Asbury Automotive Group rallies after earnings

• Asbury Automotive Group (ABG +6.6%) trades higher after Q4 results come in ahead of expectations.
• Total revenue on a same-store basis improved 5% Y/Y during the quarter. Same-store gross profit was also up 5%.
• Adjusted income rose 20 bps to 4.4% of sales as lower SG&A expenses on a percentage basis played in.
• Previously: Asbury Automotive beats by $0.13, beats on revenue (Feb. 7)