Asbury Automotive Group to Announce Third Quarter Results Soon
Asbury Automotive Group Announces Upcoming Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), a leader in the automotive retail sector in the U.S., has set the date for its third quarter earnings announcement. This pivotal release is scheduled before the market opens, allowing stakeholders to get an early look at the company's financial health and performance metrics.
Conference Call Details
On the day of the announcement, Asbury will host a conference call at 10:00 a.m. Eastern Time. This will be a great opportunity for investors and analysts to gain insights straight from the management. The call will be available for live streaming on their website, providing extensive access to interested parties.
How to Access the Call
Participants wishing to join the call can do so by using the following numbers. For those calling from within the U.S., the number is (877) 407-2988, while international callers can reach them at +1 (201) 389-0923. Remember to enter the passcode 13749524 to access the discussion.
Asbury's Growth Strategy
Asbury Automotive Group has been making waves in the industry with its strategic initiatives aimed at enhancing revenue and profitability. Since late 2020, the company has embarked on a journey focusing on organic growth through innovation and technology. This approach is fundamentally driven by a commitment to customer satisfaction, ensuring that improving guest experiences remains their guiding principle.
Overview of Operations
As of late 2024, Asbury boasts an impressive fleet of 153 new vehicle dealerships, featuring 202 franchises that represent a diverse array of 31 brands. This extensive network allows Asbury to cater to a broad audience, providing everything from new and used vehicle sales to comprehensive service options like collision repairs and maintenance.
Recognitions and Achievements
Asbury Automotive Group stands out not only for its operational scale but also for its accolades. The company is prominently ranked 18th on the Forbes list of America’s Best Mid-Sized Companies for 2023. Moreover, it has been recognized by the Financial Times as one of America’s Fastest Growing Companies in 2024, and it has also received accolades from Newsweek for being one of America’s Greatest Workplaces in 2023.
Company Mission and Vision
At the heart of Asbury's operational success is a robust mission focusing on delivering value to both customers and stakeholders. By harnessing cutting-edge technology and prioritizing a customer-centric approach, Asbury envisions not just maintaining but expanding its market leadership in the automotive retail space.
Frequently Asked Questions
What date is the third quarter financial results release?
The third quarter financial results will be released on Tuesday, October 29, 2024, before market opening.
How can I join the conference call?
To join the conference call, dial (877) 407-2988 for domestic calls or +1 (201) 389-0923 for international calls and enter passcode 13749524.
What is the main focus of Asbury's growth strategy?
Asbury’s strategic growth focuses on enhancing revenue and profitability through organic growth, acquisitions, and leveraging innovative technologies.
How many dealerships does Asbury operate?
As of September 30, 2024, Asbury operates 153 new vehicle dealerships with 202 franchises across various brands.
What recognition has Asbury received recently?
Asbury has been named 18th on Forbes’ list of Best Mid-Sized Companies and recognized as one of America’s Fastest Growing Companies for 2024 by the Financial Times.
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