ABG

ATLANTA, July 07, 2026--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on Tuesday, July 28, 2026. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time. The conference call will be simulcast live on the internet and can be accessed by logging onto https://investors.asburyauto.com. A replay will be available on this site for 30 days. In addition, live audio will be accessible to the public. Participants may enter the conference call five to ten minutes prior to the scheduled start of the call by dialing: About Asbury Automotive Group, Inc Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Atlanta, Georgia, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of June 30, 2026, Asbury operates 158 new vehicle dealerships, consisting of 202 franchises and representing 34 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Asbury, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America’s Fastest Growing Companies 2024 by the Financial Times, one of the World’s Most Trustworthy Companies for 2024 and 2025 by Newsweek, and one of America’s Most Successful Small-Cap Companies by Forbes for 2026. For additional information, visit www.asburyauto.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260707062069/en/ Contacts Investors & Reporters May Contact: Joe SoriceSr. Manager, Inves...

It has been about a month since the last earnings report for Asbury Automotive Group (ABG). Shares have lost about 3.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Asbury Automotive due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Asbury Automotive Group, Inc. before we dive into how investors and analysts have reacted as of late. Asbury reported first-quarter 2026 adjusted earnings of $5.37 per diluted share, which missed the Zacks Consensus Estimate of $5.68 by 5.42%. The bottom line declined 21.3% year over year. Quarterly revenues of $4.11 billion dipped 0.9% from the year-ago period and came in 6.41% below the Zacks Consensus Estimate of $4.4 billion. Despite the top-line miss, the quarter featured pockets of resilience, including used retail gross profit per unit of $1,847, up 16% from the prior-year quarter. On a GAAP basis, net income rose 42% year over year to $187.8 million, or $9.87 per diluted share, supported by a net gain on dealership divestitures of $125.8 million. Income before income taxes increased 43% to $250.6 million. Still, underlying profitability remained under pressure. While gross profit rose to $726.9 million and total gross margin improved slightly by 22 basis points to 17.7%, operating margin declined to 4.7% from 5.6% in the prior year, as expenses increased at a faster pace than gross profit. New-vehicle revenues declined 2% year over year to $2.1 billion, while total new-vehicle units sold fell 5% to 39,282. Within the mix, luxury unit sales increased 9% to 9,449, but domestic units dropped 17% to 9,229. The average selling price (ASP) was $53,480, up 4% year over year. On the used side, retail used-vehicle revenues decreased 2% to $1.06 billion as retail used units sold fell 6% to 33,202. Retail used-vehicle gross profit increased 9% to $61.3 million, while retail used gross margin improved 58 basis points to 5.8%. The average selling price (ASP) was $31,913, up 5% year over year. Revenues from the used vehicle wholesale business declined 6% to $146.8 million. Gross profit from the unit declined 40% to $5 million. Finance and insurance (F&I) revenues, net, slipped 4% to $179 million, but F&I profit per vehicle retailed held firm at $2,3...

Q1 results: Asbury reported revenue of $4.1 billion, gross profit of $727 million (17.7% margin), adjusted EBITDA of $207 million and adjusted EPS of $5.37 (would have been $5.63 excluding a TCA deferral), with performance weighed down by severe winter weather and moderating consumer demand. Tekion rollout: More than 50% of stores are live on Tekion and Asbury expects to be fully converted by fall 2026; management warned of elevated short‑term disruption and implementation costs (peaking late 2Q into 3Q) but said efficiencies should materialize after the ramp, with early Koons results showing substantial service productivity gains. Demand, pricing and inventory: same‑store new vehicle revenue fell ~9% year‑over‑year, but per‑unit new gross profit is trending toward a normalized range near $3,000, while used vehicle GPU rose ~12% to $1,828 and inventory days (new 54, used 30) remain supportive of pricing. Interested in Asbury Automotive Group, Inc.? Here are five stocks we like better. Asbury Automotive Group (NYSE:ABG) executives pointed to a “noisy” first quarter shaped by severe winter weather, moderating consumer demand following last year’s tariff-driven sales spike, and temporary disruption from the company’s ongoing rollout of the Tekion dealer management system (DMS). Management said it remains on track to complete the conversion by the fall, with more than half of stores already running on Tekion. President and CEO David Hult said the quarter reflected “the expected decrease in volumes as consumer demand moderated from last year's tariff-driven spike in sales,” along with tougher weather and the impact of stores converting to Tekion. The company reported first-quarter revenue of $4.1 billion and gross profit of $727 million, translating to a 17.7% gross margin, which Hult said was up 22 basis points. Asbury delivered a 5% adjusted operating margin, adjusted EBITDA of $207 million, and adjusted earnings per share (EPS) of $5.37. → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Senior Vice President and CFO Michael Welch said adjusted net income was $102 million and noted a non-cash deferral headwind related to Total Care Auto (TCA) of $0.26 per share. “Our adjusted EPS would have been $5.63 without the deferral impact,” Welch said. He added that adjusted results excluded several items, including “net gain on divestitures of $94 milli...

