Quarterly ResultJul 28, 2026, 07:07 AM
Asbury Automotive Q2 Net Income $115M (-25%); Adj. EPS $6.82 (-15%)
AI Summary
Asbury Automotive Group reported a 25% decrease in Q2 2026 net income to $115 million and a 15% decrease in adjusted EPS to $6.82 per diluted share, despite flat revenue of $4.4 billion. The company highlighted a 16% growth in used retail gross profit per unit and significant progress in its Tekion technology implementation, with 70% of stores converted. Additionally, Asbury repurchased $131 million in shares during the quarter.
Key Highlights
- Q2 2026 Net Income was $115 million, a 25% decrease from $153 million in Q2 2025.
- Q2 2026 Adjusted EPS was $6.82 per diluted share, a 15% decrease from $7.43 in Q2 2025.
- Q2 2026 Revenue was $4.4 billion, flat compared to Q2 2025.
- Used Retail Gross Profit per Unit increased by 16% to $2,002.
- Repurchased approximately 668,000 shares for $131 million during Q2 2026.
- 70% of stores converted to Tekion as of July 28, 2026, with full rollout expected this fall.
- Liquidity stood at $966 million as of June 30, 2026.
- Transaction adjusted net leverage ratio was 3.4x at quarter end.
Price Impact
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