ASBURY AUTOMOTIVE GROUP INC (ABG) Form 8-K — Oct 27, 2026
Asbury Automotive Group reported Q3 2026 revenue of $4.4 billion, down 8% year-over-year, with net income of $105 million ($5.84 diluted EPS), a 29% decline from $147 million ($7.52) in Q3 2025. Adjusted net income fell 21% to $111 million ($6.16 per diluted share), and adjusted SG&A as a percentage of gross profit deteriorated 319 bps to 67.4% as new vehicle unit volume and per-unit margins compressed. The company completed its company-wide Tekion DMS conversion in mid-October, converting 47 stores in Q3, with management citing 7% customer pay gross profit gains in its longest-tenured Tekion markets; Total Care Auto rollout was completed across all stores.
Key figures
- Eps
- 5.84
- Net Income
- 105.1
- Revenue Yoy
- -8%
- Cash Position
- 210 million (cash, short-term investments and floorplan offset, excl. $39 million TCA cash)
- Shares Outstanding
- 18.0 million diluted (Q3 2026 weighted average)
- F i pvr
- 2176
- Franchises
- 197
- Dealerships
- 155
- Adjusted eps
- 6.16
- Gross margin
- 16.6%
- Total liquidity
- $1.0 billion
- Operating margin
- 4.7%
- Collision centers
- 37
- Gross profit millions
- 731.5
- Ytd share repurchases
- approximately 1.35 million shares for $278 million
- Sga pct of gross profit
- 68.5%
- Adjusted operating margin
- 4.9%
- Tekion stores converted q3
- 47
- Adjusted ebitda ltm millions
- 909.6
- Adjusted net income millions
- 111
- New vehicle revenue millions
- 2293
- Remaining buyback authorization
- $322 million
- Adjusted sga pct of gross profit
- 67.4%
- New vehicle gross profit per unit
- 2949
- Transaction adjusted net leverage
- 3.5x
- Used retail gross profit per unit
- 1788
- Parts and service revenue millions
- 644
- Revolver and floorplan availability
- $821 million
AI analysis
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