Asbury Automotive Group, Inc. (ABG) Earnings
Asbury Automotive Group, Inc. is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $6.46. ABG has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +2.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $5.62 | $5.37 | -4.4% | $4.1B | -6.0% |
| Feb 5, 2026 | $6.70 | $6.67 | -0.4% | $4.7B | -2.9% |
| Oct 28, 2025 | $6.82 | $7.17 | +5.1% | $4.8B | -0.9% |
| Jul 29, 2025 | $6.82 | $7.43 | +8.9% | $4.4B | -3.1% |
| Jan 30, 2025 | $6.07 | $7.26 | +19.6% | $4.5B | +9.3% |
| Aug 2, 2024 | $7.31 | $6.40 | -12.4% | $4.2B | -1.5% |
| Apr 25, 2024 | $7.76 | $7.21 | -7.1% | $4.2B | -1.5% |
| Feb 8, 2024 | $7.74 | $7.12 | -8.0% | $3.8B | +4.0% |
| Jul 25, 2023 | $8.24 | $8.95 | +8.6% | $3.7B | -0.2% |
| Feb 2, 2023 | $8.23 | $9.12 | +10.8% | $3.7B | -3.9% |
| Oct 27, 2022 | $9.22 | $9.23 | +0.1% | $3.9B | -2.2% |
| Jul 28, 2022 | $8.82 | $10.04 | +13.8% | $4.0B | +1.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Optimized portfolio and migrated over 50% of stores to Techion, anticipating full conversion by fall 2026 and to realize cost and efficiency benefits then. First and second quarters are peak in store transition, with elevated integration costs and operational disruption. - Made capital allocation decisions: divested 10 dealerships and a collision center with ~$600 million annualized revenue, used $147 million of proceeds to repurchase shares and reduce debt. - First quarter operational performance: Consumer demand moderated, weather was a factor, new vehicle volumes down but per-unit profit held up; used vehicle PVRs up; parts and service challenged but expected mid-single-digit growth. - Techion conversion example: Coons dealerships in March had 21% year-over-year growth in gross dollars per technician and 16% growth in average productivity per service advisor, with support costs down 5%. - Divested 10 dealerships and terminated 7 franchises, including exiting Alfa Romeo and Maserati brands, with ~$625 million annualized revenue. - Adjusted same-store SG&A in March was in the low 60s, expected to be in mid-60s range without weather headwinds; short-term frictional costs with DMS conversion, but teams embracing new platform. - Generated $166 million in operating cash flow and $120 million in adjusted free cash flow in first quarter, ended with $1.2 billion in liquidity.
Guidance
- Anticipates full conversion to Techion by fall 2026 and to start realizing cost and efficiency benefits then. - First and second quarters are peak in store transition with elevated costs and disruption. - Used vehicle pool expected to increase through year aided by lease return activity. - Plans to implement PCA in Chamber stores by year-end to complete rollout across all platforms. - Full-year 2026 effective tax rate expected to be approximately 25%.
Segment performance
New vehicle volumes were down, but gross profit per unit held up well. On an all-store basis, new vehicle PVRs were down just $73 sequentially and $177 year-over-year. Used vehicle PVRs on an all-store basis was $1,847, up sequentially 5% and 16% year over year. Parts and service had a more challenging quarter due to factors like weather, cautious consumers, and temporary disruption from DMS transition, but still expected fixed operations gross profit to grow at mid-single-digit rate over time. Consolidated results: Generated $4.1 billion in revenue, had a gross profit of $727 million, a gross profit margin of 17.7 percent, an adjusted operating margin of 5%, adjusted earnings per share of $5.37, and adjusted EBITDA of $207 million.
Risks & headwinds
- Weather can impact business, such as significant impact on new vehicle and fixed operations in first quarter. - Short-term costs and operational disruption associated with Techion conversion. - Geopolitical events may impact consumer behavior and new vehicle sales. - Stellantis-related factors can affect domestic segment gross profit. - Warranty business is affected by OEMs and is outside of control to some extent.
Analyst Q&A
Q: Jeff Lick asked about state of union for 2Q, new and used vehicles, and parts and service.
A: Dan and David responded on weather impact, SG&A trend, Techion benefits, new and used vehicle trends, and parts and service outlook. -
Q: Rajat Gupta asked about breaking down same-store decline in new and used vehicles.
A: Dan responded on weather impact, Techion conversion impact on units. -
Q: Glenn Chin asked about Techion impact contour, implementation cost timeline, and parts and service consumer hesitation.
A: Dan and others responded on Techion impact timeline, implementation cost timeline, and parts and service consumer situation. -
Q: Alex Perry asked about new vehicle demand, mix, and parts and service rebound.
A: Dan responded on new vehicle demand, mix, and parts and service rebound factors. -
Q: John Babcock asked about Herb Chambers integration, Techion in Chamber, GPU trends, and April stock buybacks.
A: Dan responded on Herb Chambers integration, Techion in Chamber plan, GPU trends, and stock buyback disclosure. -
Q: Brett Jordan asked about Stellantis trend and parts and service warranty trend.
A: Dan responded on Stellantis trend and parts and service warranty situation. -
Q: Matthew Robb asked about new GPU stability and expectations.
A: Dan responded on new GPU stability and expectations.