In This Article:
Asbury Automotive Group (NYSE:ABG) Full Year 2024 Results
Key Financial Results
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Revenue: US$17.2b (up 16% from FY 2023).
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Net income: US$430.3m (down 29% from FY 2023).
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Profit margin: 2.5% (down from 4.1% in FY 2023).
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EPS: US$21.62 (down from US$28.83 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asbury Automotive Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%.
The primary driver behind last 12 months revenue was the Dealerships segment contributing a total revenue of US$17.1b (100% of total revenue). Notably, cost of sales worth US$14.2b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.81b (72% of total expenses). Explore how ABG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Asbury Automotive Group (at least 1 which is significant), and understanding them should be part of your investment process.
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