Asbury Automotive Group (ABG) Releases Earnings Results, Reports EPS of $1.65 EPS

Asbury Automotive Group (ABG) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $1.65 EPS for the quarter. Analysts had a consensus estimate of $1.65. The company posted revenue of $1627.40 million in the period, compared to analysts expectations of $1709.08 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.

Asbury Automotive Group opened for trading at $59.54 and hit $60.12 on the upside on Wednesday, eventually ending the session at $59.54, with a gain of 0.42% or 0.25 points. The heightened volatility saw the trading volume jump to 2,10,865 shares. Company has a market cap of $1,319 M.

In a different news, on May 24, 2016, Dennis E Clements (director) sold 2,034 shares at $53.31 per share price. According to the SEC, on May 5, 2016, Joel Alsfine (director) purchased 100 shares at $58.12 per share price. On May 2, 2016, George Karolis (SVP, Corp. Dev. & Real Estate) sold 1,717 shares at $60.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Asbury Automotive Group Inc. (Asbury) is an automotive retailer in the United States. The Company offers a range of automotive products and services including new and used vehicles vehicle maintenance replacement parts and collision repair services new and used vehicle financing and aftermarket products including insurance warranty and service contracts. The Company’s brand names include Nalley Automotive Group Courtesy Autogroup Coggin Automotive Group Crown Automotive Company David McDavid Auto Group Gray-Daniels Auto Family and Plaza Motor Company among others. The Company’s new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. It’s used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. It provides vehicle maintenance and repair services in the markets of its franchised dealerships.

Asbury Automotive Group

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