Asbury Automotive Group (NYSE:ABG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.24b (up 16% from 3Q 2023).

• Net income: US$126.3m (down 25% from 3Q 2023).

• Profit margin: 3.0% (down from 4.6% in 3Q 2023).

• EPS: US$6.41 (down from US$8.21 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Asbury Automotive Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 3.5%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Asbury Automotive Group (1 is a bit concerning!) that you should be aware of.

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