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ABGBearishEarningsnews
Materiality pending

Asbury (ABG) Stock Falls 1% Since Q1 Earnings & Sales Miss

May 8, 2024, 12:12 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- ABG shares down 1% post first-quarter 2024 results. - Missed adjusted earnings and revenue Zacks consensus estimates. - New vehicle revenue down 17% year over year; used vehicle revenue up 17%. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Research Analysis

  • ABG shares down 1% post first-quarter 2024 results.
  • Missed adjusted earnings and revenue Zacks consensus estimates.
  • New vehicle revenue down 17% year over year; used vehicle revenue up 17%.

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