Image source: The Motley Fool. Tuesday, April 28, 2026 at 10 a.m. ET President and Chief Executive Officer — David Hult Incoming Chief Executive Officer; Chief Operating Officer — Dan Clara Senior Vice President and Chief Financial Officer — Michael Welch Vice President, Investor Relations — Chris Reeves Chris Reeves: Thanks, operator, and good morning. As noted, today's call is being recorded and will be available for replay later this afternoon. Welcome to the Asbury Automotive Group's First Quarter 2026 Earnings Call. The press release detailing Asbury's first quarter results was issued earlier this morning and is posted on our website at investors.asburyauto.com. Participating with me today are David Hult, our President and Chief Executive Officer; Dan Clara, our Chief Operating Officer; and Michael Welch, our Senior Vice President and Chief Financial Officer. At the conclusion of our remarks, we will open up the call for questions and will be available later for any follow-up questions. Before we begin, we must remind you that the discussion during the call today is likely to contain forward-looking statements. Forward-looking statements are statements other than those which are historical in nature, which may include financial projections forecasts and current expectations, each of which are subject to significant uncertainties. For information regarding certain of the risks that may cause actual results to differ materially from these statements, please see our filings with the SEC from time to time, including our Form 10-K for the year ended December 31, 2025, any subsequently filed quarterly reports on Form 10-Q and our earnings release issued earlier today. We expressly disclaim any responsibility to update forward-looking statements. In addition, certain non-GAAP financial measures as defined under SEC rules may be discussed on this call. As required by applicable SEC rules, we provide reconciliations of any such non-GAAP financial measures to the most directly comparable GAAP measures on our website. Comparisons will be made on a year-over-year basis unless we indicate otherwise. We have also posted an updated investor presentation on our website, investors asburyauto.comhighlighting our first quarter results. It is my pleasure to now hand the call over to our CEO, David Hult. David? David Hult: Thank you, Chris, and good morning, everyone. Welco...

Performance was impacted by a combination of severe winter weather across nearly all markets and temporary operational friction from the ongoing Tekion DMS migration. Management completed a significant number of store conversions to the Tekion platform in the first and second quarters of 2026, though operational efficiencies and financial benefits typically take four to six months to manifest following the transition. New vehicle volumes moderated as consumer demand cooled from the prior year's tariff-driven spike, though gross profit per unit (GPU) remained resilient, particularly in luxury segments. Used vehicle strategy prioritized per-unit profitability over volume, resulting in sequential GPU growth for the second consecutive quarter despite lower sales units. The company optimized its portfolio by divesting 10 dealerships and 7 franchises, including an exit from the Alfa Romeo and Maserati brands, to focus on higher-return assets. Capital allocation focused on shareholder returns and debt reduction, utilizing divestiture proceeds to repurchase 678,000 shares at what management views as a valuation dislocation. The company expects to be fully converted to the Tekion platform by the fall of 2026, after which cost and efficiency benefits are expected to materialize fully. Management anticipates Parts and Service gross profit will grow at mid-single-digit rates over time, supported by an aging vehicle fleet and increased complexity. Full-year 2026 capital expenditure is projected at approximately $250 million, with a similar spend anticipated for 2027. The pool of used vehicle inventory is expected to increase throughout the year, aided by rising lease return activity, potentially allowing for volume growth while maintaining margins. Management expects EBITDA to rise significantly in the back half of 2026 and into 2027 as the technology rollout concludes and operational efficiencies take hold. Severe weather in Q1 2026 had a significant estimated impact of $19 million on gross profit and $0.56 on earnings per share. The Total Care Auto (TCA) non-cash deferral created a $0.26 per share headwind in the first quarter. One-time costs related to Tekion implementation ($5 million) and duplicate DMS expenses ($1 million) were adjusted out of non-GAAP results. Management is monitoring geopolitical events and rising gasoline prices as potential risks to consumer co...

