Asbury Q1 GAAP EPS $9.87 on gain from divestitures; adjusted EPS $5.37 down 24% YoY

ASBURY AUTOMOTIVE GROUP INC

2026-Q1 EPS reported $9.87 revenue$4,113,000,000

GAAP net income $188M ($9.87/diluted) up 42% YoY; adjusted net income $102M ($5.37/diluted) down 24%.
Divested ten dealerships for net proceeds ~$210M; estimated annualized revenue of $625M from divested stores.
Repurchased ~678K shares for $147M; $453M remaining on buyback authorization.
Over 50% of stores converted to Tekion DMS; implementation costs $5M in quarter.
Adjusted operating margin 5.0%; adjusted SG&A as % of gross profit 68.6%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ASBURY AUTOMOTIVE GROUP INC reported first quarter 2026 results: revenue $4.1 billion, net income $188 million, EPS $9.87 per diluted share.

Period: first quarter 2026
Revenue: $4.1 billion
Net income: $188 million
EPS: $9.87 per diluted share
Result: reported results

Exact text from the filing

Asbury Automotive Group Reports First Quarter Results • Revenue of $4.1 billion • Gross Profit of $727 million • Used Retail Gross Profit per Unit of $1,847, growth of 16% • EPS of $9.87 per diluted share; adjusted EPS, a non-GAAP measure, of $5.37 per diluted share • Net income of $188 million; adjusted net income, a non-GAAP measure, of $102 million • Repurchased approximately 678,000 shares for $147 million • Over 50% of stores converted to Tekion as of April 28, 2026

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Source: SEC EDGAR

accession 0001144980-26-000076

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