Asbury (ABG)
NYSE:ABG
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
6.52Last Year’s EPS
7.43Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced meaningful strategic and operational positives — notably the Tekion migration progress with early productivity wins, portfolio optimization with divestitures and buybacks, resilient per-unit profitability (GPUs) and solid cash generation — against tangible near-term headwinds including volume declines, severe weather effects, and transition-related disruption and costs tied to Tekion. Management expects the Tekion benefits to outweigh short-term friction once the rollout is complete, but acknowledged peak disruption will persist into mid‑to‑late year. Given the mix of material strategic positives and clear near-term operational challenges, the tone is constructive but cautious.Company Guidance
Tekion Migration Progress and Early Productivity Gains
Over 50% of stores migrated to Tekion with full conversion expected by fall; early results show meaningful productivity improvements (Koons example: gross dollars per technician +21% year-over-year; average productivity per service advisor +16% year-over-year) and reduced support cost in converted stores (-5%). Management expects material cost and efficiency benefits once rollout is complete.
Strategic Portfolio Optimization and Share Repurchase
Divested 10 dealerships (and a collision center) and terminated 7 franchises, representing approximately $600–$625 million of annualized revenue; proceeds used to pay down debt and to repurchase 678,000 shares for $147 million, reflecting active capital allocation to enhance shareholder value.
Consolidated Q1 Financial Results
Reported revenue of $4.1 billion and gross profit of $727 million; gross margin expanded to 17.7% (up 22 basis points). Delivered adjusted operating margin of 5%, adjusted EBITDA of $207 million, adjusted EPS of $5.37 and adjusted net income of $102 million.
Used Vehicle Profitability and Inventory Health
All-store used vehicle PVR reported at $1,847 (management noted sequential +5% and year-over-year +16% in one disclosure); used retail gross profit per unit $1,828, up 12% year-over-year and up $79 sequentially. Same-store used days supply improved to 30 days from 35, supporting throughput and margins.
New Vehicle GPU Resilience and Day Supply
All-store new gross profit per unit was $3,371, only down $177 year-over-year (management also cited a sequential decline of just $73), and same-store new day supply was a healthy 54 days — signaling support for resilient per-unit profitability despite lower volumes.
Parts & Service Momentum in Late Quarter
Customer-pay gross profit +1% and warranty gross profit +3% for the quarter; March showed +4% growth in both customer-pay and warranty gross profit, with April-to-date trending similarly. Management expects fixed operations gross profit to grow at mid-single-digit rates over time.
Strong Cash Generation and Liquidity
Generated $166 million of adjusted operating cash flow and $120 million of adjusted free cash flow in Q1. Ended the quarter with approximately $1.2 billion of liquidity (floor plan offsets, availability on credit facilities and cash). Transaction-adjusted net leverage was 3.2x.
CapEx Guidance and De-risking via Divestitures
Q1 CapEx (ex-real estate) was $46 million; management reiterated ~ $250 million CapEx guidance for both 2026 and 2027 and noted divestitures reduced future CapEx burden allowing redeployment to higher-return uses.
ABG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ABG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $200.03 | $200.56 | +0.26% |
Feb 05, 2026 | $237.04 | $220.55 | -6.96% |
Oct 28, 2025 | $234.33 | $235.89 | +0.67% |
Jul 29, 2025 | $229.20 | $220.33 | -3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Asbury (ABG) report earnings?
Asbury (ABG) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Asbury (ABG) earnings time?
Asbury (ABG) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABG EPS forecast?
ABG EPS forecast for the fiscal quarter 2026 (Q2) is 6.52.