Asbury Automotive Group reported results for the 2026 quarter with revenue essentially flat at $4.38B while net income and diluted EPS declined versus the prior-year quarter as margins shifted toward parts and service despite softer vehicle volumes.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$4.38B$4.37B0.3% | Net income²$114.6M$152.8M(25%) | Diluted EPS³$6.25$7.76(19.5%) |
¹ Reported as “Total Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Parts & service grew about 6% year-over-year, supporting overall revenue stability despite declines in new and used vehicle volumes.
- Used vehicle unit sales were down roughly 9% quarter-over-quarter on a same-store basis, but higher per-vehicle pricing and margins improved used profitability.
- Luxury and import brands contributed a larger share of revenue, with luxury unit growth offsetting domestic declines in the new-vehicle mix.
- Integration of the Herb Chambers dealerships (acquired in 2025) expanded parts/service volume and geographic footprint; rollout of TCA continued across the dealer network.
- An aging vehicle fleet (average age ~13 years) increased warranty and customer-pay service demand, lifting parts & service volumes and margins.
Original SEC Filing:
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