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ABG|EPS $5.37 vs $5.67 est (-5.3%)|Rev $4.11B|Net Income $187.8MAsbury Automotive Group, Inc. (ABG) posted quarterly results that fell short of Wall Street expectations, as the automotive retailer navigated a challenging environment for vehicle sales. The company reported adjusted earnings per share of $5.37 for Q1 2026, missing the analyst consensus estimate of $5.67 by 5.3%. Revenue came in at $4.11B, down 1.0% from the $4.15B recorded in the same quarter last year.
The Dealerships segment remained the core revenue driver, generating $4.03B for the quarter. Bottom-line profit reached $188 M as the company continued to manage costs amid softening demand. Used vehicle profitability showed resilience, with Used Retail Gross Profit per Unit coming in at $1,847 for the quarter.
Asbury continued its technology transformation during the period, converting 50% of stores to Tekion at quarter-end. The dealer management system migration represents part of the company’s broader digital infrastructure overhaul. Wall Street sentiment on the stock remains cautious, with analyst consensus standing at 2 buy, 8 hold, and 1 sell ratings.
The modest revenue decline reflects ongoing headwinds in automotive retail, including elevated vehicle prices and higher financing costs that have pressured consumer demand across the industry. The automotive retailer operates one of the largest dealership networks in the United States, selling new and used vehicles alongside parts and service offerings.
A detailed analysis of Asbury Automotive Group, Inc.’s quarter follows shortly on AlphaStreet.
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