ASBURY AUTOMOTIVE GROUP INC — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 38/100
What the filing says
Asbury reported Q3 2026 net income of $105M ($5.84 diluted EPS), down 29% YoY from $147M ($7.52 EPS) in Q3 2025. Adjusted net income was $111M ($6.16 EPS), down 21% YoY. The company completed its company-wide Tekion (dealership management system) conversion in mid-October 2026, converting 47 stores in Q3 alone. Revenue declined 8% to $4.4B; gross profit fell 9% to $732M. YTD share repurchases totaled 1.35M shares for $278M with $322M authorization remaining. Long-term debt stands at $3.37B; transaction adjusted net leverage is 3.5x.
Why this rating
Earnings decline is material (~6% of annual net income guidance typically), but offset by technology investment completion and modest operational gains in legacy Tekion markets. Moderate headwind relative to $4.7B market cap.
See more from October 27, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.