Asbury Automotive Group Reports Third Quarter Results
Asbury Automotive reported Q3 2026 revenue of $4.4 billion, down 8% year-over-year, with GAAP net income of $105 million ($5.84 diluted EPS), a 29% decline from $147 million a year ago. Adjusted net income fell 21% to $111 million ($6.16 per diluted share), and SG&A as a percentage of gross profit worsened to 68.5% from 65.7%, reflecting volume and margin pressure across new and used vehicles.
Key figures
- Eps
- 5.84
- Revenue Yoy
- -8%
- Fi pvr
- 2176
- Liquidity
- $1.0 billion
- Net income
- 105100000
- Adjusted eps
- 6.16
- Gross margin
- 16.6%
- Gross profit
- 731500000
- Ytd buybacks
- $278 million (1.35 million shares)
- Net income yoy
- -29%
- Operating margin
- 4.7%
- Adjusted net income
- 111000000
- New vehicle revenue
- 2293000000
- Sga pct gross profit
- 68.5%
- Adjusted net income yoy
- -21%
- Adjusted operating margin
- 4.9%
- Parts and service revenue
- 644000000
- Adjusted sga pct gross profit
- 67.4%
- Remaining buyback authorization
- $322 million
- Transaction adjusted net leverage
- 3.5x
AI analysis
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