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Dec 31, 2023
Asbury Q4 2023 Earnings Report
Asbury Automotive Group reported a decrease in net income and EPS for Q4 2023 compared to Q4 2022, while revenue saw a slight increase. The acquisition of Jim Koons Automotive Companies was completed during the quarter.
Key Takeaways
Asbury Automotive Group's Q4 2023 results reflect a decrease in net income and EPS compared to the previous year, impacted by non-cash asset impairments. Revenue increased slightly, and the company completed the acquisition of Jim Koons Automotive Companies.
Revenue increased by 3% to $3.8 billion.
Net income decreased by 89% to $56 million, or $2.70 per diluted share.
Gross profit decreased by 9% to $673 million.
Completed acquisition of Jim Koons Automotive Companies.
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 fourth quarter results will be provided during the earnings conference call on Thursday, February 8, 2024, at 10:00 a.m. ET.
Revenue & Expenses
Visualization of income flow from segment revenue to net income