Asbury Automotive Is Trading Lower On Heels Of Q1 Earnings Report
Asbury Automotive Is Trading Lower On Heels Of Q1 Earnings Report
Shares of Asbury Automotive Group Inc (NYSE:ABG) are trading at $213.99 each; that's down by more than 3.4% at last check Thursday.
阿斯伯里汽车集团公司(纽约证券交易所代码:ABG)的股票每股交易价格为213.99美元;在周四的最后一次检查中下跌了3.4%以上。
The Duluth, Georgia-based company reported first-quarter earnings per share of $7.21, missing the street view of $7.76 due to a tight inventory market and volume challenges.
这家总部位于佐治亚州德卢斯的公司公布的第一季度每股收益为7.21美元,由于库存市场紧张和销量挑战,未达到7.76美元的街景。
Quarterly sales of $4.201 billion missed the street view of $4.264 billion. Revenue, however, increased 17% year over year. Gross profit increased 8% year-over-year to $750 million, while gross margin decreased 158 bps to 17.9%.
季度销售额为42.01亿美元,低于42.64亿美元的街景。但是,收入同比增长了17%。毛利同比增长8%,至7.5亿美元,毛利率下降158个基点至17.9%。
"We delivered on our ongoing commitment to profitably grow same store preowned volume by retailing over 2,700 more units sequentially, even in a tight inventory market, and new vehicle profits performed well against brand mix driven volume challenges," said Asbury CEO David Hult.
阿斯伯里首席执行官戴维·霍特表示:“即使在库存紧张的情况下,我们也兑现了持续的承诺,即通过连续零售超过2700辆,实现同店二手车销量盈利增长,新车利润在品牌组合驱动的销量挑战中表现良好。”
Asbury said new vehicle unit volume increased by 18%, new vehicle revenue increased by 17%, while new vehicle gross profit decreased by 9%.
阿斯伯里说,新车销量增长了18%,新车收入增长了17%,而新车毛利下降了9%。
Same-store revenue of $3.5 billion decreased 1% year over year, while gross margin decreased 136 bps to 18.1%.
35亿美元的同店收入同比下降1%,而毛利率下降136个基点至18.1%。
As of March 31, 2024, the company had cash and floor plan offset accounts of $225 million.
截至2024年3月31日,该公司的现金和平面图抵消账户为2.25亿美元。
The company repurchased approximately 240,000 shares for $50 million during the first quarter of 2024.
该公司在2024年第一季度以5000万美元的价格回购了约24万股股票。
"Our results demonstrate how our strategic investments have enabled us to deliver strong results despite challenging market conditions," the CEO added.
首席执行官补充说:“我们的业绩表明,尽管市场条件艰难,我们的战略投资如何使我们能够取得强劲的业绩。”
Share Repurchases
股票回购
The company repurchased approximately 240,000 shares for $50 million during the first quarter 2024.
该公司在2024年第一季度以5000万美元的价格回购了约24万股股票。
As of March 31, Asbury had $153 million remaining on its share repurchase authorization.
截至3月31日,阿斯伯里的股票回购授权还剩1.53亿美元。
Price Action: ABG shares are trading lower by 3.55% to $213.66 at last check Thursday.
价格走势:周四最后一次检查时,ABG股价下跌3.55%,至213.66美元。
Now Read:
现在阅读: