Asbury Automotive Group — Third Quarter 2026 Earnings Summary

Asbury Automotive Group reported third quarter 2026 net income of $105 million, a 29% decrease from the same period in 2025, with revenue declining 8% to $4.4 billion. The company completed its company-wide Tekion conversion in mid-October and finished rolling out Total Care Auto across all stores in October. Adjusted net income for the quarter was $111 million, or $6.16 per diluted share, excluding specific implementation and divestiture-related expenses. Operational highlights included a 4.5% sequential increase in used retail unit volume and a gross margin of 16.6%.