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Dec 31, 2021
Asbury Q4 2021 Earnings Report
Asbury reported record financial results, driven by strategic acquisitions and strong performance in both new and used vehicle sales.
Key Takeaways
Asbury Automotive Group reported record fourth-quarter results, with a 19% increase in revenue and a 46% increase in gross profit. The company's adjusted EPS increased by 68% to $7.46 per diluted share. Strategic acquisitions, including Larry H. Miller Dealerships and Stevinson Automotive Group, contributed to the company's growth and expanded its coast-to-coast presence.
Revenue increased by 19% and gross profit increased by 46% compared to the prior year quarter.
Adjusted EPS increased by 68% to $7.46 per diluted share.
SG&A as a percentage of gross profit decreased by 690 bps to 54.5%.
Operating margin increased by 290 bps to 8.9%.
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
Asbury will update their strategic five-year plan after they close the first quarter of 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income