Earnings Call Summary | Asbury Automotive(ABG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Asbury Automotive(ABG.US) Q1 2024 Earnings Conference
The following is a summary of the Asbury Automotive Group, Inc. (ABG) Q1 2024 Earnings Call Transcript:
以下是阿斯伯裏汽車集團公司（ABG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Asbury Automotive Group reported revenues of $4.2 billion in Q1 2024.
Gross profit margin was 17.9%, with SG&A as a percentage of gross profit at 62.5%.
Operating margin stood at 6.3%.
Earnings per share achieved were $7.21 with a reported EBITDA of $259 million.
The company returned capital to shareholders, repurchasing 240,000 shares for $50 million in the quarter.
阿斯伯裏汽車集團報告稱，2024年第一季度收入爲42億美元。
毛利率爲17.9％，銷售和收購佔毛利的百分比爲62.5％。
營業利潤率爲6.3％。
實現的每股收益爲7.21美元，報告的息稅折舊攤銷前利潤爲2.59億美元。
該公司向股東返還了資本，在本季度以5000萬美元的價格回購了24萬股股票。
Business Progress:
業務進展：
Asbury showed ongoing progress in growth strategy and operational efficiency, successful integration of the Coon Group positively contributed to overall growth.
The parts and service business is expected to grow at mid-single digits or higher by the end of the year.
The company sold 2,700 more units compared to Q4 2023 and maintained same-store PVRs quarter-over-quarter with its pre-owned sourcing efforts.
The company continues to utilize capital optimally, making strategic acquisitions and divestitures. A Lexus store in Delaware was divested during Q1 2024.
Expanded online retail with Asburyauto.com platform selling 10,832 units through ClickLane, approximately 16% of overall units in Q1 2024. ClickLane will be deployed across all remaining stores in Florida and Coons later in the year.
Notable brand performance seen especially in imports, with the expectation that new GPU trends could be around $3000 per quarter.
Continued improvement seen in omnichannel customer experience via the ClickLane platform and resilience noted in the luxury customer base, despite model availability variation.
The company warned that prospective Federal Reserve interest rate hikes might negatively affect their business.
阿斯伯裏在增長戰略和運營效率方面表現出持續的進展，庫恩集團的成功整合爲整體增長做出了積極貢獻。
預計到年底，零件和服務業務將以中等個位數或更高的速度增長。
與2023年第四季度相比，該公司的銷量增加了2700臺，並通過其二手採購工作維持了同店PVR的同比增長。
該公司繼續以最佳方式利用資本，進行戰略收購和資產剝離。特拉華州的一家雷克薩斯門店於2024年第一季度被剝離。
擴大了在線零售，AsburyAuto.com平台通過ClickLane銷售了10,832套，約佔2024年第一季度總單位的16％。今年晚些時候，ClickLane將在佛羅里達州和庫恩斯的所有剩餘門店中部署。
品牌表現顯著，尤其是在進口方面，預計新的GPU趨勢可能在每季度3000美元左右。
儘管型號可用性存在差異，但通過ClickLane平台實現的全渠道客戶體驗持續改善，奢侈品客戶群的彈性也有所提高。
該公司警告說，聯儲局的潛在加息可能會對他們的業務產生負面影響。
More details: Asbury Automotive IR
更多詳情： 阿斯伯裏汽車紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。