DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), a leading automotive retail and service company in the U.S., has announced the promotion of Daniel E. Clara to Chief Operating Officer, starting February 17, 2025. Mr. Clara brings more than 23 years of experience in the automotive retail industry. Before serving as Senior Vice President of Operations for the past five years, he worked as a regional vice president.
Asbury's major purchase is expected to help its growth, but problems with inventory and economic uncertainties could affect how well its stock performs.
ABG delivers an impressive performance in the fourth quarter of 2024, fueled by revenues that exceeded expectations in nearly all areas, except for the parts and services division.
Asbury Automotive Group, Inc. (NYSE:ABG) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 10:00 AM ET. The call will feature company representatives including Chris Reeves, David Hult, Daniel Clara, and Michael Welch, along with participants from various financial institutions. Currently, all attendees are in listen-only mode.
Asbury Automotive Group (ABG) reported quarterly earnings of $7.26 per share, which is higher than the Zacks Consensus Estimate of $6.07 per share. This is an increase compared to last year's earnings of $7.12 per share.
Asbury Automotive (ABG) has the right mix of factors that could lead to a strong earnings report soon. Get ready for the important expectations.
Asbury Automotive Group, Inc. is facing challenges in the fourth quarter because of Hurricane Milton and stop-sale orders, which may result in lower earnings and revenue. Analysts predict an earnings per share of $5.98 and revenue of $4.12 billion, but past performance indicates these estimates might be too high, and the management has not given any guidance. Major worries include the effects of the hurricane, stop-sale orders affecting Toyota, Lexus, BMW, and Honda vehicles, as well as a drop in Clicklane's performance.
Our six main businesses: Update for the fourth quarter of 2024.
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DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group has announced the date for releasing its financial results for the fourth quarter of 2024.