Jupiter Topco LLC acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,128 shares of the company’s stock, valued at approximately $1,635,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ABG. CIBC Asset Management Inc increased its holdings in Asbury Automotive Group by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,937 shares of the company’s stock valued at $450,000 after purchasing an additional 50 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Asbury Automotive Group by 69.2% in the second quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after buying an additional 54 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Asbury Automotive Group by 76.5% in the fourth quarter. Farther Finance Advisors LLC now owns 143 shares of the company’s stock valued at $33,000 after buying an additional 62 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Asbury Automotive Group by 0.8% in the second quarter. Lazard Asset Management LLC now owns 9,375 shares of the company’s stock valued at $2,236,000 after purchasing an additional 71 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Asbury Automotive Group by 2.0% in the 4th quarter. ProShare Advisors LLC now owns 3,777 shares of the company’s stock valued at $878,000 after buying an additional 74 shares during the last quarter.
Asbury Automotive Group Stock Performance ABG stock opened at $216.92 on Friday. Asbury Automotive Group, Inc. has a 12-month low of $172.01 and a 12-month high of $262.67. The stock’s 50 day simple moving average is $215.12 and its 200 day simple moving average is $205.04. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $3.89 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.83 and a beta of 0.71.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $6.82 EPS for the quarter, topping the consensus estimate of $6.31 by $0.51. Asbury Automotive Group had a return on equity of 12.72% and a net margin of 2.83%.The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the previous year, the company posted $7.43 earnings per share. Asbury Automotive Group’s revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Asbury Automotive Group, Inc. will post 26.43 earnings per share for the current fiscal year. Analyst Ratings Changes Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Asbury Automotive Group from $212.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on Asbury Automotive Group from $220.00 to $190.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Barclays boosted their target price on Asbury Automotive Group from $225.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Morgan Stanley raised their price target on shares of Asbury Automotive Group from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, UBS Group set a $250.00 price target on shares of Asbury Automotive Group in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $246.71.
Check Out Our Latest Research Report on Asbury Automotive Group
Insiders Place Their Bets In other Asbury Automotive Group news, SVP Jed Milstein sold 948 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $250.28, for a total transaction of $237,265.44. Following the completion of the sale, the senior vice president directly owned 11,259 shares of the company’s stock, valued at approximately $2,817,902.52. This represents a 7.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.
(Free Report)
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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Canada Pension Plan Investment Board bought a new position in Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,100 shares of the company’s stock, valued at approximately $1,026,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Asbury Automotive Group by 11.0% during the first quarter. AQR Capital Management LLC now owns 6,263 shares of the company’s stock valued at $1,383,000 after acquiring an additional 619 shares during the period. Goldman Sachs Group Inc. boosted its stake in Asbury Automotive Group by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 278,760 shares of the company’s stock worth $61,561,000 after purchasing an additional 91,767 shares during the period. United Services Automobile Association acquired a new position in Asbury Automotive Group in the 1st quarter worth approximately $265,000. Empowered Funds LLC grew its position in Asbury Automotive Group by 11.4% during the 1st quarter. Empowered Funds LLC now owns 7,639 shares of the company’s stock worth $1,687,000 after purchasing an additional 783 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Asbury Automotive Group by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,239 shares of the company’s stock worth $11,316,000 after purchasing an additional 1,676 shares in the last quarter.
Asbury Automotive Group Stock Down 0.2% Asbury Automotive Group stock opened at $211.11 on Tuesday. The firm has a market cap of $3.79 billion, a PE ratio of 7.89, a P/E/G ratio of 0.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.29 and a current ratio of 0.91. The firm’s 50 day moving average price is $214.31 and its two-hundred day moving average price is $205.37. Asbury Automotive Group, Inc. has a twelve month low of $172.01 and a twelve month high of $262.67.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $6.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.31 by $0.51. Asbury Automotive Group had a net margin of 2.83% and a return on equity of 12.72%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter last year, the business posted $7.43 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts predict that Asbury Automotive Group, Inc. will post 26.43 EPS for the current fiscal year. Insider Buying and Selling at Asbury Automotive Group In related news, SVP Jed Milstein sold 948 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $250.28, for a total transaction of $237,265.44. Following the completion of the sale, the senior vice president directly owned 11,259 shares in the company, valued at approximately $2,817,902.52. This trade represents a 7.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.75% of the company’s stock.
Analyst Ratings Changes Several analysts have issued reports on ABG shares. UBS Group set a $250.00 target price on shares of Asbury Automotive Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $220.00 to $190.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Stephens reiterated an “overweight” rating and set a $242.00 price target on shares of Asbury Automotive Group in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Asbury Automotive Group in a research note on Friday, July 24th. Finally, Citigroup raised their price objective on Asbury Automotive Group from $212.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Asbury Automotive Group presently has an average rating of “Hold” and a consensus target price of $246.71.
Get Our Latest Analysis on Asbury Automotive Group
(Free Report)
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“the Company”), one of the largest automotive retail and service companies in the U.S., is pleased to announce the appointment of Wendy Reynolds-Dobbs as Senior Vice President and Chief Human Resources Officer, effective September 14, 2026.
