Revenue: As of FY2026 Q2, the actual value is USD 4.385 B, missing the estimate of USD 4.487 B.

EPS: As of FY2026 Q2, the actual value is USD 6.25, missing the estimate of USD 6.4407.

EBIT: As of FY2026 Q2, the actual value is USD 219.5 M.

Financial Highlights for Asbury Automotive Group, Inc.

Net Income

• Net income for the second quarter of 2026 was $115 million, representing a 25% decrease from $153 million in the second quarter of 2025.
• Adjusted net income, a non-GAAP measure, was $125 million, marking a 15% decrease from $146 million in the second quarter of 2025.
• For the six months ended June 30, 2026, net income was $302.4 million, a 6% increase from $284.9 million in the same period of 2025.

Gross Profit and Margins

• Total gross profit was $753 million, with a gross margin of 17.2% for the second quarter of 2026.
• New vehicle gross profit was $138.2 million, showing a -14% change compared to the second quarter of 2025, with a gross margin of 5.9%, which is a decrease of 101 basis points.
• Used vehicle retail gross profit was $66.2 million, a 6% increase compared to the second quarter of 2025, with a gross margin of 6.1%, an increase of 54 basis points.
• Parts and service gross profit increased by 5% to $374.2 million compared to the second quarter of 2025, with a gross margin of 59.0%.
• Finance and insurance gross profit was $171.4 million, a 2% increase compared to the second quarter of 2025.
• For the six months ended June 30, 2026, total gross profit was $1,480.0 million.

Operating Expenses and Profit

• Selling, General and Administrative (SG&A) expenses were $506.4 million, a 7% increase compared to the second quarter of 2025.
• SG&A as a percentage of gross profit was 67.2%, an increase of 401 basis points compared to the second quarter of 2025.
• Adjusted SG&A as a percentage of gross profit was 66.0%, an increase of 235 basis points compared to the second quarter of 2025.
• Income from operations was $219.5 million, representing a -15% change compared to the second quarter of 2025.
• Operating margin was 5.0%, a decrease of 88 basis points compared to the second quarter of 2025.
• Adjusted operating margin was 5.3%, a decrease of 50 basis points compared to the second quarter of 2025.
• For the six months ended June 30, 2026, income from operations was $413.4 million, a -16% change compared to the same period of 2025.

Cash Flow

• Adjusted cash flow provided by operating activities for the six months ended June 30, 2026, was $305.2 million, compared to $334.0 million for the same period in 2025.

Liquidity, Leverage, and Share Repurchases

• As of June 30, 2026, Asbury Automotive Group, Inc. had cash, short term investments, and floorplan offset accounts of $154 million (excluding $26 million of cash at Total Care Auto, Powered by Asbury), and availability under the used vehicle floorplan line and revolver of $812 million, totaling $966 million in liquidity.
• The transaction adjusted net leverage ratio was 3.4x at quarter end.
• Long-term debt (including current portion) was $3,457.6 million as of June 30, 2026.
• Floor plan notes payable was $1,839.4 million as of June 30, 2026.
• Asbury Automotive Group, Inc. repurchased approximately 668,000 shares for $131 million during the second quarter of 2026.
• Year-to-date through June 30, 2026, the company repurchased approximately 1.35 million shares for $278 million, with approximately $322 million remaining on its share repurchase authorization.

Operational Metrics

• Used Retail Gross Profit per Unit was $2,002, a 16% increase compared to the second quarter of 2025.
• Finance and insurance (F&I) per vehicle retailed (PVR) was $2,216, a 6% increase compared to the second quarter of 2025.
• New vehicle unit sales totaled 44,245.
• Used vehicle retail unit sales totaled 33,098, a -9% change compared to the second quarter of 2025.
• Average selling price for new vehicles was $52,666, a 2% increase, and for used vehicle retail was $33,054, a 6% increase, compared to the second quarter of 2025.
• Average gross profit per new vehicle unit was $3,124, a -13% change compared to the second quarter of 2025.
• As of July 28, 2026, 70% of stores were converted to Tekion.
• As of June 30, 2026, Asbury Automotive Group, Inc. operated 158 new vehicle dealerships, 202 franchises, and 37 collision repair centers.

Segment Reporting (Three Months Ended June 30, 2026)

• Dealerships Segment: Revenue from external customers was $4,302.4 million, and segment operating income was $196.9 million.
• Total Care Auto, Powered by Asbury (TCA) Segment: Revenue from external customers was $82.2 million, and segment operating income was $21.1 million.

Outlook / Guidance

Asbury Automotive Group, Inc. expects to complete the rollout of its Tekion implementation across its operations in the fall. The company anticipates this investment will deliver meaningful long-term value, enhance the guest experience, and equip teams with modern tools. Management is encouraged by operating improvements in converted stores and remains committed to its balanced capital allocation approach.