Asbury Automotive Group Reports Third Quarter Results
Business Wire•27/10/2026•07:00 ET
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Key Highlights
- ➤Third-quarter revenue $4.4 billion, down 8% year over year
- ➤Third-quarter net income $105 million, down 29% year over year
- ➤Adjusted EPS $6.16, down 21% year over year
- ➤Used retail unit volume increased 4.5% sequentially
- ➤Company-wide Tekion conversion completed across all active stores in October
Expert Statements
Dan Clara, President and Chief Executive Officer of Asbury Automotive Group
“We have completed one of the most ambitious technology initiatives in Asbury’s history, every active store is now operating on Tekion. Our teams converted 47 stores in the third quarter alone, the most in any single quarter, and finished the remaining active stores in October to bring the rollout across the finish line. Our longest-tenured Tekion markets achieved efficiency gains with customer pay gross profit up 7% and total parts and service gross profit up 5%. With one modern platform now powering the entire company, we have built a strong foundation to serve our guests, make faster decisions, and operate more efficiently.”
* EPS of $5.84 per diluted share; adjusted EPS, a non-GAAP measure, of $6.16 per diluted share
* Net income of $105 million; adjusted net income, a non-GAAP measure, of $111 million
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