earnings
confidence high
sentiment positive
materiality 0.85
Asbury Automotive Q1 EPS $10.38, up 117% YoY; revenue $3.9B, up 78%
ASBURY AUTOMOTIVE GROUP INC
2022-Q1 EPS reported
$10.38
revenue$3,911,800,000
- Record diluted EPS of $10.38; adjusted EPS $9.27, up 98% YoY. Net income $237.7M (+156%).
- Revenue $3.9B (+78%); gross profit +107%; operating margin 8.2% (+200 bps). Adjusted EBITDA $336M (+139%).
- Same-store gross profit +23%; new vehicle GP +67%; F&I revenue +26%; parts & service GP +10%.
- Board authorized $200M new share repurchase; 1.1M shares repurchased in Q1. Liquidity ~$805M; adj. net leverage 2.2x.
- Updated 2025 strategic growth plan targeting $32B revenue ($16B in 2022). Completed 7 divestitures for $327M.