Dr. Reynolds-Dobbs joined Asbury in May 2022 and currently serves as the Company’s interim Chief Human Resources Officer and Vice President, Talent Development & Chief Culture Officer. Prior to joining Asbury, Dr. Reynolds-Dobbs served as Vice President and Chief Diversity, Equity & Inclusion Officer at Unisys Corporation, a publicly-traded global technology solutions company, from March 2021 to April 2022. From March 2017 to March 2021, she served as Vice President, Talent Management and Diversity & Inclusion at Change Healthcare, a publicly-traded healthcare technology company which was acquired by Optum, part of UnitedHealth Group, in October 2022. Dr. Reynolds-Dobbs also serves on the Board of Directors of North Fulton Community Charities. She holds a Ph.D. and M.S. from the University of Georgia and a B.A. from the University of California, San Diego.
“Since joining Asbury in 2022, Wendy has been a transformative leader and a driving force behind our culture, talent and team member experience,” said Daniel Clara, Asbury’s President and Chief Executive Officer. “Her leadership, passion and commitment to developing our people have made a meaningful impact across our organization. I am confident that under Wendy’s leadership, we will continue to strengthen our culture, unlock the full potential of our team members, and elevate the industry leading guest experience that differentiates Asbury.”
“At Asbury, our team members are central to our commitment to be the most guest-centric automotive retailer,” said Dr. Reynolds-Dobbs. “I am honored to lead our human resources function and to continue investing in the culture and talent development that make our North Star possible every day.”
The Company also announced a transition plan for Jed Milstein, who was with the Company for a decade, most recently serving as Senior Vice President and Chief Human Resources Officer. Under the plan, Mr. Milstein will provide consulting services through the end of 2026 to ensure a smooth and orderly transition.
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 operated 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, one of America’s Most Successful Small-Cap Companies by Forbes for 2026, and one of America's Best Companies 2026 by TIME.
For additional information, visit www.asburyauto.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, objectives, beliefs, expectations, assumptions, and future events or performance. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, our ability to successfully manage changes in officer and executive management, our ability to execute our strategic and operational strategies and initiatives, and other risk factors we identify in our filings with the U.S. Securities and Exchange Commission (the “SEC”).
These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the SEC from time to time, including Asbury’s most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
It has been about a month since the last earnings report for Asbury Automotive Group (ABG - Free Report) . Shares have lost about 15.5% 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 latest 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 Q2 Earnings Top ExpectationsAsbury reported second-quarter 2026 adjusted earnings of $6.82 per share, which declined 8.2% year over year but exceeded the Zacks Consensus Estimate of $6.30 by 8.25%. The bottom-line beat reflected stronger used-vehicle profitability despite weaker new-vehicle margins. Revenues of $4.38 billion rose 0.3% from the prior-year quarter but missed the consensus mark of $4.46 billion by 1.78%.
Revenue MixNew-vehicle revenues increased 1% year over year to $2.33 billion, while used retail revenues declined 3% to $1.09 billion. Wholesale used-vehicle revenues fell 9% to $141.9 million, leaving total used-vehicle revenues down 4% at $1.24 billion.
Parts and service revenues advanced 6% to $634.6 million, while finance and insurance revenues edged up 1% to $183.8 million. The revenue mix shifted modestly toward parts and service, which represented 14.5% of total revenues compared with 13.8% a year earlier.
Vehicle EconomicsNew-vehicle unit sales were nearly flat at 44,245 units. Luxury and import sales increased 6% and 5%, respectively, but domestic unit sales declined 15%. The average new-vehicle selling price rose 2% to $52,666. Despite the pricing gain, new-vehicle gross profit fell 14% to $138.2 million as gross profit per unit declined 13% to $3,124.
Used retail unit sales decreased 9% to 33,098, while the average selling price increased 6% to $33,054. Used retail gross profit rose 6% to $66.2 million, supported by the 16% improvement in gross profit per unit. Wholesale gross profit dropped 54% to $3.1 million.
Parts and service gross profit increased 5% to $374.2 million, making it the company’s largest gross profit contributor. Finance and insurance gross profit rose 2% to $171.4 million, with gross profit per vehicle retailed increasing 6% to $2,216.
Total gross profit was $753.1 million, essentially flat year over year, while gross margin remained at 17.2%.
Same-Store Operations Remain SoftSame-store revenues declined 7% to $3.76 billion, while same-store gross profit decreased 7% to $643.2 million.
New-vehicle unit sales fell 6% to 38,908, and used retail unit sales declined 14% to 28,821.
Same-store new-vehicle gross profit per unit dropped 18% to $2,896. In contrast, used retail gross profit per unit increased 10% to $1,927, and finance and insurance gross profit per vehicle retailed rose 5% to $2,214. Same-store parts and service gross profit declined 1% to $322.8 million.
Other TidbitsSelling, general and administrative expenses rose 7% to $506.4 million. Adjusted SG&A increased 4% to $496.7 million and represented 66% of gross profit, compared with 63.6% in the year-ago quarter.
Income from operations declined 15% to $219.5 million. Adjusted operating margin contracted to 5.3% from 5.8%, while adjusted EBITDA decreased to $234.8 million from $255.8 million. The results reflected higher expenses and weaker new-vehicle economics.
The company generated $305.2 million of adjusted operating cash flow during the first half of 2026 and reported adjusted free cash flow of $188 million. It ended June with $966 million of liquidity and a transaction-adjusted net leverage ratio of 3.4 times.
ABG repurchased about 668,000 shares for $131 million during the quarter. Year to date, it bought back roughly 1.35 million shares for $278 million, leaving approximately $322 million under its authorization.
Asbury Advances Its Tekion RolloutAsbury had converted 70% of its stores to the Tekion dealership management system as of July 28 and expects to complete the rollout in fall. Management noted stronger productivity, customer-pay performance, technician efficiency and sales effectiveness in markets that had used the platform for at least five months.
