Asbury Automotive Q4 earnings and sales beat estimates, driven by strong vehicle sales.

From NASDAQ: 2025-01-31 04:26:00

Asbury Automotive Group (ABG) reported Q4 2024 adjusted EPS of $7.26, beating estimates and increasing from the previous year. Revenues of $4.5 billion exceeded expectations, driven by strong sales in new and used vehicles. Segment details show growth in new and used vehicle sales, finance, and insurance businesses, but parts and service revenues fell short.

In comparison, other auto giants like General Motors (GM) and PACCAR (PCAR) also reported strong earnings in Q4 2024. GM’s earnings per share of $1.92 and revenues of $47.71 billion beat estimates, while PACCAR’s earnings of $1.68 per share missed but showed resilience. Tesla (TSLA) reported earnings of 73 cents per share, slightly below expectations, with a focus on upcoming vehicle production and energy storage growth.

Looking ahead, GM projects adjusted EBIT and EPS for 2025, PACCAR expects capex and R&D expenses, and Tesla plans to start production of affordable vehicles and Cybercab by 2026. As industry leaders continue to innovate and grow, the auto sector remains a key area to watch for investors seeking opportunities in 2025.



Read more at NASDAQ: Asbury Q4 Earnings & Sales Outperform Expectations, Rise Y/Y