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Asbury Automotive: 4Q Earnings Snapshot

February 6, 2019

DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Wednesday reported fourth-quarter profit of $40.4 million.

The Duluth, Georgia-based company said it had profit of $2.06 per share. Earnings, adjusted for one-time gains and costs, came to $2.20 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The auto dealership chain posted revenue of $1.78 billion in the period.

For the year, the company reported profit of $168 million, or $8.28 per share. Revenue was reported as $6.87 billion.

Asbury Automotive shares have risen roughly 9 percent since the beginning of the year. The stock has increased 10 percent 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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