Asbury beat profit expectations by 8% on $6.82 adjusted EPS but missed revenue as a massive Tekion dealership software overhaul now 70% complete continues to weigh on margins and sales volumes. The technology migration, scheduled to wrap in the fall, cost $11.4 million in implementation and duplicative system expenses in the quarter while used vehicle retail units dropped 9%.
Asbury Automotive Group :
ABG
ABG
Stock Data
$0.00
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
AUTO & TRUCK DEALERSHIPS
Asbury Automotive Group Inc operates as a diversified automotive retailer in the United States. The company offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, vehicle parts, and finance and insurance products. Asbury Automotive Group focuses on providing an exceptional car buying and ownership experience through its many dealership locations across the country, aiming to meet the comprehensive needs of its customers in the automotive market.
Latest Activity
Q2 2026
EPS
$6.82
est $6.31+8.1%
Revenue
$4.38B
est $4.49B-2.3%
All Asbury Automotive Group Articles
7 Articles