Asbury Automotive Group, Inc. Stock News

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 Br...

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2024 net income of $129 million ($6.54 per diluted share), an increase of 132% from $56 million ($2.70 per diluted share) in fourth quarter 2023. The Company reported fourth quarter 2024 adjusted net income, a no...

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 Clickla...

Builders FirstSource (BLDR) offers a prime buying opportunity due to housing market fears, with strong free-cash-flow and a structural housing shortage supporting long-term growth.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Fourth Quarter 2024 Financial Results.

PLEASANTON, Calif.--(BUSINESS WIRE)--Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today filed a federal antitrust lawsuit against CDK Global, Inc. (“CDK”) accusing CDK of engaging in a systematic scheme to thwart competition in the franchise dealer management system (DMS) market. “CDK's technology is outdated. Instead of innovating and com...

DALLAS--(BUSINESS WIRE)--Park Place Dealerships, a part of Asbury Automotive Group, Inc. (NYSE: ABG), successfully completed the purchase of 15 acres of land in Dallas, Texas, from Raytheon on December 4, 2024. Known for its best-in-class client service, Park Place is expected to develop a state-of-the-art Porsche dealership on the newly purchased property, providing its clients with the luxury...

DULUTH, Ga.--(BUSINESS WIRE)--Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best's upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes La...