- Asbury Automotive Group (NYSE:ABG +2.1%) reports total revenues on same-store basis rose 3% in Q1.
- New vehicles revenue down 1% to $832.5M.
- Used vehicles revenue almost flat Y/Y at $461.8M.
- Parts and service revenue advanced 1% to $191.5M.
- Finance and insurance, net revenue grew 6% to $65.9M.
- Gross margin rate flat at 16.8%.
- Adjusted operating margin rate slipped 10 bps to 4.6%.
- Total new vehicle unit sales fell 2% Y/Y to 23,466M.
- Total used vehicle retail units sales increased 2% to 20,067M.
More on Asbury Automotive Group's Q1
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Symbol | Last Price | % Chg |
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Asbury Automotive Group, Inc. |