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Asbury Automotive: 2Q Earnings Snapshot

July 26, 2019

DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Friday reported second-quarter earnings of $54.9 million.

The Duluth, Georgia-based company said it had net income of $2.84 per share. Earnings, adjusted for non-recurring gains, were $2.38 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.

The auto dealership chain posted revenue of $1.8 billion in the period, which met Street forecasts.

Asbury Automotive shares have climbed 35% since the beginning of the year. The stock has climbed 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG

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