Quarterly ResultJul 31, 2026, 04:51 PM
Asbury Automotive YTD EPS $16.22; Q2 Net Income $114.6M
AI Summary
Asbury Automotive Group reported mixed financial results for the second quarter and first half of 2026. While Q2 net income and EPS saw a decline compared to the prior year, year-to-date net income and EPS increased, significantly aided by a substantial gain from dealership divestitures. The company continued its share repurchase program, buying back $277.6 million worth of common stock year-to-date.
Key Highlights
- Year-to-date Basic EPS increased to $16.22 from $14.50.
- Q2 Net Income decreased to $114.6 million from $152.8 million.
- Year-to-date Net Income increased to $302.4 million from $284.9 million, boosted by divestitures.
- Year-to-date Total Revenue was $8,497.6 million, a slight decrease from $8,521.6 million.
- Repurchased 1,346,359 shares for $277.6 million year-to-date.
- Realized a $125.8 million gain from dealership divestitures year-to-date.
- Remaining share repurchase authorization stands at $322.4 million as of June 30, 2026.
Price Impact
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