{"schema_version":"secwatch.filing_event.v1","accession":"0001144980-26-000076","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.009114+00:00","generated_at":"2026-05-15T02:43:43.024274+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Asbury Q1 GAAP EPS $9.87 on gain from divestitures; adjusted EPS $5.37 down 24% YoY","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001144980-26-000076","json":"https://secwatch.observer/filing/0001144980-26-000076.json","markdown":"https://secwatch.observer/filing/0001144980-26-000076.md","text":"https://secwatch.observer/filing/0001144980-26-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/0001144980-26-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/abg-20260428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:43:43.024274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b5fba4e0f9f6931c78f9ea8e18726720c8ea22e","claim":"ASBURY AUTOMOTIVE GROUP INC reported first quarter 2026 results: revenue $4.1 billion, net income $188 million, EPS $9.87 per diluted share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/0001144980-26-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2026"},{"label":"Revenue","value":"$4.1 billion"},{"label":"Net income","value":"$188 million"},{"label":"EPS","value":"$9.87 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}