ASBURY AUTOMOTIVE GROUP INC — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Asbury reported Q2 2026 net income of $115M ($6.25/diluted share), down 25% from $153M ($7.76/share) in Q2 2025. Adjusted net income was $125M ($6.82/share), down 15% from $146M ($7.43/share). Revenue was flat at $4.4B. The company repurchased 668K shares for $131M in Q2 and has completed ~70% of its planned Tekion dealership management system (DMS) conversion, with rollout completion targeted for fall 2026.
Why this rating
Material earnings decline (15–25% YoY) is meaningful for a $4.7B company; however, same-store revenue down ~7% and gross margin stable suggest sector headwinds, not company-specific failure. Large DMS transition (70% done) creates near-term cost drag but management expects long-term operational gains. Share buybacks signal confidence but indicate no major M&A or emergency.
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