NYSE$ABG
Asbury Automotive Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Asbury Automotive Group reported record second quarter financial results.
Asbury Automotive Group reported a strong quarter with a record operating margin of 5.7% and a record low SG&A as a percentage of gross profit of 62.7%. Net income for the second quarter 2020 was $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52 per diluted share).
- New gross profit per vehicle up 33% to $1,924
- Used retail gross profit per vehicle up 10% to $1,717
- 20% of used sales transacted online
- SG&A as a percentage of gross profit decreased 530 basis points to 62.7%
Headline financials
Revenue & EPS history
Asbury · Revenue · Quarterly
$1.45B
Revenue by segment
Asbury · $1.45B total across 4 segments · Q2 2020
- New Vehicle Revenue$762M-21.1%52.7%
- Used Vehicle Revenue$448M-16.1%31.0%
- Parts and Service Revenue$169M-24.6%11.7%
- Net Finance and Insurance$66.6M-17.0%4.6%
Forward guidance
Asbury entered into a definitive agreement to acquire Park Place Dealerships, which is expected to add approximately $1.7 billion in expected annualized revenues and transform their total portfolio to 49% luxury stores.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.8%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+16.1%
Q1 2022
Best reaction
-12.6%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +1.5% | -2.7% | |
| Q4 2025 | -7.0% | -3.6% | -13.6% | |
| Q3 2025 | +1.2% | +0.1% | +0.1% | |
| Q1 2025 | -3.6% | -0.9% | +0.8% | |
| Q4 2024 | +11.5% | +7.8% | -2.2% | |
| Q3 2024 | +3.3% | +1.1% | +15.3% | |
| Q2 2024 | -12.6% | -13.7% | -6.8% | |
| Q1 2024 | +0.2% | -5.1% | +4.4% | |
| Q4 2023 | +2.5% | +3.6% | -0.5% | |
| Q3 2023 | -7.2% | -6.3% | +4.0% | |
| Q2 2023 | -4.7% | -5.6% | -6.6% | |
| Q1 2023 | -10.1% | -6.5% | -2.8% | |
| Q4 2022 | +5.0% | +1.8% | +2.8% | |
| Q3 2022 | +1.5% | +8.5% | +17.4% | |
| Q2 2022 | +5.0% | +6.9% | +12.7% | |
| Q1 2022 | +16.1% | +23.1% | +17.0% | |
| Q4 2021 | +14.6% | +15.6% | +20.7% | |
| Q3 2021 | -11.1% | -12.4% | -26.6% | |
| Q2 2021 | -1.2% | +4.3% | -5.9% | |
| Q1 2021 | -1.6% | -4.5% | -4.1% | |
| Q4 2020 | -3.0% | +2.5% | +11.0% | |
| Q3 2020 | -8.6% | -11.7% | +3.6% | |
| Q2 2020 | -4.3% | -7.9% | -4.6% | |
| Q1 2020 | -1.7% | +5.4% | +22.2% | |
| Q4 2019 | -0.8% | -2.9% | -2.4% | |
| Q3 2019 | -6.3% | -2.9% | +2.8% | |
| Q2 2019 | +5.3% | +2.6% | -1.1% | |
| Q1 2019 | +8.4% | +10.6% | +6.1% | |
| Q4 2018 | -4.5% | -4.7% | -7.5% | |
| Q3 2018 | +10.7% | +13.5% | +14.9% | |
| Q2 2018 | -1.0% | -1.7% | +9.2% | |
| Q1 2018 | +4.1% | +1.6% | +3.7% | |
| Q4 2017 | +4.4% | +5.4% | +3.0% | |
| Q3 2017 | +5.4% | +8.7% | +14.6% | |
| Q2 2017 | -5.3% | -2.8% | -10.7% | |
| Q1 2017 | -3.0% | -7.9% | -10.9% | |
| Q4 2016 | +2.8% | +2.8% | -3.7% | |
| Q3 2016 | -6.2% | -5.4% | +10.6% | |
| Q2 2016 | -1.4% | -0.2% | -13.0% | |
| Q1 2016 | +9.0% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | -9.5% | — | — | |
| Q2 2015 | -9.0% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | -5.9% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +9.4% | — | — | |
| Q4 2013 | +8.4% | — | — | |
| Q3 2013 | -10.9% | — | — | |
| Q2 2013 | +3.9% | — | — | |
| Q1 2013 | +11.8% | — | — | |
| Q4 2012 | -3.1% | — | — | |
| Q3 2012 | +4.0% | — | — | |
| Q2 2012 | -1.9% | — | — | |
| Q1 2012 | +5.3% | — | — | |
| Q1 2011 | +5.3% | — | — | |
| Q4 2009 | -0.4% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q3 2010 | -1.5% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2010 | -5.1% | — | — |
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