Asbury Automotive Q1 net income rises 42% to $188 million on dealership sale gains
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.