Jun 2026 (Q2 FY26) — Jul 28, 2026
Asbury Automotive Group Q2 FY26 — Tekion Rollout Progress and Strategic Capital Allocation
Read the full callAsbury Automotive Group (ABG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Asbury Automotive Group earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,385 | +0.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.0 | −0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 115 | −25.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 14 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Tekion rollout completion | be done | Dec 2025 | we anticipate completion of the rollout by October of this year. | Delayed |
| Capital expenditures | approximately $250 million | Dec 2024 | still anticipate approximately $250 million in CapEx spend for the full year 2026. | On Track |
8 of ASBURY AUTOMOTIVE GROUP INC's 31 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 29 more targets are in the full ledger.
Claimed
- Tekion rollout reached 70% completion, with full implementation anticipated by October 2026.
- Mature Tekion markets (Koons, Georgia, Florida) demonstrated significant operational improvements in June, including a 12% increase in average units per salesperson and a 10% increase in dollar per technician.
- Used retail PVR saw a sequential increase of 5% to $1,927, indicating positive results from the new used vehicle strategy.
- Adjusted SG&A as a percentage of gross profit improved to 66% on an all-store basis (260 bps better than Q1) and 65.3% on a same-store basis.
- The company repurchased 7% of its 2025 ending share count in the first half of 2026, totaling $278 million.
Qualified
- New units were down 6% on a same-store basis, influenced by Tekion adaptation, Salento store inventory, and import volume drops.
- New PVRs were $3,896 on a same-store basis and $3,124 on an all-store basis, showing flattening sequential declines.
- Customer pay business was flat year-over-year, and overall parts and service gross profit was slightly down due to the ongoing Tekion transition.
- The noncash deferral headwind from Total Care Auto (TCA) negatively impacted adjusted EPS by $0.66 per share.
- The transaction adjusted net leverage ratio stood at 3.4x at quarter-end, above the target of 3.0x, due to strategic share buybacks.
Price
$169.94 −0.06% · −$0.11
Performance −30.3% 1Y
1Y: $243.74 on 17 Oct 2025 → $169.94. High $256.03 (9 Jan 2026), low $161.97 (14 Oct 2026).
- Previous close
- $170.05
- 52-week range
- $161.97 – $256.03
- One year
- −30.88%
Overview
- Symbol
- ABG
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 14 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Tekion rollout completion | be done | Dec 2025 | we anticipate completion of the rollout by October of this year. | Delayed |
| Capital expenditures | approximately $250 million | Dec 2024 | still anticipate approximately $250 million in CapEx spend for the full year 2026. | On Track |
Claimed
- Tekion rollout reached 70% completion, with full implementation anticipated by October 2026.
- Mature Tekion markets (Koons, Georgia, Florida) demonstrated significant operational improvements in June, including a 12% increase in average units per salesperson and a 10% increase in dollar per technician.
- Used retail PVR saw a sequential increase of 5% to $1,927, indicating positive results from the new used vehicle strategy.
- Adjusted SG&A as a percentage of gross profit improved to 66% on an all-store basis (260 bps better than Q1) and 65.3% on a same-store basis.
- The company repurchased 7% of its 2025 ending share count in the first half of 2026, totaling $278 million.
Qualified
- New units were down 6% on a same-store basis, influenced by Tekion adaptation, Salento store inventory, and import volume drops.
- New PVRs were $3,896 on a same-store basis and $3,124 on an all-store basis, showing flattening sequential declines.
- Customer pay business was flat year-over-year, and overall parts and service gross profit was slightly down due to the ongoing Tekion transition.
- The noncash deferral headwind from Total Care Auto (TCA) negatively impacted adjusted EPS by $0.66 per share.
- The transaction adjusted net leverage ratio stood at 3.4x at quarter-end, above the target of 3.0x, due to strategic share buybacks.
The full ledger
Open ASBURY AUTOMOTIVE GROUP INC’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Asbury Automotive Group Q1 FY26 — Tekion Transition and Strategic Portfolio Optimization
Read the full callEvery analysed call
Asbury Automotive Group earnings calls (ABG)
Financials
What the filings say
Net profit, year on year: −25% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,237 | 4,505 | 4,149 | 4,373 | 4,801 | 4,677 | 4,113 | 4,385 |
| Operating profit | 233 | 240 | 234 | 257 | 243 | 126 | 194 | 220 |
| Operating margin | 5.5% | 5.3% | 5.7% | 5.9% | 5.0% | 2.7% | 4.7% | 5.0% |
| Other income | -63 | -68 | -59 | -54 | -42 | -44 | 57 | -68 |
| Profit before tax | 170 | 172 | 175 | 204 | 200 | 83 | 251 | 151 |
| Tax rate | 25.6% | 25.0% | 24.7% | 25.0% | 26.5% | 27.5% | 25.1% | 24.3% |
| Net profit | 126 | 129 | 132 | 153 | 147 | 60 | 188 | 115 |
| EPS ($ per share) | 6.40 | — | 6.73 | 7.77 | 7.53 | — | 9.90 | 6.26 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Reserves | 923 | 1,095 | 1,349 | 1,881 | 2,610 | 2,962 | 3,219 | 3,616 |
| Total liabilities | 2,222 | 2,265 | 2,771 | 5,887 | 5,118 | 6,915 | 6,835 | 7,726 |
| Fixed assets | 886 | 910 | 956 | 1,990 | 1,941 | 2,316 | 2,551 | 3,070 |
| Investments | — | — | 0 | 11 | 5 | 6 | 14 | 1 |
| Total assets | 2,695 | 2,911 | 3,676 | 8,003 | 8,021 | 10,159 | 10,337 | 11,618 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 10 | 350 | 653 | 1,164 | 696 | 313 | 671 | 775 |
| Cash from investing | -150 | -228 | -821 | -3,917 | 465 | -1,678 | -137 | -1,457 |
| Cash from financing | 143 | -127 | 166 | 2,931 | -1,104 | 1,176 | -510 | 653 |
| Net cash flow | 4 | -5 | -2 | 178 | 56 | -190 | 24 | -29 |
| Capital expenditure | -40 | -58 | -2 | -82 | -108 | -142 | -146 | -19 |
| Free cash flow | -30 | 292 | 650 | 1,082 | 588 | 171 | 526 | 756 |
ABG revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Dealerships | 99% | 99% | 98% | 98% | 98% | 98% | 98% | 98% | +0.2% |
| TCA | — | — | 2% | 2% | 2% | 2% | 2% | 2% | +3.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ABG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| F&I PVR | $2,307Shifting to F&I We earned an F&I PVR of $2,307.Source: earnings call transcript | $2,214Moving to F&I We earned an F&I PVR of $2,214, and finally, in the second quarter, our total front-end yield per vehicle was $4,698.Source: earnings call transcript | -4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
73 filings between Nov 7, 2025 and Sep 14, 2026.
