earnings
confidence high
sentiment positive
materiality 0.80
Asbury Q2 record EPS $9.07, adj. EPS $10.04; revenue $4.0B up 53% YoY
ASBURY AUTOMOTIVE GROUP INC
2022-Q2 EPS reported
$19.52
revenue$7,862,000,000
- Net income $201M (+32% YoY); adj. net income $223M (+47%); adj. EBITDA record $352M (+56%).
- Same-store revenue down 7%, gross profit flat; new vehicle units -31%, F&I PVR +32% to $2,409.
- Clicklane sold ~6,600 vehicles (+55% YoY, +17% sequential); 92% incremental customers.
- Liquidity ~$1.0B; adjusted net leverage 2.1x vs 2.7x at end of 2021.
- Operating margin 8.5% (flat YoY); adj. operating margin +10 bps to 8.5%.