NYSE$ABG

Asbury Automotive Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Asbury reported record financial results, driven by strategic acquisitions and strong performance in both new and used vehicle sales.

Asbury Automotive Group reported record fourth-quarter results, with a 19% increase in revenue and a 46% increase in gross profit. The company's adjusted EPS increased by 68% to $7.46 per diluted share. Strategic acquisitions, including Larry H. Miller Dealerships and Stevinson Automotive Group, contributed to the company's growth and expanded its coast-to-coast presence.

  • Revenue increased by 19% and gross profit increased by 46% compared to the prior year quarter.
  • Adjusted EPS increased by 68% to $7.46 per diluted share.
  • SG&A as a percentage of gross profit decreased by 690 bps to 54.5%.
  • Operating margin increased by 290 bps to 8.9%.

Headline financials

Total Revenue

$2.65B

Previous: $2.23B+18.8%
EPS (adj)

$7.46

Previous: $4.44+68.0%
Used Vehicle Retail Units

27.1K

Previous: 21.4K+26.6%
Luxury Avg Gross Profit

$9.2K

Previous: $5.29K+73.8%
Import Avg Gross Profit

$4.75K

Previous: $1.2K+295.1%
Domestic Avg Gross Profit

$5.74K

Previous: $3.13K+83.3%
New Vehicle Avg Gross Profit

$6.3K

Previous: $2.9K+117.3%
Net Income

$141M

Previous: $89.1M+57.7%
Operating Income

$236M

Previous: $135M+75.5%
Gross Profit

$542M

Previous: $372M+45.7%
Cash & Equivalents

$189M

Previous: $1.4M+13428.6%
Total Assets

$5.7B

Previous: $2.11B+170.4%
Stock-Based Comp

$4M

Previous: $3.4M+17.6%

Revenue & EPS history

Asbury · Revenue · Quarterly

$2.65B

Q4 2021+18.8%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Asbury · $2.65B total across 4 segments · Q4 2021

  • New Vehicle Revenue
    $1.28B+4.8%
  • Used Vehicle Revenue
    $930M+41.0%
  • Parts and Service Revenue
    $331M+26.6%
  • Net Finance and Insurance
    $109M+25.3%

Forward guidance

Asbury will update their strategic five-year plan after they close the first quarter of 2022

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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