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More on Asbury Automotive Group's Q2

Jul. 26, 2016 10:36 AM ETAsbury Automotive Group, Inc. (ABG) StockBy: Niloofer Shaikh, SA News Editor
  • Asbury Automotive Group (NYSE:ABG +0.1%) reports total revenues on same-store basis fell 1% in Q2.
  • New vehicles revenue decreased 3% to $897M.
  • Used vehicles revenue declined 7% to $470.2M.
  • Parts and service revenue grew 4% to $195.3M.
  • Gross margin rate rose 30 bps to 16.4%.
  • Operating margin rate slipped 10 bps to 4.8%.
  • Total new vehicle unit sales squeezed 6% Y/Y to 25,765M.
  • Total used vehicle retail units sales fell 8% to 19,612M.

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