Asbury Automotive Q1 Earnings Rise - Quick Facts

(RTTNews) - Asbury Automotive Group, Inc. (ABG) Tuesday reported that its first-quarter income from continuing operations rose to $35.9 million or $1.30 per share from last year's $31.5 million or $1.03 per share.

Net income for the first quarter was $35.9 million or $1.30 per share, compared to $31.4 million or $1.02 per share in the prior-year period

Total revenues in the quarter grew 14% to $1.5 billion. While both new vehicle retail revenues and used vehicle retail revenues were up 14 percent, Finance and insurance revenues grew 15 percent. Parts and service revenues were up 11 percent.

Analysts polled by Thomson Reuters expected the company to earn $1.18 per share, on revenues of $1.49 billion, for the quarter.