Welcome to our dedicated page for Asbury Automotive Group news (Ticker: ABG), a resource for investors and traders seeking the latest updates and insights on Asbury Automotive Group stock.
Asbury Automotive Group reports developments as a U.S. automotive retail and service company operating automobile dealerships and collision centers across 14 states. Company news commonly covers new- and used-vehicle sales, parts and service, finance and insurance products, quarterly operating results, and digital retail initiatives such as Clicklane and the Tekion dealer management system.
Updates also track portfolio management through dealership acquisitions and divestitures, capital allocation through share repurchase authorizations and leverage metrics, and governance changes including executive and board transitions. Asbury’s releases frequently frame performance around store mix, luxury and import brands, Total Care Auto products, liquidity, and dealership support operations.
Asbury Automotive Group (NYSE: ABG) reported second quarter 2026 revenue of $4.38 billion and gross profit of $753 million, with a gross margin of 17.2%. GAAP net income was $115 million, or $6.25 per diluted share, down 25% from second quarter 2025, while adjusted net income was $125 million, or $6.82 per diluted share, down 15% year over year.
Used retail gross profit per unit reached $2,002, a 16% increase. Parts and service revenue grew to $635 million with gross profit of $374 million. The company reported GAAP operating margin of 5.0% and adjusted operating margin of 5.3%. Asbury repurchased approximately 668,000 shares for $131 million in the quarter, leaving $322 million under its authorization, and ended June 30, 2026 with total liquidity of $966 million and a transaction adjusted net leverage ratio of 3.4x. Approximately 70% of stores were converted to the Tekion platform as of July 28, 2026.
Asbury Automotive Group (NYSE: ABG) has been named to the TIME America’s Best Companies 2026 list, developed with Statista. The ranking evaluates employee satisfaction, financial performance, and sustainability transparency. 1,000 top-scoring U.S. companies were honored, with the list released on July 9, 2026.
Asbury Automotive Group (NYSE:ABG) plans to release its second quarter 2026 financial results before the market opens on Tuesday, July 28, 2026.
The company will host a conference call at 10:00 a.m. ET, with live webcast and 30-day replay available on its investor relations website.
Asbury Automotive Group (NYSE:ABG) has released its 2025 Corporate Responsibility Report. The report highlights achievements and initiatives from the past year focused on reducing environmental impact, supporting local communities, investing in team members, and maintaining strong ethics and accountability across the organization.
Investors can access the full 2025 report at https://socialresponsibility.asburyauto.com/.
Asbury Automotive Group (NYSE: ABG) announced David Hult’s transition from CEO to Executive Chairman effective May 4, 2026, with Dan Clara named CEO. During Hult’s eight-year tenure the company reports that revenue more than doubled, share price tripled, and EPS nearly quadrupled.
Asbury cites a mid-teens aggregate net ROI from acquisitions, operations across 158 dealerships in 14 states, and technology investments including Clicklane and a migration to the Tekion DMS.
Asbury Automotive Group (NYSE: ABG) reported Q1 2026 revenue of $4.1 billion, gross profit of $727 million, and GAAP net income of $188 million ($9.87 diluted EPS), a 42% increase year-over-year. Adjusted net income was $102 million ($5.37 adjusted EPS), down 24% year-over-year.
The company repurchased ~678,000 shares for $147 million, divested ten dealerships and terminated seven franchises (estimated annualized revenue impact ~$625 million) with net proceeds of ~$210 million, and reported liquidity of $1.2 billion and transaction-adjusted net leverage of 3.2x.
Asbury Automotive Group (NYSE: ABG) celebrated the grand opening of its renovated Dealership Support Center in Sandy Springs on April 7, 2026. The facility at 6655 Peachtree Dunwoody Road offers modern workspaces, wellness rooms, an arcade-style game room, and an on-site café.
The renovation began in 2025 with teams occupying the building as early as November 2025. Asbury said the new center will bring 350 new jobs to Sandy Springs; Choate Construction led the renovation and Praxis3 provided architecture and design.
Asbury Automotive Group (NYSE: ABG) will release its first quarter 2026 financial results before market open on Tuesday, April 28, 2026.
The company will host a conference call the same day at 10:00 a.m. Eastern Time, with a live webcast at https://investors.asburyauto.com. A replay will be available on the site for 30 days. Dial-in details: Domestic (877) 407-2988; International +1 (201) 389-0923; Passcode 13759872.
Asbury Automotive Group (NYSE:ABG) sold three Greenville, South Carolina dealerships — Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville — including related real estate to RBM of Atlanta; the transaction closed on Feb. 23, 2026.
Asbury retains Toyota of Greenville and its collision center and says the sale is part of a broader portfolio management initiative to optimize its footprint while preserving shareholder value.
Asbury Automotive Group (NYSE: ABG) completed the sale of ten dealerships for approximately $210 million net proceeds and announced a $424 million increase to its share repurchase authorization, bringing total buyback availability to $500 million as of February 25, 2026.
The ten dealerships generated about $610 million annualized revenue; proceeds are intended to reduce leverage to below 3.0x and support further share repurchases.