In June, the Koons, Georgia and Florida stores increased average units per salesperson by 12% and dollars per technician by 10%. Management expects the platform to support better operating efficiency and is targeting same-store adjusted SG&A as a percentage of gross profit in the low-60% range by the end of 2027.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 5.13% due to these changes.
VGM ScoresCurrently, Asbury Automotive has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Asbury Automotive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Investors in Asbury Automotive Group, Inc. (ABG - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug. 21, 2026 $200.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Asbury Automotive shares, but what is the fundamental picture for the company? Currently, Asbury Automotive is a Zacks Rank #3 (Hold) in the Automotive - Retail and Whole Sales industry that ranks in the Bottom 22% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from $6.78 per share to $6.82 in that period.
Given the way analysts feel about Asbury Automotive right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Key Takeaways Asbury beat Q2 earnings estimates as used-vehicle profitability offset weaker new-vehicle margins.Revenues rose 0.3% to $4.38 billion but missed estimates as total used-vehicle sales fell 4%.Tekion reached 70% of stores, with Asbury targeting low-60% same-store adjusted SG&A by end-2027. Asbury Automotive Group (ABG - Free Report) reported second-quarter 2026 adjusted earnings of $6.82 per share, which declined 8.2% year over year but exceeded the Zacks Consensus Estimate of $6.30 by 8.25%. The bottom-line beat reflected stronger used-vehicle profitability despite weaker new-vehicle margins. Revenues of $4.38 billion rose 0.3% from the prior-year quarter but missed the consensus mark of $4.46 billion by 1.78%.
ABG's Revenue MixNew-vehicle revenues increased 1% year over year to $2.33 billion, while used retail revenues declined 3% to $1.09 billion. Wholesale used-vehicle revenues fell 9% to $141.9 million, leaving total used-vehicle revenues down 4% at $1.24 billion.
Parts and service revenues advanced 6% to $634.6 million, while finance and insurance revenues edged up 1% to $183.8 million. The revenue mix shifted modestly toward parts and service, which represented 14.5% of total revenues compared with 13.8% a year earlier.
Asbury's Vehicle EconomicsNew-vehicle unit sales were nearly flat at 44,245 units. Luxury and import sales increased 6% and 5%, respectively, but domestic unit sales declined 15%. The average new-vehicle selling price rose 2% to $52,666. Despite the pricing gain, new-vehicle gross profit fell 14% to $138.2 million as gross profit per unit declined 13% to $3,124.
Used retail unit sales decreased 9% to 33,098, while the average selling price increased 6% to $33,054. Used retail gross profit rose 6% to $66.2 million, supported by the 16% improvement in gross profit per unit. Wholesale gross profit dropped 54% to $3.1 million.
Parts and service gross profit increased 5% to $374.2 million, making it the company’s largest gross profit contributor. Finance and insurance gross profit rose 2% to $171.4 million, with gross profit per vehicle retailed increasing 6% to $2,216.
Total gross profit was $753.1 million, essentially flat year over year, while gross margin remained at 17.2%.
ABG's Same-Store Operations Remain SoftSame-store revenues declined 7% to $3.76 billion, while same-store gross profit decreased 7% to $643.2 million.
New-vehicle unit sales fell 6% to 38,908, and used retail unit sales declined 14% to 28,821.
Same-store new-vehicle gross profit per unit dropped 18% to $2,896. In contrast, used retail gross profit per unit increased 10% to $1,927, and finance and insurance gross profit per vehicle retailed rose 5% to $2,214. Same-store parts and service gross profit declined 1% to $322.8 million.
Other TidbitsSelling, general and administrative expenses rose 7% to $506.4 million. Adjusted SG&A increased 4% to $496.7 million and represented 66% of gross profit, compared with 63.6% in the year-ago quarter.
Income from operations declined 15% to $219.5 million. Adjusted operating margin contracted to 5.3% from 5.8%, while adjusted EBITDA decreased to $234.8 million from $255.8 million. The results reflected higher expenses and weaker new-vehicle economics.
The company generated $305.2 million of adjusted operating cash flow during the first half of 2026 and reported adjusted free cash flow of $188 million. It ended June with $966 million of liquidity and a transaction-adjusted net leverage ratio of 3.4 times.
ABG repurchased about 668,000 shares for $131 million during the quarter. Year to date, it bought back roughly 1.35 million shares for $278 million, leaving approximately $322 million under its authorization.
Asbury currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Asbury Advances Its Tekion RolloutAsbury had converted 70% of its stores to the Tekion dealership management system as of July 28 and expects to complete the rollout in fall. Management noted stronger productivity, customer-pay performance, technician efficiency and sales effectiveness in markets that had used the platform for at least five months.
In June, the Koons, Georgia and Florida stores increased average units per salesperson by 12% and dollars per technician by 10%. Management expects the platform to support better operating efficiency and is targeting same-store adjusted SG&A as a percentage of gross profit in the low-60% range by the end of 2027.
Key Releases From the Auto SpaceGeneral Motors (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Genuine Parts (GPC - Free Report) reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash.