This article first appeared on GuruFocus. Revenue: $4.1 billion for the first quarter. Gross Profit: $727 million with a gross profit margin of 17.7%. Adjusted Operating Margin: 5%. Adjusted Earnings Per Share (EPS): $5.37. Adjusted EBITDA: $207 million. New Vehicle Gross Profit Per Unit: $3,271, down $177 year over year. Used Vehicle Gross Profit Per Unit: $1,847, up 16% year over year. F&I PVR: $2,307, with a non-cash deferral impact of $45. Adjusted Net Income: $102 million. Adjusted SG&A as a Percentage of Gross Profit: 66.9% on a same-store basis. Adjusted Operating Cash Flow: $166 million. Adjusted Free Cash Flow: $120 million for the first quarter. Liquidity: $1.2 billion at the end of the quarter. Transaction Adjusted Net Leverage Ratio: 3.2 times. Share Repurchase: 678,000 shares repurchased. Warning! GuruFocus has detected 4 Warning Signs with ABG. Is ABG fairly valued? Test your thesis with our free DCF calculator. Release Date: April 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Asbury Automotive Group Inc (NYSE:ABG) successfully divested 10 dealerships and a collision center, generating approximately $600 million in annualized revenue. The company repurchased 678,000 shares of its stock, utilizing $147 million of the proceeds from divestitures, indicating confidence in its undervalued stock. New vehicle gross profit per unit remained relatively stable, with only a slight decrease year-over-year, suggesting resilience in profitability. Used vehicle gross profit per unit increased by 16% year-over-year, reflecting effective execution of strategies to maximize per unit profitability. The transition to the Tekion platform is expected to bring significant cost and efficiency benefits, with over 50% of stores already converted and full conversion anticipated by fall 2026. The transition to Tekion has led to temporary disruptions and elevated costs, impacting store operations and financial performance. Severe winter weather negatively affected sales and operations, contributing to a decrease in new vehicle volumes and impacting gross profit by an estimated $19 million. Parts & Service gross profit faced challenges due to weather, cautious consumer behavior, and disruptions from the DMS transition. Same-store new vehicle revenue decreased by 9% year-over-year, reflecting moderated consumer...

Asbury Automotive Group, Inc. ABG reported first-quarter 2026 adjusted earnings of $5.37 per diluted share, which missed the Zacks Consensus Estimate of $5.68 by 5.42%. The bottom line declined 21.3% year over year. Quarterly revenues of $4.11 billion dipped 0.9% from the year-ago period and came in 6.41% below the Zacks Consensus Estimate of $4.4 billion. Despite the top-line miss, the quarter featured pockets of resilience, including used retail gross profit per unit of $1,847, up 16% from the prior-year quarter. Asbury Automotive Group, Inc. price-consensus-eps-surprise-chart | Asbury Automotive Group, Inc. Quote On a GAAP basis, net income rose 42% year over year to $187.8 million, or $9.87 per diluted share, supported by a net gain on dealership divestitures of $125.8 million. Income before income taxes increased 43% to $250.6 million. Still, underlying profitability remained under pressure. While gross profit rose to $726.9 million and total gross margin improved slightly by 22 basis points to 17.7%, operating margin declined to 4.7% from 5.6% in the prior year, as expenses increased at a faster pace than gross profit. New-vehicle revenues declined 2% year over year to $2.1 billion, while total new-vehicle units sold fell 5% to 39,282. Within the mix, luxury unit sales increased 9% to 9,449, but domestic units dropped 17% to 9,229. The average selling price (ASP) was $53,480, up 4% year over year. On the used side, retail used-vehicle revenues decreased 2% to $1.06 billion as retail used units sold fell 6% to 33,202. Retail used-vehicle gross profit increased 9% to $61.3 million, while retail used gross margin improved 58 basis points to 5.8%. The average selling price (ASP) was $31,913, up 5% year over year. Revenues from the used vehicle wholesale business declined 6% to $146.8 million. Gross profit from the unit declined 40% to $5 million. Finance and insurance (F&I) revenues, net, slipped 4% to $179 million, but F&I profit per vehicle retailed held firm at $2,302, up 2% year over year. On a same-store basis, F&I PVR was $2,307, essentially flat versus the prior-year quarter. Parts and service revenues grew 7% year over year to $626.8 million, supported by higher customer pay and a steady service backdrop. Gross profit from parts and service rose 7% to $365.1 million. However, margins remained essentially unchanged, with parts and service gross marg...

