Asbury Automotive Group Reports First Quarter Results
Asbury Automotive reported Q1 2026 GAAP net income of $188 million, or $9.87 per share, a 47% increase from the prior year, largely due to a $94 million net gain on divestitures. However, adjusted net income decreased 24% to $102 million, or $5.37 per share, reflecting weather-related losses and costs associated with the Tekion DMS rollout. Total revenue dipped 1% year-over-year to $4.1 billion. The company actively optimized its portfolio by divesting ten dealerships and terminating seven franchises, generating $210 million in net proceeds.
Key figures
- Eps
- 9.87
- Revenue
- $4.1 billion
- Revenue Yoy
- -1%
- Net income
- 188000000
- Adjusted eps
- 5.37
- Buyback cost
- 147000000
- Gross profit
- 727000000
- Shares repurchased
- 678000
- Adjusted net income
- 102000000
AI analysis
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