Asbury Automotive第二季純利跌25%至1.15億美元 上半年EPS升至16.2美元

abg-20260630000114498012/312026Q2falsexbrli:sharesiso4217:USDiso4217:USDxbrli:sharesabg:franchiseabg:dealershipabg:vehicleBrandabg:collisionCenterabg:statexbrli:pureabg:segmentabg:businessabg:dealershipLocationabg:propertyabg:categoryabg:swapAgreement00011449802026-01-012026-06-3000011449802026-07-2900011449802026-06-3000011449802025-12-310001144980abg:NewVehicleMember2026-04-012026-06-300001144980abg:NewVehicleMember2025-04-012025-06-300001144980abg:NewVehicleMember2026-01-012026-06-300001144980abg:NewVehicleMember2025-01-012025-06-300001144980abg:UsedVehicleMember2026-04-012026-06-300001144980abg:UsedVehicleMember2025-04-012025-06-300001144980abg:UsedVehicleMember2026-01-012026-06-300001144980abg:UsedVehicleMember2025-01-012025-06-300001144980abg:PartsAndServiceMember2026-04-012026-06-300001144980abg:PartsAndServiceMember2025-04-012025-06-300001144980abg:PartsAndServiceMember2026-01-012026-06-300001144980abg:PartsAndServiceMember2025-01-012025-06-300001144980abg:FinanceAndInsuranceNetMember2026-04-012026-06-300001144980abg:FinanceAndInsuranceNetMember2025-04-012025-06-300001144980abg:FinanceAndInsuranceNetMember2026-01-012026-06-300001144980abg:FinanceAndInsuranceNetMember2025-01-012025-06-3000011449802026-04-012026-06-3000011449802025-04-012025-06-3000011449802025-01-012025-06-300001144980us-gaap:PerformanceSharesMember2026-04-012026-06-300001144980us-gaap:PerformanceSharesMember2025-04-012025-06-300001144980us-gaap:PerformanceSharesMember2026-01-012026-06-300001144980us-gaap:PerformanceSharesMember2025-01-012025-06-300001144980us-gaap:CommonStockMember2025-12-310001144980us-gaap:AdditionalPaidInCapitalMember2025-12-310001144980us-gaap:RetainedEarningsMember2025-12-310001144980us-gaap:TreasuryStockCommonMember2025-12-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001144980us-gaap:RetainedEarningsMember2026-01-012026-03-3100011449802026-01-012026-03-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001144980us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001144980us-gaap:CommonStockMember2026-01-012026-03-310001144980us-gaap:TreasuryStockCommonMember2026-01-012026-03-310001144980us-gaap:CommonStockMember2026-03-310001144980us-gaap:AdditionalPaidInCapitalMember2026-03-310001144980us-gaap:RetainedEarningsMember2026-03-310001144980us-gaap:TreasuryStockCommonMember2026-03-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-3100011449802026-03-310001144980us-gaap:RetainedEarningsMember2026-04-012026-06-300001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-04-012026-06-300001144980us-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-300001144980us-gaap:CommonStockMember2026-04-012026-06-300001144980us-gaap:TreasuryStockCommonMember2026-04-012026-06-300001144980us-gaap:CommonStockMember2026-06-300001144980us-gaap:AdditionalPaidInCapitalMember2026-06-300001144980us-gaap:RetainedEarningsMember2026-06-300001144980us-gaap:TreasuryStockCommonMember2026-06-300001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-300001144980us-gaap:CommonStockMember2024-12-310001144980us-gaap:AdditionalPaidInCapitalMember2024-12-310001144980us-gaap:RetainedEarningsMember2024-12-310001144980us-gaap:TreasuryStockCommonMember2024-12-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-3100011449802024-12-310001144980us-gaap:RetainedEarningsMember2025-01-012025-03-3100011449802025-01-012025-03-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001144980us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001144980us-gaap:CommonStockMember2025-01-012025-03-310001144980us-gaap:TreasuryStockCommonMember2025-01-012025-03-310001144980us-gaap:CommonStockMember2025-03-310001144980us-gaap:AdditionalPaidInCapitalMember2025-03-310001144980us-gaap:RetainedEarningsMember2025-03-310001144980us-gaap:TreasuryStockCommonMember2025-03-310001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-3100011449802025-03-310001144980us-gaap:RetainedEarningsMember2025-04-012025-06-300001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001144980us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001144980us-gaap:CommonStockMember2025-04-012025-06-300001144980us-gaap:TreasuryStockCommonMember2025-04-012025-06-300001144980us-gaap:CommonStockMember2025-06-300001144980us-gaap:AdditionalPaidInCapitalMember2025-06-300001144980us-gaap:RetainedEarningsMember2025-06-300001144980us-gaap:TreasuryStockCommonMember2025-06-300001144980us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-3000011449802025-06-300001144980abg:MidlineImportBrandsMember2026-01-012026-06-300001144980abg:LuxuryBrandsMember2026-01-012026-06-300001144980abg:DomesticBrandsMember2026-01-012026-06-300001144980us-gaap:TreasuryStockCommonMember2026-01-012026-06-300001144980us-gaap:TreasuryStockCommonMember2025-01-012025-06-3000011449802026-02-250001144980us-gaap:RestrictedStockUnitsRSUMember2026-04-012026-06-300001144980us-gaap:RestrictedStockUnitsRSUMember2025-04-012025-06-300001144980us-gaap:RestrictedStockUnitsRSUMember2026-01-012026-06-300001144980us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-06-300001144980abg:UsedvehicleretailMember2026-04-012026-06-300001144980abg:UsedvehicleretailMember2025-04-012025-06-300001144980abg:UsedvehiclewholesaleMember2026-04-012026-06-300001144980abg:UsedvehiclewholesaleMember2025-04-012025-06-300001144980abg:NewAndUsedVehicleMember2026-04-012026-06-300001144980abg:NewAndUsedVehicleMember2025-04-012025-06-300001144980abg:SaleOfPartsAndServicesMember2026-04-012026-06-300001144980abg:SaleOfPartsAndServicesMember2025-04-012025-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2026-04-012026-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2025-04-012025-06-300001144980abg:PartsAndServicesMember2026-04-012026-06-300001144980abg:PartsAndServicesMember2025-04-012025-06-300001144980abg:UsedvehicleretailMember2026-01-012026-06-300001144980abg:UsedvehicleretailMember2025-01-012025-06-300001144980abg:UsedvehiclewholesaleMember2026-01-012026-06-300001144980abg:UsedvehiclewholesaleMember2025-01-012025-06-300001144980abg:NewAndUsedVehicleMember2026-01-012026-06-300001144980abg:NewAndUsedVehicleMember2025-01-012025-06-300001144980abg:SaleOfPartsAndServicesMember2026-01-012026-06-300001144980abg:SaleOfPartsAndServicesMember2025-01-012025-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2026-01-012026-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2025-01-012025-06-300001144980abg:PartsAndServicesMember2026-01-012026-06-300001144980abg:PartsAndServicesMember2025-01-012025-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2025-12-310001144980abg:FinanceAndInsuranceNetMember2025-12-310001144980abg:DeferredSalesCommissionsMember2025-12-310001144980abg:VehicleRepairAndMaintenanceServicesMember2026-01-012026-03-310001144980abg:FinanceAndInsuranceNetMember2026-01-012026-03-310001144980abg:DeferredSalesCommissionsMember2026-01-012026-03-310001144980abg:VehicleRepairAndMaintenanceServicesMember2026-03-310001144980abg:FinanceAndInsuranceNetMember2026-03-310001144980abg:DeferredSalesCommissionsMember2026-03-310001144980abg:DeferredSalesCommissionsMember2026-04-012026-06-300001144980abg:VehicleRepairAndMaintenanceServicesMember2026-06-300001144980abg:FinanceAndInsuranceNetMember2026-06-300001144980abg:DeferredSalesCommissionsMember2026-06-300001144980abg:FinanceAndInsuranceNetMember2025-12-310001144980abg:HerbChambersDealershipsMember2025-07-212025-07-210001144980abg:HerbChambersDealershipsMemberabg:NewVehicleFloorPlanFacilityMemberus-gaap:LineOfCreditMember2025-07-212025-07-210001144980abg:HerbChambersDealershipsMemberabg:UsedVehicleFloorPlanFacilityMemberus-gaap:LineOfCreditMember2025-07-212025-07-210001144980abg:HerbChambersDealershipsMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-07-212025-07-210001144980abg:HerbChambersDealershipsMemberabg:RealEstateFacilityMemberus-gaap:LineOfCreditMember2025-07-212025-07-210001144980abg:HerbChambersDealershipsMember2025-07-210001144980abg:HerbChambersDealershipsMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:MercedesBenzSprinterMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:AudiMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:NissanFranchiseMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:ChryslerJeepDodgeRamFranchiseMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:LandRoverMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:PorscheMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:BMWMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:InfinitiMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:FranchisesDealershipsSoldMember2026-01-012026-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:NissanFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:ChevroletFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:ChryslerJeepDodgeRamFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:FordFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:ToyotaFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:VolvoFranchiseMember2025-01-012025-06-300001144980us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberabg:FranchisesDealershipsSoldMember2025-01-012025-06-300001144980abg:VehicleReceivablesMember2026-06-300001144980abg:VehicleReceivablesMember2025-12-310001144980abg:ManufacturerReceivablesMember2026-06-300001144980abg:ManufacturerReceivablesMember2025-12-310001144980abg:OtherTradeAccountsReceivableMember2026-06-300001144980abg:OtherTradeAccountsReceivableMember2025-12-310001144980abg:NewVehiclesMember2026-06-300001144980abg:NewVehiclesMember2025-12-310001144980abg:UsedVehiclesMember2026-06-300001144980abg:UsedVehiclesMember2025-12-310001144980abg:PartsAndAccessoriesMember2026-06-300001144980abg:PartsAndAccessoriesMember2025-12-310001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2026-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2025-12-310001144980abg:NewVehiclesMember2026-04-012026-06-300001144980abg:NewVehiclesMember2025-04-012025-06-300001144980abg:NewVehiclesMember2026-01-012026-06-300001144980abg:NewVehiclesMember2025-01-012025-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:FranchiseMember2026-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberabg:DealershipLocationMember2026-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:RealEstateMember2026-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:FranchiseMember2026-06-012026-06-300001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:FranchiseMember2025-12-310001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberabg:DealershipLocationMember2025-12-310001144980us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMemberus-gaap:RealEstateMember2025-12-310001144980us-gaap:ShortTermInvestmentsMember2026-06-300001144980us-gaap:USTreasurySecuritiesMember2026-06-300001144980us-gaap:MunicipalBondsMember2026-06-300001144980us-gaap:CorporateDebtSecuritiesMember2026-06-300001144980abg:MortgageAndOtherAssetsBackedSecuritiesMember2026-06-300001144980us-gaap:ShortTermInvestmentsMember2025-12-310001144980us-gaap:USTreasurySecuritiesMember2025-12-310001144980us-gaap:MunicipalBondsMember2025-12-310001144980us-gaap:CorporateDebtSecuritiesMember2025-12-310001144980abg:MortgageAndOtherAssetsBackedSecuritiesMember2025-12-310001144980abg:LoanerVehicleNotesPayableBankOfAmericaMember2026-06-300001144980abg:LoanerVehicleNotesPayableBankOfAmericaMember2025-12-310001144980abg:LoanerVehicleNotesPayableOEMsMember2026-06-300001144980abg:LoanerVehicleNotesPayableOEMsMember2025-12-310001144980abg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2026-06-300001144980abg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2025-12-310001144980abg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980abg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980abg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2026-06-300001144980abg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2025-12-310001144980abg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980abg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:MortgagesMember2026-06-300001144980us-gaap:MortgagesMember2025-12-310001144980abg:A2025RealEstateFacilityMemberus-gaap:LineOfCreditMember2026-06-300001144980abg:A2025RealEstateFacilityMemberus-gaap:LineOfCreditMember2025-12-310001144980abg:A2021RealEstateFacilityMemberus-gaap:LineOfCreditMember2026-06-300001144980abg:A2021RealEstateFacilityMemberus-gaap:LineOfCreditMember2025-12-310001144980abg:A2021BofARealEstateFacilityMemberus-gaap:LineOfCreditMember2026-06-300001144980abg:A2021BofARealEstateFacilityMemberus-gaap:LineOfCreditMember2025-12-310001144980abg:A2018WellsFargoMasterLoanFacilityMemberus-gaap:LineOfCreditMember2026-06-300001144980abg:A2018WellsFargoMasterLoanFacilityMemberus-gaap:LineOfCreditMember2025-12-310001144980abg:A2019BankofAmericaRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2026-06-300001144980abg:A2019BankofAmericaRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310001144980us-gaap:LineOfCreditMember2026-06-300001144980us-gaap:LineOfCreditMember2025-12-310001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:CarryingReportedAmountFairValueDisclosureMemberabg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