Asbury Automotive Group, Inc. (ABG) Q2 2026 Earnings Call July 28, 2026 10:00 AM EDT
Company Participants
Chris Reeves - VP of Finance & Treasurer
Dan Clara - CEO, President & Director
Michael Welch - Senior VP & CFO
Conference Call Participants
Jeffrey Lick - Stephens Inc., Research Division
Rajat Gupta - JPMorgan Chase & Co, Research Division
Alexander Perry - BofA Securities, Research Division
Robert Saltzman - UBS Investment Bank, Research Division
Daniela Haigian - Morgan Stanley, Research Division
John Babcock - Barclays Bank PLC, Research Division
David Whiston - Morningstar Inc., Research Division
Ryan Sigdahl - Craig-Hallum Capital Group LLC, Research Division
Presentation
Operator
Greetings, and welcome to the Asbury Automotive Group Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Chris Reeves, Vice President of Finance and Investor Relations. Thank you, sir. You may begin.
Chris Reeves
VP of Finance & Treasurer
Thanks, operator, and good morning. As noted, today's call is being recorded and will be available for replay later this afternoon. Welcome to Asbury Automotive Group's Second Quarter 2026 Earnings Call. The press release detailing Asbury's second quarter results was issued earlier this morning and is posted on our website at investors.asburyauto.com. Participating with me today are Dan Clara, our President and Chief Executive Officer; and Michael Welch, our Senior Vice President and Chief Financial Officer. At the conclusion of our remarks, we will open the call up for questions and will be available later today 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 is subject to significant uncertainties. For information regarding
Asbury Automotive Group (ABG - Free Report) came out with quarterly earnings of $6.82 per share, beating the Zacks Consensus Estimate of $6.3 per share. This compares to earnings of $7.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.25%. A quarter ago, it was expected that this auto dealership chain would post earnings of $5.68 per share when it actually produced earnings of $5.37, delivering a surprise of -5.46%.
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 $4.38 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.78%. This compares to year-ago revenues of $4.37 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 2.5% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Asbury Automotive?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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.72 on $4.65 billion in revenues for the coming quarter and $26.26 on $17.98 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Penske Automotive (PAG - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This auto dealership chain is expected to post quarterly earnings of $3.38 per share in its upcoming report, which represents a year-over-year change of -10.6%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Penske Automotive's revenues are expected to be $7.93 billion, up 3.4% from the year-ago quarter.
For the quarter ended June 2026, Asbury Automotive Group (ABG - Free Report) reported revenue of $4.38 billion, up 0.3% over the same period last year. EPS came in at $6.82, compared to $7.43 in the year-ago quarter.
The reported revenue represents a surprise of -1.78% over the Zacks Consensus Estimate of $4.46 billion. With the consensus EPS estimate being $6.30, the EPS surprise was +8.25%.
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: 44,245 compared to the 43,436 average estimate based on two analysts.Unit sales - Used vehicle retail: 33,098 versus the two-analyst average estimate of 34,389.Average selling price - New vehicle: $52.67 billion versus the two-analyst average estimate of $52.49 billion.Unit sales - Used vehicle retail - same store: 28,821 compared to the 33,068 average estimate based on two analysts.Average Gross profit per unit - Total new vehicle: $3.12 billion compared to the $3.11 billion average estimate based on two analysts.Average Gross profit per unit - Used vehicle retail: $2 billion versus $1.86 billion estimated by two analysts on average.Revenues- New vehicle: $2.33 billion compared to the $2.36 billion average estimate based on three analysts. The reported number represents a change of +1.1% year over year.Revenues- Used vehicle: $1.24 billion versus $1.27 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.Revenues- Used vehicle- Wholesale: $141.9 million versus the three-analyst average estimate of $153.24 million. The reported number represents a year-over-year change of -9.2%.Revenues- Finance and insurance net: $183.8 million versus the three-analyst average estimate of $175.36 million. The reported number represents a year-over-year change of +1%.Revenues- Used vehicle- Retail: $1.09 billion versus $1.12 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.Revenues- Parts and service: $634.6 million compared to the $652.82 million average estimate based on three analysts. The reported number represents a change of +5.5% year over year.View all Key Company Metrics for Asbury Automotive here>>>
Shares of Asbury Automotive have returned +12.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Asbury Automotive Group remains a "Strong Buy," trading at ~9x earnings despite resilient, less-cyclical profits driven by its parts & service business. Q2 EPS of $6.82 beat by $0.51, with flat revenue and stable gross profit, as M&A offset slower vehicle sales; luxury outperformed, and used margins improved. Parts & service, comprising half of gross profit, demonstrated stability despite modest growth, reinforcing the sustainability of ABG's earnings model.
Asbury Automotive Group NYSE: ABG reported second-quarter 2026 adjusted earnings per share of $6.82, as the dealership operator continued its transition to the Tekion dealership-management system and emphasized operational improvements, used-vehicle volume growth and share repurchases.
The company generated $4.4 billion in revenue, $753 million in gross profit and a 17.2% gross-profit margin during the quarter. Adjusted operating margin was 5.3%, while adjusted EBITDA totaled $235 million and adjusted net income was $125 million, Chief Financial Officer Michael Welch said.
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Welch said the quarter’s adjusted results excluded $4 million of net tax related to Tekion implementation expenses, $3 million of non-cash asset impairments, $2 million of weather-related losses and $1 million of duplicate dealership-management-system expenses. He also said Total Care Auto, or TCA, created a non-cash deferral headwind of $0.66 per share; excluding that impact, adjusted EPS would have been $7.48.
Tekion rollout passes 70% milestone President and Chief Executive Officer Dan Clara, speaking on his first earnings call as CEO, described 2026 as a transition year as Asbury completes the Tekion rollout across its stores. The company expects to finish the conversion by October, with about 30% of its store base remaining as of the call.
Clara said the conversion requires investment because Asbury is operating legacy systems while installing the new platform, but management expects the common system to produce efficiencies once stores have had time to adapt. Stores generally require five to six months after conversion before the company sees more significant operational benefits, he said.
