Asbury Automotive: Q1 Earnings Snapshot

DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported first-quarter profit of $181.4 million.

The Duluth, Georgia-based company said it had net income of $8.37 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.94 per share.

The auto dealership chain posted revenue of $3.58 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.7 billion.

Asbury Automotive shares have increased 15% since the beginning of the year. The stock has climbed 29% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ABG at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up