Oct 27, 7:02 AM ET
Asbury Automotive reported third quarter 2026 results with total revenue of $4.4 billion, down 8% from a year earlier, and net income of $105 million, down 29%. Diluted EPS fell to $5.84 from $7.52, and adjusted diluted EPS was $6.16 versus $7.17, so shareholders received lower per-share earnings on lower revenue, with the company citing completion of its Tekion system conversion.
- Total revenue of $4.4 billion, down 8% from $4.8 billion in Q3 2025
- Net income of $105 million versus $147 million; diluted EPS $5.84 versus $7.52
- Adjusted diluted EPS of $6.16 versus $7.17 a year earlier (non-GAAP)
- Year-to-date share repurchases of about $278 million; about $322 million remained on the authorization as of September 30, 2026
Read the filing on SEC.gov ↗
Aug 25, 4:10 PM ET
Asbury Automotive Group ended the employment of Jed Milstein, its Senior Vice President and Chief Human Resources Officer, effective August 19, 2026. Wendy Reynolds-Dobbs, the company's Vice President of Talent Development and Chief Culture Officer, began serving as interim Chief Human Resources Officer on August 20, 2026. The filing does not give a reason for the departure, and any severance will follow a 2017 agreement and the discretion of the Compensation and Human Resources Committee.
- Jed Milstein's employment ended effective August 19, 2026, as stated in the filing
- Wendy Reynolds-Dobbs began serving as interim Chief Human Resources Officer effective August 20, 2026
- Any severance is governed by a severance pay agreement dated February 21, 2017, treated as a termination without cause, subject to committee discretion
Read the filing on SEC.gov ↗
Jul 28, 7:04 AM ET
Asbury Automotive Group reported second quarter 2026 net income of $115 million, or $6.25 per diluted share, down 25% from $153 million, or $7.76 per share, a year earlier. Revenue was $4.4 billion, essentially flat with the prior-year quarter, and gross profit was $753 million. Shareholders are seeing lower profit per share as the company continues its Tekion dealership management system rollout, with 70% of stores converted as of July 28, 2026.
- Net income of $115 million ($6.25 per diluted share) vs. $153 million ($7.76) in Q2 2025, a 25% decline
- Adjusted EPS of $6.82 vs. $7.43 in Q2 2025, down 15%; adjusted net income of $125 million
- Revenue of $4.4 billion vs. $4.37 billion; gross profit of $753 million vs. $752 million
- Repurchased about 668,000 shares for $131 million in Q2; about $322 million remained on the buyback authorization as of June 30, 2026
Read the filing on SEC.gov ↗
Apr 28, 7:03 AM ET
Asbury Automotive Group reported first quarter 2026 GAAP net income of $188 million, or $9.87 per diluted share, up from $132 million a year earlier, driven by a $94 million after-tax net gain on divestitures. Excluding that gain and other non-GAAP items, adjusted net income fell 24% to $102 million, or $5.37 per diluted share, while revenue declined 1% to $4.1 billion, so shareholders face mixed headline results.
- GAAP net income of $188 million ($9.87 per diluted share), up 42% from $132 million ($6.71 per diluted share) in first quarter 2025
- Adjusted net income of $102 million ($5.37 per diluted share), down 24% from $134 million ($6.82 per diluted share)
- Revenue of $4.1 billion, down 1% from $4,148.5 million; gross profit of $727 million versus $724 million
- Repurchased approximately 678,000 shares for $147 million; about $453 million remained on the authorization as of March 31, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.