Asbury Automotive Group (ABG) Tops Q1 EPS by 33c
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Asbury Automotive Group Reports All-Time Record EPS of $10.38, for First Quarter 2022, up 117% Over Prior Year, and Announces Update to Strategic Growth Plan
April 28, 2022 6:50 AM EDTFirst quarter EPS of $10.38 per diluted share, up 117% over prior year First quarter adjusted EPS of $9.27 per diluted share (a non-GAAP measure), up 98% over prior year First quarter revenue increased 78% and gross profit increased 107% over prior year quarter; operating margin of 8.2% rose 200 bps year-over-year First quarter SG&A as a percentage of gross profit decreased 520 bps over prior year to 57.5% First quarter adjusted EBITDA (a non-GAAP measure) increased 139% to $336 million New $200 million share repurchase authorization
DULUTH, Ga.--(BUSINESS... More
