Asbury Automotive Profit Up 10% on Higher Car Sales

Newswire

Oct 22 (Reuters) - U.S. auto dealer Asbury Automotive Group Inc posted a 10 percent rise in quarterly profit helped by the continuing recovery in the automobile industry. Net income rose to $22.7 million or 73 cents per share, in the third quarter, from $20.7 million, or 66 cents per share, a year earlier. Excluding items, Asbury earned 91 cents per share from continuing operations. Asbury said new-vehicles sales were up 13 percent and used-vehicle sales rose 33 percent in the quarter.

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Jul 26, 2016
Datasheet
WardsAuto

WardsAuto 2016 Dealer F&I 150 (PDF)

U.S. top 150 dealerships ranked by F&l revenue for 2016. Includes dealership name, owner, city, state, new vehicle units, used vehicle units, total revenue, and finance and insurance revenue....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×