In markets that have been on Tekion for at least five months, including Koons, Georgia and Florida, average units per salesperson increased 12% in June and dollars per technician rose 10%, Clara said. He later added that the Koons operations posted a 14.2% sequential increase in units per sales manager and a 15.2% increase in units per finance-and-insurance manager.
Management said Tekion helps reduce the need for technicians and service advisers to switch among multiple systems. The platform consolidates communications among advisers, technicians and parts departments, while also enabling faster delivery of photos and videos to customers regarding recommended work.
Welch said the company transitioned 13 stores in July and expects the third quarter to be a relatively heavy implementation period. Asbury intentionally slowed conversions in May after rolling out Herb Chambers operations in March and April, he said, because the acquired group was also adapting to the company’s standard processes and shared-service center.
Vehicle operations and fixed operations On a same-store basis, new-vehicle unit sales declined 6% in the quarter. New-vehicle profit per retail unit, or PVR, was $2,896 on a same-store basis and $3,124 on an all-store basis. Asbury ended the period with a 53-day new-vehicle supply.
Clara said the company saw a temporary sales disruption at stores converting to Tekion as sales staff adapted to the new system’s workflow for internet leads and follow-up, though recovery has been faster than in fixed operations. He also cited a 28% decline at Stellantis stores, as well as lower volumes at some import dealerships following the prior-year demand for electric vehicles before incentives expired.
Luxury new-vehicle volume declined 10%, imports were flat and domestic volume fell 16%, according to Clara. He said inventory is improving at luxury manufacturers and that Toyota’s supply of roughly 12 to 15 days supports healthy margins.
Used-vehicle retail PVR was $1,927, up 5% sequentially, while used-vehicle volume was effectively flat from the first quarter. Used-vehicle supply ended the quarter at 37 days, compared with 30 days previously, after the company purchased approximately 6,500 vehicles at auction during the quarter.
Management said it began shifting its used-car strategy in May toward higher volume while maintaining what it considers healthy PVRs. Clara expects year-over-year used-vehicle volume growth to begin in the fourth quarter. The company is seeking inventory through consumer purchases, off-lease vehicles, loaner fleets and selective auction purchases, while emphasizing the advantages of franchise dealerships in sourcing and certifying vehicles.
Customer-pay parts and service business was flat year over year, and total fixed-operations gross profit was slightly lower. However, total same-store fixed gross profit increased 4% in June, and Clara said July trends were similar. The company expects low- to mid-single-digit customer-pay growth in the third quarter.
Cost targets, cash flow and capital allocation Same-store adjusted selling, general and administrative expense was 65.3% of gross profit, while the all-store figure was 66%, a 260-basis-point improvement from the first quarter. Welch said Asbury expects gradual quarterly improvement despite continued rollout costs and sees a path to begin realizing savings late in 2026 and into 2027.
Clara said the company aims to reduce SG&A to the low-60% range of gross profit by the end of 2027 after the Tekion conversion is complete and efficiencies are realized. Asbury is also investing in artificial intelligence applications across operations and support functions, he said.
Year-to-date adjusted operating cash flow was $305 million, and adjusted free cash flow totaled $188 million through June. Excluding real-estate purchases, capital expenditures were $117 million in the first half, with full-year capital spending still expected to be about $250 million.
Liquidity at quarter-end was $966 million, excluding cash at TotalCare Auto. Transaction-adjusted net leverage was 3.4 times. Asbury repurchased 668,000 shares for $131 million in the second quarter. Year-to-date repurchases totaled 1.35 million shares for $278 million, equal to 7% of the company’s year-end 2025 share count. Welch said Asbury temporarily accepted higher leverage because management viewed the company’s shares as attractively valued. The company continues to target leverage of 3.0 times and expects to reach that level in early to mid-2027. Management said it continues to review acquisition opportunities but currently views share repurchases as offering a better return than the deals it has recently evaluated.
About Asbury Automotive Group (NYSE:ABG)Asbury Automotive Group, Inc NYSE: ABG is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported second quarter 2026 net income of $115 million ($6.25 per diluted share), a decrease of 25% from $153 million ($7.76 per diluted share) in second quarter 2025. The Company reported second quarter 2026 adjusted net income, a non-GAAP measure, of $125 million ($6.82 per diluted share), a decrease of 15% from $146 million ($7.43 per d.
Bank of New York Mellon Corp cut its stake in Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,644 shares of the company’s stock after selling 5,818 shares during the period. Bank of New York Mellon Corp owned 0.71% of Asbury Automotive Group worth $26,702,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Asbury Automotive Group during the fourth quarter valued at approximately $25,000. Quarry LP boosted its holdings in shares of Asbury Automotive Group by 319.2% during the 3rd quarter. Quarry LP now owns 109 shares of the company’s stock valued at $27,000 after buying an additional 83 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Asbury Automotive Group in the 4th quarter worth about $27,000. Bogart Wealth LLC grew its position in shares of Asbury Automotive Group by 52.4% in the 4th quarter. Bogart Wealth LLC now owns 128 shares of the company’s stock worth $30,000 after buying an additional 44 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Asbury Automotive Group by 76.0% in the 4th quarter. Salomon & Ludwin LLC now owns 132 shares of the company’s stock worth $32,000 after acquiring an additional 57 shares in the last quarter.
