- Asbury Auto’s fourth-quarter revenue was $4.50 billion, marking an 18% increase year-over-year and surpassing the estimated $4.16 billion.
- New vehicle revenue reached $2.46 billion, indicating a 19% growth year-over-year, exceeding the projected $2.2 billion.
- Total used vehicle revenue was $1.26 billion, up 18% year-over-year, surpassing the estimate of $1.14 billion.
- Gross margin slightly decreased to 16.6% from the previous year’s 17.7%, yet was close to the estimated 16.9%.
- Adjusted earnings per share increased to $7.26 from $7.12 in the previous year, outperforming the expected $6.04.
- Analyst recommendations include 1 buy, 9 holds, and 0 sells.
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Asbury Automotive on Smartkarma
Asbury Automotive Group has garnered positive analyst coverage on Smartkarma from Baptista Research. In a report titled “Asbury Automotive Group: Expansion into Electric Vehicles (EVs) & Other Major Developments! – Financial Forecasts”, the analysts highlighted the company’s third-quarter 2024 financial results. Despite facing challenges such as significant hurricane impacts and manufacturer-specific issues, Asbury demonstrated resilience and strategic agility in navigating the volatile automotive market. The report commended the company’s performance driven by strategic dealership operations and cost optimization strategies.
Another report by Baptista Research, “Asbury Automotive Group: What Is Their Expansion Strategy Focused on Diverse Revenue Streams? – Major Drivers”, discussed the mixed results for the second quarter of 2024. The analysis pointed out a resilient operational performance but also identified significant challenges due to a system outage that impacted the company’s operations. The report provided a detailed examination of both the strengths and areas of concern for Asbury Automotive Group during this period, shedding light on their expansion strategy and key drivers for future growth.
A look at Asbury Automotive Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Asbury Automotive Group Inc. operates as an automotive retailer in the United States, specializing in new and used vehicles, financing and insurance, maintenance services, parts, and service contracts. With a Smartkarma Smart Score of 4 for Value and Momentum, Asbury Automotive shows promise for long-term growth and stability. The company’s strong value score indicates it may be considered undervalued compared to its peers, while its momentum score suggests positive market sentiment and potential for continued growth.
Although Asbury Automotive scores lower in Dividend, Growth, and Resilience with scores of 1, 3, and 2 respectively, the company’s focus on luxury and mid-line import brands positions it well in the competitive automotive market. Investors considering Asbury Automotive should weigh its overall Smart Score factors and the company’s market position in the automotive industry for a comprehensive long-term outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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