ASBURY AUTOMOTIVE GROUP INC (ABG) Form 8-K — Jul 28, 2026
Asbury Automotive Group reported second quarter 2026 net income of $115 million, a decrease of 25% from the prior year, with revenue flat at $4.4 billion. Adjusted net income fell 15% to $125 million, reflecting Tekion implementation expenses, asset impairments, and weather-related losses, while same-store revenue declined 7%. The company highlighted that 70% of its stores have been converted to the Tekion dealership management system, with full completion expected this fall. Gross profit per used retail unit grew 16% to $2,002, and parts and service revenue increased 6% year-over-year.
Key figures
- Eps
- 6.25
- Revenue
- 4.4 billion
- Net Income
- 115 million
- Adjusted EPS
- 6.82
- Gross Profit
- 753 million
- Adjusted Net Income
- 125 million
- Shares Repurchased
- 668,000
- Share Repurchase Amount
- 131 million
- Same Store Revenue Change
- -7%
- Used Retail Gross Profit Per Unit
- 2,002
Price after filing
Close on the filing date to close N calendar days later (from $222.14). Historical, not a forecast.
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