Asbury Automotive Reports Missed Q1 Non-GAAP EPS and Revenue Targets
Asbury Automotive (ABG) reported Q1 Non-GAAP EPS of $5.37, missing estimates by $0.25, and revenue of $4.1 billion, which fell short by $270 million. The company's revenue remained flat year-over-year, and while used retail gross profit per unit increased by 16%, overall performance was below expectations.
Tickers: $ABG
Topics: automotive industry earnings miss non-GAAP EPS revenue miss