---
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"
generated_at: "2026-05-15T02:43:43.024274+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-26-000076
- JSON: https://secwatch.observer/filing/0001144980-26-000076.json
- Plain text: https://secwatch.observer/filing/0001144980-26-000076.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/0001144980-26-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.