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ABG (Asbury Automotive Group) Retained Earnings : $3,219 Mil (As of Dec. 2024)


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What is Asbury Automotive Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Asbury Automotive Group's retained earnings for the quarter that ended in Dec. 2024 was $3,219 Mil.

Asbury Automotive Group's quarterly retained earnings increased from Jun. 2024 ($3,049 Mil) to Sep. 2024 ($3,091 Mil) and increased from Sep. 2024 ($3,091 Mil) to Dec. 2024 ($3,219 Mil).

Asbury Automotive Group's annual retained earnings increased from Dec. 2022 ($2,610 Mil) to Dec. 2023 ($2,962 Mil) and increased from Dec. 2023 ($2,962 Mil) to Dec. 2024 ($3,219 Mil).


Asbury Automotive Group Retained Earnings Historical Data

The historical data trend for Asbury Automotive Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Asbury Automotive Group Retained Earnings Chart

Asbury Automotive Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,348.90 1,881.20 2,610.10 2,961.50 3,218.90

Asbury Automotive Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,961.50 3,061.50 3,048.70 3,090.90 3,218.90

Asbury Automotive Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Asbury Automotive Group  (NYSE:ABG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Asbury Automotive Group Business Description

Traded in Other Exchanges
Address
2905 Premiere Parkway, NW, Suite 300, Duluth, GA, USA, 30097
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 152 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $17.2 billion of revenue in 2024 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime around 2030.
Executives
Daniel Clara officer: SVP, Operations C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, STE 300, DULUTH GA 30097
Nathan Edward Briesemeister officer: VP, Controller & CAO C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
David W Hult officer: EVP & COO 800 GESSNER, SUITE 500, HOUSTON TX 77024
Jed Milstein officer: VP & CHRO 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Miran Maric officer: SVP, Strategy & Innovation C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
Philip F Maritz director C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, STE 300, DULUTH GA 30097
George A Villasana officer: VP & General Counsel 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Bridget Ryan Berman director 161 FALCON ROAD, GUILFORD CT 06437
Terry Hilliard C. Iii director ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Michael Welch officer: SVP & CFO C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
David C Abrams 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital Partners Ii, L.p. 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital, Llc 10 percent owner 222 BERKELEY ST., 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, L.p. 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, Llc 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116