Revenue: As of FY2025, the actual value is USD 18 B, missing the estimate of USD 18.19 B.EBIT: As of FY2025, the actual value is USD 1.048 B.<h3>Consolidated Financial Performance</h3>Asbury Automotive Group, Inc.’s total revenue for the year ended December 31, 2025, increased by 5% to $18.00 billion, up from $17.19 billion in 2024, primarily driven by the Herb Chambers acquisition and growth in parts and services gross profit, partially offset by lower new vehicle gross profit per vehicle sold . Consolidated gross profit also rose by 4% to $3.07 billion in 2025, compared to $2.95 billion in 2024 . Income from operations saw a 3% increase, reaching $860.6 million in 2025 from $835.6 million in 2024 . Net income grew by 14% to $492.0 million in 2025, compared to $430.3 million in 2024 . Selling, General and Administrative (SG&amp;A) expenses increased by 5% to $1,987.6 million in 2025 from $1,888.5 million in 2024 . Depreciation and amortization expenses increased by 10% to $82.4 million in 2025 from $75.0 million in 2024 . Asset impairment charges were $141.0 million in 2025, a -6% decrease from $149.5 million in 2024 . Total other expenses, net, decreased by -24% to $198.4 million in 2025 from $260.3 million in 2024 .<h4>Dealerships Segment</h4><h5>Revenue Categories</h5><ul><li>New Vehicle Revenue: Increased by 7% to $9,496.2 million in 2025 from $8,849.7 million in 2024 .<ul><li>Luxury new vehicle revenue increased by 15% to $3,041.5 million in 2025 from $2,654.8 million in 2024 .</li><li>Import new vehicle revenue increased by 5% to $3,800.6 million in 2025 from $3,623.5 million in 2024 .</li><li>Domestic new vehicle revenue increased by 3% to $2,654.0 million in 2025 from $2,571.5 million in 2024 .</li></ul></li><li>Used Vehicle Revenue: Increased to $5,225.4 million in 2025 from $5,218.2 million in 2024 .<ul><li>Used vehicle retail revenue decreased by -1% to $4,549.6 million in 2025 from $4,605.9 million in 2024 .</li><li>Used vehicle wholesale revenue increased by 10% to $675.7 million in 2025 from $612.3 million in 2024 .</li></ul></li><li>Parts and Service Revenue: Increased by 6% to $2,506.8 million in 2025 from $2,354.7 million in 2024 .<ul><li>Customer pay revenue increased by 8% to $781.6 million .</li><li>Warranty revenue increased by 19% to $226.4 million .</li><li>Collision revenue decreased by -2% to $126.4 million .</li><li>Wholesale parts revenue remained stable at $77.5 million .</li></ul></li><li>Finance and Insurance, net revenue: Increased by 1% to $770.6 million in 2025 from $766.0 million in 2024 .</li></ul><h5>Gross Profit Categories</h5><ul><li>New Vehicle Gross Profit: Decreased by -3% to $621.9 million in 2025 from $640.4 million in 2024 .<ul><li>Luxury new vehicle gross profit increased by 8% to $278.1 million .</li><li>Import new vehicle gross profit decreased by -9% to $215.8 million .</li><li>Domestic new vehicle gross profit decreased by -11% to $128.0 million .</li></ul></li><li>Used Vehicle Gross Profit: Increased by 6% to $259.1 million in 2025 from $245.4 million in 2024 .<ul><li>Used vehicle retail gross profit increased by 5% to $239.4 million .</li><li>Used vehicle wholesale gross profit increased by 17% to $19.7 million .</li></ul></li><li>Parts and Service Gross Profit: Increased by 9% to $1,472.5 million in 2025 from $1,351.2 million in 2024 .<ul><li>Customer pay gross profit increased by 10% to $781.6 million .</li><li>Warranty gross profit increased by 21% to $226.4 million .</li><li>Collision gross profit decreased by -2% to $126.4 million .</li><li>Wholesale parts gross profit remained stable at $77.5 million .