Asbury Automotive Group Announces Q1 Financial Results

Order Reprints

April 27, 2017—Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., today reported net income for the first quarter 2017 of $34.0 million, or $1.61 per diluted share, compared to $31.0 million, or $1.27 per diluted share in the prior year quarter.

It also reported adjusted income from continuing operations (a non-GAAP measure) for the first quarter 2017 of $33.4 million, or $1.58 per diluted share, compared to $33.2 million, or $1.36 per diluted share, in the prior year quarter, a 16% increase in adjusted earnings per share.

Total revenue for the first quarter remained flat at $1.6 billion compared to the prior year period; total revenue on a same-store basis (a non-GAAP measure) was up 3% from the prior year period.

Related Articles

Ford to Offer Up Financial Results for Mobility Unit

Asbury Automotive Reports Record Fourth Quarter

GM Announces Preliminary Results of Annual Shareholders Meeting

You must login or register in order to post a comment.