Asbury Automotive Group Trading Up 0.9% Shares of NYSE:ABG opened at $227.30 on Tuesday. The company has a market cap of $4.23 billion, a P/E ratio of 8.05, a PEG ratio of 1.30 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.29. Asbury Automotive Group, Inc. has a 1 year low of $172.01 and a 1 year high of $263.38. The stock’s fifty day moving average price is $201.83 and its 200-day moving average price is $209.52.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $5.37 EPS for the quarter, missing the consensus estimate of $5.62 by ($0.25). Asbury Automotive Group had a net margin of 3.05% and a return on equity of 13.39%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business earned $6.82 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts expect that Asbury Automotive Group, Inc. will post 26.26 earnings per share for the current year.
Insider Transactions at Asbury Automotive Group In related news, Director B. Christopher Disantis purchased 157 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $182.31 per share, with a total value of $28,622.67. Following the acquisition, the director directly owned 6,400 shares in the company, valued at $1,166,784. The trade was a 2.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.
Wall Street Analysts Forecast Growth ABG has been the subject of a number of analyst reports. Morgan Stanley set a $220.00 target price on shares of Asbury Automotive Group in a research note on Thursday, May 7th. Weiss Ratings cut Asbury Automotive Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, April 29th. UBS Group upped their price target on Asbury Automotive Group from $202.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Citigroup reduced their price objective on Asbury Automotive Group from $260.00 to $212.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Asbury Automotive Group from $235.00 to $220.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $233.12.
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Asbury Automotive Group Company Profile (Free Report)
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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Wall Street expects a year-over-year decline in earnings on higher revenues when Asbury Automotive Group (ABG - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis auto dealership chain is expected to post quarterly earnings of $6.30 per share in its upcoming report, which represents a year-over-year change of -15.2%.
Revenues are expected to be $4.46 billion, up 2.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.88% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Asbury Automotive?For Asbury Automotive, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.46%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Asbury Automotive will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Asbury Automotive would post earnings of $5.68 per share when it actually produced earnings of $5.37, delivering a surprise of -5.46%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Asbury Automotive doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S, is proud to be recognized on TIME’s list of America’s Best Companies 2026. This prestigious award is presented in collaboration with Statista, one of the world’s leading statistics portal and industry ranking provider.
“We are honored to be recognized by TIME,” said Dan Clara, Asbury’s President and Chief Executive Officer. “This recognition is a testament to the dedication, passion, and unwavering commitment of our team members, who go above and beyond every day to deliver exceptional experiences for our guests and support one another. We are grateful for this honor and remain focused on advancing our mission to become the most guest-centric automotive retailer.”
TIME and Statista identified America’s Best Companies 2026 based on three primary dimensions:
Employee Satisfaction – Based on survey data from ~217,000 verified employees at U.S. companies over the past three years, covering company recommendations and employer ratings across image, atmosphere, working conditions, salary, workplace, and equality. Financial Performance – Drawn from Statista's revenue database (last five years). Companies needed at least US $100 million in revenue in 2025. Performance was assessed on multiple metrics: short-term (2023–2025) and long-term (2021–2025) revenue growth (relative and absolute), changes in net income, asset growth, and the evolution of return on assets (ROA). Sustainability Transparency – Based on an Environmental, Social, and Governance (ESG) index from Statista's ESG Database and additional research, covering: Environmental: 2024 carbon emissions intensity, reduction rate vs. 2022, and Carbon Disclosure Project (CDP) score Social: share of women on the board and existence of a human rights policy Governance: presence of a Global Reporting Initiative (GRI) aligned Corporate Responsibility Report and a compliance/anti-corruption policy The 1000 highest-scoring companies were recognized by TIME as America’s Best Companies 2026.
The award list was announced on July 9, 2026, and can be viewed on TIME.com.
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. Asbury presently 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, one of America’s Most Successful Small-Cap Companies by Forbes for 2026, and one of America’s Best Companies 2026 by TIME.
For additional information, visit www.asburyauto.com.
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Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S, is proud to be recognized on TIME's list of America's Best Companies 2026. This prestigious award is presented in collaboration with Statista, one of the world's leading statistics portal and industry ranking provider. “We are honored to be recognized by TIME,” said Dan Clara, Asbury's President and Chief Executive Officer. “This recognition is a testament.
Okay. Good morning, all, and a warm welcome to ABG Sundal Colliers Q2 Results Presentation. I will shortly walk you through our performance during the second quarter. But before I do that, I'd like to mention that we will, as usual, have a Q&A session after the presentation. And you want to raise a question, please use the Q&A function in teams, and I will answer all questions you might have in turn.
Okay. It's difficult to be anything than pleased with our performance in the second quarter. We have delivered our second strongest Q2 revenue number in our history, growing our top line by 27% in the quarter year-on-year. The top line growth has been achieved with good contribution across geographies, strong growth in Sweden coupled with stellar performance in Denmark, Denmark delivering its strongest quarter ever, highlighting the enhanced position as the #1 adviser in Denmark, post the acquisition of FIH Partners.
From a Product perspective, the biggest contributor to the strong top line growth was our Corporate Finance operations. On Private Banking, we are pleased with the reception of our services, good growth of customers and assets under management with committed capital above SEK 2 billion, supported by the fact that we have delivered a strong performance in our discretionary portfolios outperforming all relevant indices.
And finally, before digging deeper into the numbers and our performance in the quarter, as announced today, I have decided to step down as CEO effective from September 1, after more than 7 years in this position. It has been an extraordinary journey, and I'm grateful to all of our employees, partners, clients
ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has published its 2025 Corporate Responsibility Report.
