Overview

* Asbury Q2 revenue rises 3% yr/yr but missed analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reflecting strong operational performance

* Co completed acquisition of The Herb Chambers Automotive Group

Outlook

* Company focuses on long-term operational success with strategic portfolio optimization

* No specific financial guidance provided for future quarters or full year

* Company continues to focus on growth, profitability, and cost discipline

Result Drivers

* PARTS & SERVICE - Record gross profit of $355 mln driven by increased parts and service revenue

* USED VEHICLE PROFIT - Used vehicle retail gross profit rose 11% despite a 6% decrease in unit volume

* ACQUISITIONS & DIVESTITURES - Acquisition of Herb Chambers Automotive Group and divestiture of nine stores as part of portfolio optimization strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $4.40 $4.45

Revenue bln bln (7

Analysts

)

Q2 Beat $7.43 $6.86 (8

Adjusted Analysts

EPS )

Q2 EPS $7.76

Q2 Beat $146 mln $135.70

Adjusted mln (7

Net Analysts

Income )

Q2 Net $153 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

* Wall Street's median 12-month price target for Asbury Automotive Group Inc ( ABG ) is $240.50, about 4.7% above its July 28 closing price of $229.20

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)