ATLANTA (AP) — ATLANTA (AP) — Asbury Automotive Group Inc. (ABG) on Tuesday reported first-quarter profit of $187.8 million. The Atlanta-based company said it had net income of $9.87 per share. Earnings, adjusted for non-recurring gains, were $5.37 per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.68 per share. The auto dealership chain posted revenue of $4.11 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $4.39 billion. Asbury Automotive shares have fallen 14% since the beginning of the year. The stock has declined 11% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABG at https://www.zacks.com/ap/ABG

Revenue of $4.1 billion Gross Profit of $727 million Used Retail Gross Profit per Unit of $1,847, growth of 16% EPS of $9.87 per diluted share; adjusted EPS, a non-GAAP measure, of $5.37 per diluted share Net income of $188 million; adjusted net income, a non-GAAP measure, of $102 million Repurchased approximately 678,000 shares for $147 million Over 50% of stores converted to Tekion as of April 28, 2026 ATLANTA, April 28, 2026--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), one of the largest automotive retail and service companies in the U.S., reported first quarter 2026 net income of $188 million ($9.87 per diluted share), an increase of 42% from $132 million ($6.71 per diluted share) in first quarter 2025. The Company reported first quarter 2026 adjusted net income, a non-GAAP measure, of $102 million ($5.37 per diluted share), a decrease of 24% from $134 million ($6.82 per diluted share) in first quarter 2025. The Company also divested ten dealerships and terminated seven franchises during the first quarter 2026 as part of ongoing capital allocation and portfolio optimization efforts. The thirteen stores contributed an estimated annualized revenue of $625 million. The net proceeds from the ten divested stores were approximately $210 million. "We are making great strides towards meeting our strategic objectives, including the rollout of Tekion across our stores," said David Hult, Asbury’s President and Chief Executive Officer. "We continued to be disciplined within our capital allocation framework during the quarter. We took opportunities to optimize our portfolio at attractive multiples, utilizing the proceeds to both reduce our debt and return capital to our shareholders. While adverse weather and the expected learning curve associated with the adoption and integration of the new DMS occurred in the quarter, we believe the foundational investments we've made position us to drive meaningful efficiency gains and improved performance as we progress through the year." The financial measures discussed below include both GAAP and adjusted (non-GAAP) financial measures. Please see "Non-GAAP Financial Disclosure and Reconciliation, Same Store Data and Other Data" and the reconciliations for non-GAAP metrics used herein. Adjusted net income for first quarter 2026 excludes, net of tax, net gain on divestitures of $94 million ($4.96 p...

For the quarter ended March 2026, Asbury Automotive Group (ABG) reported revenue of $4.11 billion, down 0.9% over the same period last year. EPS came in at $5.37, compared to $6.82 in the year-ago quarter. The reported revenue represents a surprise of -6.41% over the Zacks Consensus Estimate of $4.39 billion. With the consensus EPS estimate being $5.68, the EPS surprise was -5.42%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Unit sales - New vehicle: 39,282 versus 43,060 estimated by two analysts on average. Unit sales - Used vehicle retail: 33,202 compared to the 35,250 average estimate based on two analysts. Average selling price - New vehicle: $53.48 billion compared to the $52.51 billion average estimate based on two analysts. Unit sales - Used vehicle retail - same store: 28,583 compared to the 32,758 average estimate based on two analysts. Average Gross profit per unit - Total new vehicle: $3.27 billion versus the two-analyst average estimate of $3.24 billion. Average Gross profit per unit - Used vehicle retail: $1.85 billion versus the two-analyst average estimate of $1.71 billion. Revenues- New vehicle: $2.1 billion versus the three-analyst average estimate of $2.25 billion. The reported number represents a year-over-year change of -1.7%. Revenues- Used vehicle: $1.21 billion versus $1.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change. Revenues- Used vehicle- Wholesale: $146.8 million versus $171.93 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.4% change. Revenues- Finance and insurance net: $179 million compared to the $199.83 million average estimate based on three analysts. The reported number represents a change of -4.3% year over year....

Asbury Automotive (ABG) reported Q1 adjusted earnings Tuesday of $5.37 per diluted share, compared w

Asbury Automotive Group (ABG) came out with quarterly earnings of $5.37 per share, missing the Zacks Consensus Estimate of $5.68 per share. This compares to earnings of $6.82 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.42%. A quarter ago, it was expected that this auto dealership chain would post earnings of $6.7 per share when it actually produced earnings of $6.67, delivering a surprise of -0.45%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $4.11 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 6.41%. This compares to year-ago revenues of $4.15 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Asbury Automotive shares have lost about 14% since the beginning of the year versus the S&P 500's gain of 4.8%. While Asbury Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Asbury Automotive was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the...