:CarryingReportedAmountFairValueDisclosureMember2026-06-300001144980us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointFiveZeroPercentSeniorNotesdue2028Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointSixTwoFivePercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FourPointSevenFivePercentSeniorNotesdue2030Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2026-06-300001144980us-gaap:EstimateOfFairValueFairValueDisclosureMemberabg:FivePointZeroZeroPercentPercentSeniorNotesDue2029Memberus-gaap:SeniorNotesMember2025-12-310001144980us-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300001144980us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001144980us-gaap:InterestRateSwapMember2026-06-300001144980us-gaap:InterestRateSwapMember2022-01-310001144980abg:InterestRateSwapJanuary2022Member2022-01-310001144980abg:InterestRateSwapJanuary2022Member2026-06-300001144980abg:InterestRateSwapMay2021Member2021-05-310001144980abg:InterestRateSwapMay2021Member2026-06-300001144980abg:InterestRateSwapJuly2020Member2020-07-310001144980abg:InterestRateSwapJuly2020Member2026-06-300001144980abg:InterestRateSwapFebruary2026Member2026-02-280001144980abg:InterestRateSwapFebruary2026Member2026-06-300001144980us-gaap:InterestRateSwapMember2025-12-310001144980us-gaap:InterestRateSwapMemberus-gaap:OtherCurrentAssetsMember2026-06-300001144980us-gaap:InterestRateSwapMemberus-gaap:OtherCurrentAssetsMember2025-12-310001144980us-gaap:InterestRateSwapMemberus-gaap:OtherNoncurrentAssetsMember2026-06-300001144980us-gaap:InterestRateSwapMemberus-gaap:OtherNoncurrentAssetsMember2025-12-310001144980us-gaap:InterestRateSwapMember2026-04-012026-06-300001144980us-gaap:InterestRateSwapMember2025-04-012025-06-300001144980us-gaap:InterestRateSwapMember2026-01-012026-06-300001144980us-gaap:InterestRateSwapMember2025-01-012025-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2026-06-300001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ShortTermInvestmentsMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-12-310001144980us-gaap:FairValueMeasurementsRecurringMemberabg:MortgageAndOtherAssetsBackedSecuritiesMemberus-gaap:FairValueInputsLevel12And3Member2025-12-310001144980abg:DealershipsMember2026-04-012026-06-300001144980abg:TCAMember2026-04-012026-06-300001144980abg:DealershipsMember2025-04-012025-06-300001144980abg:TCAMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMember2026-04-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:IntersegmentEliminationMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:TCAMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2026-04-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2025-04-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2025-04-012025-06-300001144980abg:DealershipsMember2026-01-012026-06-300001144980abg:TCAMember2026-01-012026-06-300001144980abg:DealershipsMember2025-01-012025-06-300001144980abg:TCAMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:FinanceAndInsuranceNetMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:PartsAndServiceMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMember2026-01-012026-06-300001144980us-gaap:IntersegmentEliminationMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:IntersegmentEliminationMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:NewVehicleMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:UsedVehicleMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:PartsAndServiceMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2026-01-012026-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:DealershipsMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:FinanceAndInsuranceNetMemberabg:TCAMember2025-01-012025-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2026-06-300001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2026-06-300001144980us-gaap:OperatingSegmentsMember2026-06-300001144980us-gaap:IntersegmentEliminationMember2026-06-300001144980us-gaap:OperatingSegmentsMemberabg:DealershipsMember2025-12-310001144980us-gaap:OperatingSegmentsMemberabg:TCAMember2025-12-310001144980us-gaap:OperatingSegmentsMember2025-12-310001144980us-gaap:IntersegmentEliminationMember2025-12-3100011449802022-08-0300011449802024-02-080001144980abg:ReastatedCreditAgreementMemberabg:BankOfAmericaNAMemberus-gaap:GuaranteeObligationsMember2026-06-300001144980us-gaap:GuaranteeObligationsMember2026-06-30

