Asbury Q3 net income falls 25% to $126M; revenue up 16% to $4.2B

ASBURY AUTOMOTIVE GROUP INC

2024-Q3 EPS reported $14.99 revenue$12,684,100,000

Net income $126M ($6.37 diluted EPS) vs $169M ($8.19) YoY; adjusted EPS $6.35 vs $8.12.
Revenue $4.2B (+16% YoY); Parts & Service gross profit +16%; same-store revenue -2%.
Repurchased ~394k shares for $89M in Q3; YTD ~830k for $183M; $276M remaining authorization.
Estimated EPS impact $0.39-$0.43 from stop-sale orders (~1,200 lost new units) and Hurricane Helene.
SG&A as % of gross profit 65.0%; adjusted 64.4%; sequential improvement of 25 bps.

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