The report outlines key achievements and initiatives from the past year, including efforts to reduce environmental impact, support local communities, invest in team members, and uphold high standards of ethics and accountability across the organization.
“Asbury remains committed to integrating our social responsibility initiatives into the core of our operations,” stated Asbury President & Chief Executive Officer Daniel Clara. “I am proud of the progress we continue to make, which strengthens our role as responsible corporate citizens for the environment, our team members, and the communities we serve.”
To view the Company’s 2025 report, visit https://socialresponsibility.asburyauto.com/.
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. Asbury presently 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.
On Feb. 17, 2026, 13D Management LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold its entire stake in Asbury Automotive Group (ABG 0.93%) in the fourth quarter of 2025.
What happenedAccording to its SEC filing dated Feb. 17, 2026, 13D Management LLC reported zero shares held in Asbury Automotive Group during the fourth quarter. The fund previously disclosed a position worth $5.2 million at the end of the third quarter, based on market closing prices and 21,337 shares held.
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197.63
What else to know13D Management LLC sold out of Asbury Automotive Group, eliminating its 5.0% allocation of its assets under management (AUM) in the previous quarter.Top holdings after the filing:NYSE:TWLO: $8.6 million (approximately 10.3% of AUM)NASDAQ:MRCY: $7.5 million (approximately 9.0% of AUM)NASDAQ:VSAT: $6.9 million (approximately 8.3% of AUM)NYSE:ALV: $6.6 million (approximately 7.9% of AUM)NYSE:PSO: $6.4 million (approximately 7.6% of AUM)As of Feb. 16, 2026, ABG shares were priced at $229.44, down 24.4% over the past year and underperforming the S&P 500 by 36.2 percentage points.Fund reported 16 U.S. equity positions totaling $84 million in reportable assets after the quarter.Fund’s overall AUM declined by 19% quarter over quarter, indicating broader portfolio downsizing and market price changes.Company overviewMetricValueRevenue (TTM)$18.00 billionNet income (TTM)$492.00 millionMarket capitalization$4.46 billionPrice (as of market close 2/13/26)$229.44Company snapshotOffers new and used vehicles, vehicle repair and maintenance, replacement parts, collision repair, and a range of finance and insurance products.Generates revenue primarily through automotive sales and after-sales services, complemented by financing and aftermarket product commissions.Serves retail consumers across the United States through a network of dealership locations and collision centers.Asbury Automotive Group, Inc. is one of the largest automotive retailers in the United States, operating over 150 dealership locations and multiple collision centers. The company leverages a diversified portfolio of automotive brands and comprehensive service offerings to drive consistent revenue streams.
What this transaction means for investorsAsbury Automotive has had a solid stretch of growth over the past two years. The stock rose, reflecting positive revenue and earnings growth last year. But 13D Management may see better opportunities elsewhere, given the stock’s higher valuation.
13D oversees a highly concentrated portfolio of stocks. The stock looks cheap at a price-to-earnings multiple of 7, but auto retail stocks have historically traded at discounts to the average stock.
Moreover, the higher average cost of new vehicles could pressure demand and margins in the near term. Factors like severe weather in certain markets and a pullback in consumer spending on parts and service may make it more difficult to drive sales.
It’s unclear why 13D Management sold its position. But the stock’s higher valuation amid uncertainties with the economy and consumer spending could limit near-term upside for investors.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Twilio. The Motley Fool recommends Pearson Plc. The Motley Fool has a disclosure policy.
Asbury Automotive Group, Inc. (NYSE: ABG - Get Free Report) has received a consensus rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The
SG Americas Securities LLC lifted its position in Asbury Automotive Group, Inc. (NYSE:ABG – Free Report) by 1,570.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,086 shares of the company’s stock after purchasing an additional 8,542 shares during the period. SG Americas Securities LLC’s holdings in Asbury Automotive Group were worth $2,113,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Eminence Capital LP increased its holdings in Asbury Automotive Group by 36.0% during the 2nd quarter. Eminence Capital LP now owns 1,002,160 shares of the company’s stock valued at $239,055,000 after purchasing an additional 265,539 shares during the period. Woodline Partners LP bought a new stake in shares of Asbury Automotive Group in the 3rd quarter worth approximately $32,684,000. Thrivent Financial for Lutherans grew its position in shares of Asbury Automotive Group by 545.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 143,388 shares of the company’s stock worth $35,051,000 after buying an additional 121,183 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Asbury Automotive Group by 261.7% during the third quarter. American Century Companies Inc. now owns 159,645 shares of the company’s stock valued at $39,025,000 after buying an additional 115,504 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Asbury Automotive Group by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 278,760 shares of the company’s stock valued at $61,561,000 after buying an additional 91,767 shares during the period.
Asbury Automotive Group Price Performance ABG opened at $194.77 on Friday. The firm has a market cap of $3.76 billion, a PE ratio of 7.76 and a beta of 0.80. The stock has a 50-day moving average price of $213.05 and a 200-day moving average price of $229.68. Asbury Automotive Group, Inc. has a 1 year low of $184.61 and a 1 year high of $274.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.35.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $6.67 EPS for the quarter, missing the consensus estimate of $6.70 by ($0.03). The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Asbury Automotive Group had a net margin of 2.73% and a return on equity of 14.51%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $7.26 earnings per share. Sell-side analysts predict that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.