Table of Contents

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 

FORM 10-Q 

 

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026
OR 

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 
For the transition period from              to
Commission file number: 001-31262  

ASBURY AUTOMOTIVE GROUP, INC. 
(Exact name of Registrant as specified in its charter) 

Delaware01-0609375
(State or other jurisdiction of
incorporation or organization)(I.R.S. Employer
Identification No.)

6655 Peachtree Dunwoody Road
Atlanta,
Georgia
30328
(Address of principal executive offices)(Zip Code)

(770) 418-8200 
(Registrant's telephone number, including area code) 

Securities registered pursuant to Section 12(b) of the Act: 

Trading
Title of each classSymbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareABGNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act:

Large Accelerated Filer☒  Accelerated Filer☐

Non-Accelerated Filer☐Smaller Reporting Company☐

Emerging Growth Company☐

Table of Contents

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  x 
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: The number of shares of common stock outstanding as of July 29, 2026 was 17,951,917.

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.

TABLE OF CONTENTS

Page
PART I—Financial Information
Item 1.
Condensed Consolidated Financial Statements (unaudited) 

Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025
4

Condensed Consolidated Statements of Income for the Three and Six Months Ended June 30, 2026 and 2025
5

Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2026 and 2025
6

Condensed Consolidated Statements of Shareholders' Equity for the Three and Six Months Ended June 30, 2026 and 2025
7

Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025
9

Notes to Condensed Consolidated Financial Statements
10

Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
29

Item 3.
Quantitative and Qualitative Disclosures About Market Risk
55

Item 4.
Controls and Procedures
56

PART II—Other Information

Item 1.
Legal Proceedings
56

Item 1A.
Risk Factors
56

Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
57

Item 5.
Other Information
57

Item 6.
Exhibits
58

Signatures
59

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

ASBURY AUTOMOTIVE GROUP, INC. 
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par value and share data)
(Unaudited)
June 30, 2026December 31, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents$30.4 $40.4 
Short-term investments5.3 0.5 
Contracts-in-transit, net179.5 239.2 
Accounts receivable, net257.7 294.6 
Inventories, net2,108.6 2,135.8 
Assets held for sale81.5 268.9 
Other current assets419.4 400.9 
Total current assets3,082.4 3,380.2 
INVESTMENTS416.5 414.7 
PROPERTY AND EQUIPMENT, net3,187.3 3,070.4 
OPERATING LEASE RIGHT-OF-USE ASSETS224.3 240.6 
GOODWILL2,269.7 2,281.3 
INTANGIBLE FRANCHISE RIGHTS2,090.4 2,097.6 