Open market
decisions to buy or sellPurchases
$1.16M
4 purchases by 2 insiders
Sales
$503.6K
2 sales by 1 insider
Compensation
not trading decisions- 24
- Award — granted as compensation
- 42
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hult David W | $1.03M | — | Mar 6, 2026 |
| Milstein Jed | — | $503.6K | Jul 29, 2026 |
| DiSantis B. Christopher | $129.8K | — | May 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | Reynolds-Dobbs Wendy SVP & CHRO | Award | 2,038 | $0 |
| Jul 29, 2026 | Milstein Jed SVP & CHRO | Sale | 948 | $237.3K |
| Jul 1, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 195 | $39.2K |
| May 20, 2026 | DiSantis B. Christopher Director | Purchase | 157 | $28.6K |
| May 4, 2026 | Clara Daniel Chief Executive Officer | Award | 4,532 | $0 |
| Mar 16, 2026 | Hult David W President & CEO | Gift | 5,085 | $0 |
| Mar 11, 2026 | DiSantis B. Christopher Director | Award | 843 | $0 |
| Mar 10, 2026 | DiSantis B. Christopher Director | Purchase | 500 | $101.2K |
| Mar 6, 2026 | Hult David W President & CEO | Purchase | 3,396 | $698.3K |
| Mar 6, 2026 | Hult David W President & CEO | Purchase | 1,604 | $328.4K |
| Mar 5, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Award | 254 | $0 |
| Mar 5, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 25 | $5.3K |
| Mar 5, 2026 | Calloway Dean SVP, General Counsel & Sec | Award | 2,038 | $0 |
| Mar 5, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 302 | $64.2K |
| Mar 5, 2026 | Welch Michael SVP & CFO | Award | 2,852 | $0 |
| Mar 5, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 302 | $64.2K |
| Mar 5, 2026 | Milstein Jed SVP & CHRO | Award | 2,038 | $0 |
| Mar 5, 2026 | Welch Michael SVP & CFO | Tax withheld | 423 | $89.9K |
| Mar 5, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 453 | $96.3K |
| Mar 5, 2026 | Clara Daniel Chief Operating Officer | Award | 3,056 | $0 |
| Mar 5, 2026 | Hult David W President & CEO | Award | 14,261 | $0 |
| Mar 5, 2026 | Hult David W President & CEO | Tax withheld | 2,113 | $449.0K |
| Feb 20, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 246 | $54.9K |
| Feb 20, 2026 | Welch Michael SVP & CFO | Tax withheld | 328 | $73.2K |
| Feb 20, 2026 | Welch Michael SVP & CFO | Tax withheld | 274 | $61.2K |
| Feb 20, 2026 | Hult David W President & CEO | Tax withheld | 1,967 | $439.1K |
| Feb 20, 2026 | Hult David W President & CEO | Tax withheld | 1,640 | $366.1K |
| Feb 20, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 103 | $23.0K |
| Feb 20, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 274 | $61.2K |
| Feb 20, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 296 | $66.1K |
| Feb 20, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 82 | $18.3K |
| Feb 20, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 28 | $6.2K |
| Feb 20, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 34 | $7.6K |
| Feb 20, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 328 | $73.2K |
| Feb 19, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 201 | $46.2K |
| Feb 19, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 26 | $6.0K |
| Feb 19, 2026 | Hult David W President & CEO | Tax withheld | 1,409 | $323.8K |
| Feb 19, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 302 | $69.4K |
| Feb 19, 2026 | Welch Michael SVP & CFO | Tax withheld | 282 | $64.8K |
| Feb 19, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 143 | $32.9K |
| Feb 14, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 119 | $27.3K |
| Feb 14, 2026 | Hult David W President & CEO | Tax withheld | 1,276 | $292.8K |
| Feb 14, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 310 | $71.1K |
| Feb 14, 2026 | Clara Daniel Chief Operating Officer | Tax withheld | 217 | $49.8K |
| Feb 14, 2026 | Milstein Jed SVP & CHRO | Tax withheld | 211 | $48.4K |
| Feb 14, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 31 | $7.1K |
| Feb 14, 2026 | Calloway Dean SVP, General Counsel & Sec | Tax withheld | 32 | $7.3K |
| Feb 14, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 31 | $7.1K |
| Feb 14, 2026 | Briesemeister Nathan Edward VP, Controller & CAO | Tax withheld | 32 | $7.3K |
| Feb 14, 2026 | Hult David W President & CEO | Tax withheld | 1,819 | $417.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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