ABG puts up a stellar show in the fourth quarter of 2024, driven by higher-than-expected revenues across all segments except parts and services unit.
Asbury Automotive Group, Inc. (NYSE:ABG ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Chris Reeves - VP, Finance & Treasurer David Hult - President & CEO Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Jeff Lick - Stephens Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies David Whiston - Morningstar Operator Greetings, and welcome to Asbury Automotive Group Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Asbury Automotive Group (ABG) came out with quarterly earnings of $7.26 per share, beating the Zacks Consensus Estimate of $6.07 per share. This compares to earnings of $7.12 per share a year ago.
Asbury Automotive (ABG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Asbury Automotive Group, Inc. faces uncertainty for Q4 due to Hurricane Milton and stop-sale orders, likely leading to a miss on top and bottom lines. Analysts expect $5.98 EPS on $4.12B revenue, but historical misses suggest overestimation; management hasn't provided guidance. Key concerns include hurricane impact, stop-sale orders on Toyota, Lexus, BMW, and Honda models, and declining Clicklane performance.
Top 6 Businesses We Own: Q4 2024 Update
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Despite grim industry prospects, auto retail and wholesale stocks like LAD, GPI & ABG are set to benefit from digital efforts and strategic acquisitions.
Asbury Automotive (ABG) reported earnings 30 days ago. What's next for the stock?
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