</li></ul></li><li>Finance and Insurance, net gross profit: Increased by 1% to $718.1 million in 2025 from $711.6 million in 2024 .</li></ul><h5>Operational Metrics</h5><ul><li>New Vehicle Units Sold: Increased by 5% to 181,204 units in 2025 from 173,218 units in 2024 .</li><li>Revenue per New Vehicle Sold: Increased by 3% to $52,406 in 2025 from $51,090 in 2024 .</li><li>Gross Profit per New Vehicle Sold: Decreased by -7% to $3,432 in 2025 from $3,697 in 2024 .</li><li>New Vehicle Gross Margin: Decreased to 6.5% in 2025 from 7.2% in 2024 .</li><li>Used Vehicle Retail Units Sold: Decreased by -5% to 143,126 units in 2025 from 150,698 units in 2024 .</li><li>Revenue per Used Vehicle Retailed: Increased by 4% to $31,788 in 2025 from $30,564 in 2024 .</li><li>Gross Profit per Used Vehicle Retailed: Increased by 10% to $1,672 in 2025 from $1,517 in 2024 .</li><li>Used Vehicle Retail Gross Margin: Increased to 5.3% in 2025 from 5.0% in 2024 .</li><li>Parts and Service Gross Margin: Increased to 58.7% in 2025 from 57.4% in 2024 .</li><li>F&amp;I net per vehicle sold: Increased by 1% to $2,214 in 2025 from $2,197 in 2024 .</li></ul><h4>Total Care Auto (TCA) Segment</h4><ul><li>Finance and Insurance Revenue: Decreased by -24% to $91.1 million in 2025 from $120.6 million in 2024, primarily consisting of earned premiums and $20.7 million from the investment portfolio in 2025 .</li><li>Finance and Insurance Cost of Sales: Decreased by -3% to $52.5 million in 2025 from $54.4 million in 2024, primarily due to claims expense .</li><li>Finance and Insurance Gross Profit: Decreased by -42% to $38.6 million in 2025 from $66.2 million in 2024 .</li></ul><h4>Cash Flow and Financial Position</h4><ul><li>Adjusted Cash Flow from Operating Activities: Decreased to $651.4 million in 2025 from $688.4 million in 2024 .</li><li>Net Cash Used in Investing Activities: Totaled -$1.46 billion in 2025, compared to -$137.2 million in 2024 . This includes capital expenditures of $186.0 million (excluding real estate) and $19.3 million for real estate purchases in 2025 . The Herb Chambers acquisition contributed -$1.76 billion to investing activities . Proceeds from dealership divestitures were $566.5 million in 2025 .</li><li>Net Cash Provided by Financing Activities: Totaled $653.1 million in 2025, compared to -$510.3 million used in 2024 .</li><li>Total Debt: $3.59 billion as of December 31, 2025 .</li><li>Floor Plan Notes Payable, net: $2.03 billion as of December 31, 2025 .</li><li>Transaction-Adjusted Net Leverage Ratio: 3.2x as of December 31, 2025, compared to 2.9x as of December 31, 2024 .</li><li>Share Repurchases: Asbury Automotive Group, Inc. repurchased 432,752 shares for $99.9 million in 2025 . The company had $175.9 million remaining on its share repurchase authorization as of December 31, 2025 .</li><li>Impact of Interest Rate Changes: A 100 basis point increase in interest rates would increase annual interest expense by approximately $26.2 million based on variable interest rate debt as of December 31, 2025 .</li></ul><h4>Outlook / Guidance</h4>[Asbury 汽车集团] expects capital expenditures for 2026 to be approximately $250.0 million, allocated towards facility upgrades, new constructions, service capacity expansion, and technology investments . The company anticipates completing the rollout of TCA’s service offerings to all dealerships by offering TCA products on the Herb Chambers platform in 2026 . However, there is no assurance that this rollout will be completed within the contemplated timeframe .

Asbury Automotive | 10-K: FY2025 Revenue Misses Estimate at USD 18 B