Asbury AutomotiveNYSE: ABG

The stock performance of Asbury Automotive Group has been underwhelming, with only a 10% increase since my recommendation. However, the company's Q1 earnings revealed a 17% rise in revenue, driven by mergers and acquisitions, and it is expected to have strong earnings for the rest of the year. Even though new car sales have decreased and margins have gone down, the maintenance and financing divisions are still producing consistent cash flow and making a significant contribution to gross profit.

Welcome to the Asbury Automotive Group First Quarter 2024 Earnings Call with participants including company representatives Chris Reeves, David Hult, Daniel Clara, and Michael Welch, as well as analysts John Murphy, Rajat Gupta, Ryan Sigdahl, Bret Jordan, and David Whiston. Please note that all participants are currently in a listen-only mode.

Although the financial results of Asbury Automotive (ABG) in the quarter ending March 2024 provide an overview of its performance, it may be beneficial to analyze how its key metrics compare to analyst expectations and the previous year's figures.

Asbury Automotive Group (ABG) reported quarterly earnings of $7.21 per share, which fell short of the Zacks Consensus Estimate of $7.78 per share. This is lower than the earnings of $8.37 per share reported in the same quarter last year.

Asbury Automotive (ABG) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be ready with the key projections.

We believe that stocks like General Motors (GM), Cardinal Health (CAH), Cencora (COR), Alta Equipment (ALTG) and Asbury (ABG) should be on an investor's watchlist.

Asbury's (ABG) fourth-quarter earnings miss estimates on lower-than-expected sales from used-vehicle and parts and service segments.

The headline numbers for Asbury Automotive (ABG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.12 per share, missing the Zacks Consensus Estimate of $7.74 per share. This compares to earnings of $9.12 per share a year ago.