Asbury Automotive ( (ABG) ) has released its Q2 earnings. Here is a breakdown of the information Asbury Automotive presented to its investors.
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Asbury Automotive Group, Inc., a Fortune 500 company based in Duluth, GA, is a prominent player in the U.S. automotive retail and service industry, operating numerous vehicle dealerships and offering a wide range of automotive products and services.
In its latest earnings report for the second quarter of 2025, Asbury Automotive Group announced a revenue of $4.4 billion and a net income of $153 million, marking a significant increase from the previous year. The company also achieved a record gross profit in its Parts & Service division and completed the acquisition of The Herb Chambers Automotive Group.
Key financial highlights include a 3% increase in revenue and gross profit compared to the second quarter of 2024. The company reported a notable improvement in used vehicle retail gross profit by 11%, despite a decrease in unit volume. Additionally, Asbury successfully reduced its Selling, General and Administrative expenses as a percentage of gross profit, enhancing its operational efficiency.
The acquisition of The Herb Chambers Automotive Group, a major dealership group, is expected to bolster Asbury’s presence in new regions and contribute to its long-term growth strategy. The divestiture of nine stores during the quarter also aligns with the company’s ongoing portfolio optimization efforts.
Looking ahead, Asbury Automotive Group remains focused on strategic growth and operational success, leveraging its recent acquisitions and cost management initiatives to drive future performance in the automotive retail sector.