbury Q4 2020 Earnings Report
Asbury's Q4 2020 earnings were announced, showcasing record EPS and significant revenue growth.
Key Takeaways
Asbury Automotive Group reported a record fourth quarter with EPS of $4.59, up 103% year-over-year. Revenue increased by 18%, and gross profit increased by 23%. The company also launched its online car buying platform, Clicklane, and unveiled its five-year strategic plan.
Record fourth quarter EPS of $4.59 per diluted share, up 103% over prior year quarter.
Fourth quarter revenue increased 18% and gross profit increased 23% over prior year quarter.
Launched the innovative platform Clicklane.
Unveiled a five-year strategic plan to reach $20 billion of revenue by 2025.
Revenue by Segment
Forward Guidance
Asbury Automotive Group is focused on achieving $20 billion in revenue by 2025 through strategic initiatives and acquisitions.
Positive Outlook
- Expanding operating margins
- Growing EPS in excess of revenue growth
- Leveraging gains from dealership portfolio
- Capitalizing on opportunities to repurchase debt and equity securities
- Staying within targeted range for capital expenditures
Challenges Ahead
- Impact of the COVID-19 pandemic
- General economic and business conditions
- Relationships with vehicle manufacturers
- Risks associated with indebtedness
- Competition in the automotive retail and service industries
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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