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More on Asbury Automotive Group's Q1

Apr. 27, 2017 10:08 AM ETAsbury Automotive Group, Inc. (ABG) StockBy: Niloofer Shaikh, SA News Editor
  • 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.

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