Insider Activity at Asbury Automotive Group In other news, Director B. Christopher Disantis purchased 500 shares of Asbury Automotive Group stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $202.30 per share, with a total value of $101,150.00. Following the completion of the transaction, the director directly owned 5,400 shares of the company’s stock, valued at approximately $1,092,420. The trade was a 10.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.59% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on the stock. Barclays cut their target price on shares of Asbury Automotive Group from $250.00 to $230.00 and set a “reduce” rating on the stock in a research note on Friday, February 6th. Bank of America initiated coverage on shares of Asbury Automotive Group in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their price objective on Asbury Automotive Group from $235.00 to $240.00 and gave the company an “underweight” rating in a research report on Friday, March 20th. Weiss Ratings downgraded Asbury Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. Finally, Morgan Stanley set a $230.00 target price on Asbury Automotive Group in a research report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $248.29.
Check Out Our Latest Analysis on ABG
About Asbury Automotive Group (Free Report)
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the United States, today celebrated the grand opening of the Company's state-of-the-art Dealership Support Center. Renovation on the new Dealership Support Center, located at 6655 Peachtree Dunwoody Road, in the heart of Sandy Springs, began in 2025 with corporate team members working from the building as early as November 2025. The renovated propert.
Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gabriel Holding A/S has entered a market maker agreement with ABG Sundal Collier ASA effective 24 April 2026. The purpose of the Liquidity Provider scheme is to create liquidity on Nasdaq Copenhagen in the listed share and can be summarized as follows:
ATLANTA--(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 dil.
Asbury Automotive Group (ABG - Free Report) 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%.
What's Next for Asbury Automotive?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 complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.31 on $4.73 billion in revenues for the coming quarter and $26.52 on $18.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sonic Automotive (SAH - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This auto dealer is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -1.4%. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level.
Sonic Automotive's revenues are expected to be $3.74 billion, up 2.5% from the year-ago quarter.
The headline numbers for Asbury Automotive (ABG) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced the formal transition of David Hult from CEO to Executive Chairman effective May 4th, 2026. “During his tenure, David Hult led Asbury through the largest period of growth in the company's history,” said Tom Reddin, Asbury's Non-Executive Chairman. “Asbury's revenue more than doubled, share price tripled, and earnings per share nea.
GoodHaven Capital Management disclosed in a May 12, 2026, SEC filing that it bought 17,163 shares of Asbury Automotive Group (ABG 0.93%), an estimated $3.81 million trade based on quarterly average pricing.
What happenedAccording to a May 12, 2026, SEC filing, GoodHaven Capital Management increased its position in Asbury Automotive Group by 17,163 shares. The estimated value of the buy was $3.81 million, calculated using the average closing price for the first quarter of 2026. The fund's quarter-end position in Asbury Automotive Group was valued at $8.55 million, up $2.37 million from the previous quarter, reflecting both new purchases and price changes.
What else to knowThis was a buy, bringing the stake to 2.98% of 13F AUM after the quarter-end.Top holdings after the filing:NYSE: BRK-B: $58.64 million (21.0% of AUM)NASDAQ: GOOGL: $36.86 million (13.2% of AUM)NYSE: DVN: $22.87 million (8.2% of AUM)NYSE: BAC: $20.64 million (7.4% of AUM)NYSE: JEF: $18.36 million (6.6% of AUM)As of May 11, 2026, ABG shares were priced at $197.49, down about 17% and significantly underperforming the S&P 500, which is instead up about 26% in the same period.Company overviewMetricValueRevenue (TTM)$18.00 billionNet Income (TTM)$492.00 millionPrice (as of market close 2026-05-11)$197.491-Year Price Change(17%)Company snapshotAsbury Automotive offers new and used vehicles, vehicle repair and maintenance, replacement parts, collision repair, and finance and insurance products.The firm generates revenue primarily through automotive sales and after-sales services, including arranging third-party vehicle financing and selling aftermarket products.It serves retail automotive customers across the United States through a network of dealership locations and collision centers.Asbury Automotive Group, Inc. is a leading automotive retailer in the United States, operating a broad network of dealerships and collision centers. The company leverages a diversified portfolio of automotive brands and comprehensive service offerings to drive revenue and customer retention. Asbury's integrated business model and focus on both vehicle sales and high-margin after-sales services help sustain its competitive positioning within the auto dealership industry.
What this transaction means for investorsAuto dealership stocks have cooled significantly after several boom years (Lithia Motors is down 14% this past year; AutoNation is up just 4%), but GoodHaven appears to be leaning into the pullback with Asbury rather than avoiding it.
Importantly, Asbury’s latest results, reported late last month, were far from disastrous. First-quarter revenue fell 1% but still topped $4.1 billion, while gross profit reached $727 million. Used vehicle retail gross profit per unit jumped 16% to $1,847, showing the company is still finding ways to protect margins even as sales volumes soften.
Management also continued aggressively returning capital to shareholders, repurchasing roughly 678,000 shares for $147 million during the quarter while expanding its buyback authorization to $500 million. Meanwhile, the company generated $188 million in net income and maintained roughly $1.2 billion in liquidity.
Ultimately and perhaps unsurprisingly, the story here will likely come down to execution. Asbury is actively reshaping its dealership portfolio, rolling out Tekion technology across more than half its stores, and focusing more heavily on higher-margin service and financing revenue streams. If management can stabilize margins while demand normalizes, the recent stock weakness could eventually look more like a cyclical reset than a broken business.
Bank of America is an advertising partner of Motley Fool Money. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Berkshire Hathaway, and Jefferies Financial Group. The Motley Fool has a disclosure policy.
On May 29, 2026, Asbury Automotive Group Inc (ABG) shares fell 3.6% to a current price of $187.71. This decline continues a downward trend, with the stock down
