ABG
Asbury Automotive Group Inc
Asbury Automotive Group Inc
$ABG Reports First Quarter 2023 Financial Results, with $683 Million in Revenue and Optimistic Outlook Despite Lower Net Income and Margins.
Asbury Automotive Group announced its Q1 2023 earnings, citing a revenue of $683 million and a net income of $21 million or $0.27 per diluted share, compared to $707 million and $24 million respectively in the previous year. The company's liquidity remained strong, with $1.7 billion in liquidity, and a $184 million share repurchase authorization. Despite the decrease in margins, Asbury's five-year strategic plan towards growth, cost reduction, and profitability improvement initiatives anticipates a positive future outlook.
5mo ago
$ABG