Asbury Automotive Group, Inc. recently released its 10-Q report, detailing its operations as an automotive retailer in the United States. The company operates through Dealerships and Total Care Auto, Powered by Landcar (TCA) segments, offering a range of automotive products and services, including new and used vehicles, vehicle repair and maintenance services, finance and insurance products, and aftermarket products. As of March 31, 2025, the company owned and operated 196 new vehicle franchises within 14 states, representing 31 brands of automobiles.
In the 10-Q report, Asbury Automotive discussed forward-looking information, including its goals, plans, and projections regarding industry and general economic trends, expected financial position, and business strategy. The company highlighted factors that may impact its future results, such as economic conditions, consumer spending, interest rates, and changes in trade policies. Asbury Automotive emphasized the potential impact of tariffs, trade risks, and pending acquisitions on its business operations.
Financial highlights from the 10-Q report revealed that consolidated revenue for the three months ended March 31, 2025, decreased to $4.15 billion, compared to $4.20 billion for the prior year. The report also discussed the company's continued organic growth, which is dependent on its balanced automotive retailing and service business strategy, the strength of its brand mix, and the production and allocation of desirable vehicles from the automobile manufacturers whose brands it sells.
The pending acquisition of the Herb Chambers automotive group was a significant event highlighted in the report, with the company expected to acquire substantially all of the assets, including businesses and real property, for an aggregate purchase price of approximately $1.34 billion, subject to various customary closing conditions and approval from the applicable automotive manufacturers.
Asbury Automotive's 10-Q report provided insights into the company's financial condition, operational challenges, and strategic initiatives, offering investors and stakeholders a comprehensive view of its performance and outlook. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $218.14. For more information, read the company's full 10-Q submission here.
