Description
Asbury Automotive Group, Inc.: Continued Focus on Preowned Car Sourcing and Sales!
Asbury Automotive Group’s first quarter earnings report for 2024 exhibits a mix of positive and negative highlights, underpinned by a resilient performance amidst several challenges. The company achieved a milestone by reporting $4.2 billion in revenue, which demonstrates the strength and resilient performance of their team. One of the key strengths was the company’s used unit volume, which increased by over 9% (2,700 units) versus the fourth quarter of 2023. The company also registered robust performance in new vehicle units, although they were flat year on year.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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