Asbury Q2 net income falls 25% to $115 million; diluted EPS $6.25
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.
Key points
- 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
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 July 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.