Asbury Automotive Group (ABG) reported adjusted earnings of $6.82 per share for the second quarter of 2026, an 8.2% year-over-year decline but 8.25% above the Zacks Consensus Estimate of $6.30. Revenues reached $4.38 billion, a 0.3% increase from the prior year, though falling short of the consensus estimate of $4.46 billion by 1.78%. New-vehicle revenues grew 1% to $2.33 billion, while total used-vehicle revenues declined 4% to $1.24 billion.
New-vehicle unit sales remained nearly flat at 44,245, with a 2% rise in average selling price to $52,666. However, new-vehicle gross profit fell 14% to $138.2 million, driven by a 13% drop in gross profit per unit. Parts and service revenues increased 6% to $634.6 million, contributing to a total gross profit of $753.1 million, unchanged from the previous year, with a gross margin of 17.2%. Same-store revenues dropped 7% to $3.76 billion.
Asbury completed 70% of its rollout of the Tekion dealership management system by July 28, expecting full implementation by fall. The company reported adjusted operating cash flow of $305.2 million for the first half of 2026 and a liquidity of $966 million as of June.
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