Asbury Automotive Gr Q3 2024 Adj EPS $6.35 Misses $6.58 Estimate, Sales $4.24B Miss $4.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive Group (NYSE:ABG) reported Q3 2024 earnings per share of $6.35, missing the analyst estimate of $6.58. Sales were $4.24 billion, below the expected $4.30 billion, but up 15.57% from last year.
October 29, 2024 | 10:48 am
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Asbury Automotive Group's Q3 2024 earnings and sales both missed analyst estimates, which could negatively impact the stock price in the short term.
The company's earnings per share and sales figures both fell short of analyst expectations, which typically leads to a negative reaction in the stock market. Despite a year-over-year sales increase, the miss on estimates is likely to weigh on investor sentiment.
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