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 record third quarter 2025 results: $4.8 billion revenue (+13%), $803 million gross profit (+12%), and GAAP EPS of $7.52 (+18%). Adjusted EPS was $7.17 (+13%).
Key operational items: same‑store revenue +5%, parts & service same‑store gross profit +7%, F&I per vehicle retailed of $2,182, repurchases of ~220,500 shares for $50 million, liquidity of $687 million, and transaction adjusted net leverage of 3.2x. Management cites Tekion rollout and the Herb Chambers acquisition integration.
Asbury Automotive Group (NYSE: ABG) will release Q3 2025 financial results before the market opens on Tuesday, October 28, 2025. A conference call is scheduled the same day at 10:00 a.m. Eastern Time and will be simulcast live at https://investors.asburyauto.com. A replay of the webcast will be available on the site for 30 days. Live audio access is available via domestic and international dial‑in; callers may join five to ten minutes before the call. Participants should use the provided passcode to access the line.
Asbury Automotive Group (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has been named to Newsweek's World's Most Trustworthy Companies 2025 list for the second consecutive year. The recognition is based on an extensive survey of over 65,000 participants across 23 industries in 20 countries.
The evaluation process included analysis of approximately 200,000 evaluations focusing on three key areas: Investor Trust, Customer Trust, and Employee Trust. Companies were also subject to social listening analysis examining sentiment across various media platforms. Only stock-listed companies with revenue exceeding $500 million USD were considered for this recognition.
Asbury Automotive Group (NYSE:ABG) announced that President and CEO David Hult will serve as a keynote speaker at the upcoming Automotive News Congress in Detroit on September 10-11, 2025.
The event will feature prominent industry leaders including GM CEO Mary Barra and Hyundai Executive Chair Euisun Chung. The congress will include facility tours at GM's Global Technical Center and recognition events for Automotive News Rising Stars and All-Stars Awards.
Asbury Automotive Group (NYSE:ABG) reported strong Q2 2025 results with revenue of $4.4 billion, up 3% year-over-year, and net income of $153 million ($7.76 per diluted share), a 443% increase from Q2 2024. The company achieved an all-time record Parts & Service gross profit of $355 million.
Notable developments include the completion of The Herb Chambers Automotive Group acquisition on July 21, 2025, adding approximately $3 billion in annual revenue. Additionally, Asbury divested nine stores between April-July 2025, generating net proceeds of $250-270 million as part of portfolio optimization efforts.
Key metrics show a 4% increase in new vehicle sales, though used vehicle retail unit volume decreased by 6%. The company maintained strong liquidity of $1.1 billion and a transaction adjusted net leverage ratio of 2.46x.
Asbury Automotive Group (NYSE:ABG) has completed the acquisition of The Herb Chambers Companies (HCC), marking a significant expansion into the Northeastern United States. The $1.45 billion transaction represents one of the largest deals in U.S. automotive retail history.
The acquisition includes 33 dealerships, 52 franchises, and three collision centers, with HCC generating $3.2 billion in revenue in 2024 and selling approximately 50,000 vehicles. The purchase price comprises $750 million for goodwill, $610 million for real estate and improvements, and $85 million for vehicles and assets, net of $375 million non-manufacturer floorplan.
Asbury funded the acquisition through credit facility capacity, mortgage proceeds, and cash, establishing a leading market presence in Massachusetts.
Asbury Automotive Group (NYSE:ABG), a leading automotive retail and service company in the U.S., has scheduled its second quarter 2025 financial results release for Tuesday, July 29, 2025, before market open. The company will host a conference call at 10:00 a.m. Eastern Time on the same day.
The conference call will be available via live webcast on the company's investor relations website at https://investors.asburyauto.com, with a replay accessible for 30 days. Participants can join the call using the domestic number (877) 407-2988 or international number +1 (201) 389-0923 with passcode 13754714.
Asbury Automotive Group (NYSE: ABG) has sold its Larry H. Miller Ford, Chevrolet, and CDJR dealerships in Provo, Utah to Salt Lake Valley Auto Group, with Kerrigan Advisors serving as the sell-side advisor. The divestiture is part of Asbury's strategy to optimize its brand mix, with these dealerships originally being part of Asbury's 2021 Larry H. Miller acquisition.
The transaction marks Kerrigan Advisors' 294th dealership sale since 2014, with over 130 franchises sold in the Western Region. The buyer, Salt Lake Valley Auto Group, owned by the Keyvani family, is a 4-store Utah dealership group established in 1983.
The deal's strategic importance is highlighted by Utah's strong market fundamentals: The state is the second fastest-growing in the West, with vehicle sales up 29% since 2020 and average dealership revenue exceeding the NADA average by 17%. Provo, specifically, ranks as the #1 mid-size metro for projected population growth through 2028, with its GDP reaching $45 billion in 2023, representing 70+% growth since 2017.