Asbury Automotive Group, Inc. (ABG) Earnings Call Transcripts

Asbury Automotive Group, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Asbury Automotive Group reported revenues of $4.1 billion, with adjusted earnings per share (EPS) of $5.37, reflecting a challenging environment marked by weather disruptions and the ongoing transition to the Tekion platform. The company divested 10 dealerships, generating approximately $600 million in annualized revenue, and utilized $147 million of the proceeds for share repurchases. Management maintained a cautious outlook, citing a moderation in consumer demand and the impact of geopolitical events on sales, while expressing confidence in long-term profitability improvements from the Tekion rollout.

Reported metrics

Guidance from management

Management maintained a cautious outlook, noting potential challenges in consumer demand and geopolitical impacts. They expect fixed operations gross profit to grow at mid-single-digit rates over time.

What management said

So yes, on the -- I don't have the exact number, Michael, I don't know we have not shared that number. But on -- you bring up an excellent point because when we roll out the Tekion stores, we go through the conversion, Saturday and Sunday, and we closed operations on that Monday. So that is definitely a day that we lose from being able to serve our guests. And then Tuesday, we've reopened. But again, that's a competi...

Yes. I think based on the March results that we saw that were in the low 60s, I think mid-60s without the weather would have been the right now for the first quarter. So we're still comfortable in that mid-60s range, going forward. And then at some point in the back half of the year as we start to see the Tekion efficiencies come through. I don't know if that's fourth quarter or where that shakes out. But sometimes...

What analysts pressed on

Analysts expressed concerns over the impact of weather on sales and the ongoing Tekion transition. There were questions about how these factors would affect future vehicle sourcing and overall profitability.

Main topics on the call

• Tekion Transition — Asbury is in the process of migrating to the Tekion platform, with over 50% of stores converted. CEO David Hult stated, "We remain on track and anticipate to be fully converted by the fall of this year," indicating poten...
• Divestitures and Capital Allocation — The company divested 10 dealerships and a collision center, generating approximately $600 million in annualized revenue. Hult noted, "We took advantage of this price to value dislocation to accelerate our repurchase acti...
• New Vehicle Sales Decline — New vehicle sales volumes declined, with same-store revenue down 9% year-over-year. Hult remarked, "We are definitely feeling the slowdown," reflecting concerns over consumer demand and weather impacts.
• Used Vehicle Profitability — Used vehicle gross profit per unit increased by 12% year-over-year, reaching $1,828. Clara stated, "Our efforts in use continue to pay off," indicating a successful strategy to maximize profitability despite volume chall...

Read the full Asbury Automotive Group, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 84 Asbury Automotive Group, Inc. earnings call transcripts on record, spanning February 3, 2020 to July 28, 2026. Based on this history, Asbury Automotive Group, Inc. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ABG

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

84

First call

February 3, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly