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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260709757672/en/
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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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
