Asbury Automotive Q1 Sales $4.201B Miss $4.264B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Group reported Q1 sales of $4.201 billion, missing the consensus estimate of $4.264 billion by 1.48%. Despite the miss, this represents a 17.28% increase over last year's sales of $3.582 billion.
April 25, 2024 | 10:52 am
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Asbury Automotive Group's Q1 sales of $4.201 billion missed estimates by 1.48% but showed a significant year-over-year growth of 17.28%.
Although Asbury Automotive missed the sales estimates, the significant year-over-year growth indicates a strong underlying business performance. The miss is relatively small and may not significantly impact investor sentiment in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100