OTHER LONG-TERM ASSETS140.8 133.3 
Total assets$11,411.5 $11,618.2 
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Floor plan notes payable—trade, net$300.7 $343.1 
Floor plan notes payable—non-trade, net1,538.8 1,683.9 
Current maturities of long-term debt447.7 479.2 
Current maturities of operating leases24.8 27.6 
Accounts payable and accrued liabilities832.9 780.3 
Deferred revenue—current242.9 243.6 
Liabilities associated with assets held for sale— 1.8 
Total current liabilities3,387.7 3,559.5 
LONG-TERM DEBT3,010.0 3,092.8 
LONG-TERM LEASE LIABILITY208.5 221.6 
DEFERRED REVENUE619.5 584.6 
DEFERRED INCOME TAXES210.6 210.6 
OTHER LONG-TERM LIABILITIES52.0 57.1 
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY:
Preferred stock, $.01 par value; 10,000,000 shares authorized; none issued 
or outstanding
— — 
Common stock, $.01 par value; 90,000,000 shares authorized; 40,099,276 and 41,338,419 shares issued, including shares held in treasury, respectively
0.4 0.4 
Additional paid-in capital1,328.5 1,327.6 
Retained earnings3,657.3 3,616.2 
Treasury stock, at cost; 22,147,927 and 22,109,690 shares, respectively
(1,104.0)(1,092.8)
Accumulated other comprehensive income41.0 40.6 
Total shareholders' equity3,923.2 3,891.9 
Total liabilities and shareholders' equity$11,411.5 $11,618.2 

See accompanying Notes to Condensed Consolidated Financial Statements
4

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)

For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
REVENUE:
New vehicle$2,330.2 $2,303.9 $4,431.0 $4,442.0 
Used vehicle1,236.0 1,285.8 2,442.3 2,521.6 
Parts and service634.6 601.5 1,261.4 1,189.1 
Finance and insurance, net183.8 182.0 362.9 368.9 
TOTAL REVENUE4,384.6 4,373.1 8,497.6 8,521.6 
COST OF SALES:
New vehicle2,192.0 2,143.9 4,164.3 4,138.9 
Used vehicle1,166.6 1,216.8 2,306.7 2,388.1 
Parts and service260.4 246.7 522.1 491.6 
Finance and insurance12.4 13.8 24.6 26.9 
TOTAL COST OF SALES3,631.5 3,621.2 7,017.7 7,045.5 
GROSS PROFIT753.1 751.9 1,480.0 1,476.1 
OPERATING EXPENSES:
Selling, general, and administrative506.4 475.5 1,016.8 931.8 
Depreciation and amortization23.1 19.0 45.6 38.2 
Asset impairments4.2 — 4.2 14.3 

INCOME FROM OPERATIONS219.5 257.4 413.4 491.7 
OTHER EXPENSES (INCOME):
Floor plan interest expense21.6 18.1 42.7 38.8 
Other interest expense, net46.5 41.4 94.6 83.7 

Gain on dealership divestitures, net— (5.9)(125.8)(10.1)
Total other expenses, net68.1 53.6 11.5 112.5 
INCOME BEFORE INCOME TAXES151.3 203.8 401.9 379.2 
Income tax expense36.7 51.0 99.5 94.4 

NET INCOME$114.6 $152.8 $302.4 $284.9 
EARNINGS PER SHARE:
Basic—

Net income$6.26 $7.77 $16.22 $14.50 
Diluted—

Net income$6.25 $7.76 $16.20 $14.46 
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic18.319.718.619.6

Performance share units———0.1
Diluted18.319.718.719.7

 
See accompanying Notes to Condensed Consolidated Financial Statements
5

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
(Unaudited)

For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Net income$114.6 $152.8 $302.4 $284.9 
Other comprehensive income (loss) - net of tax:
Change in fair value of cash flow swaps4.7 (8.5)6.3 (22.2)

Income tax (expense) benefit associated with cash flow swaps(1.2)2.1 (1.6)5.6 
Unrealized (losses) gains on available-for-sale debt securities(1.4)1.4 (5.7)5.3 
Income tax benefit (expense) associated with available-for-sale debt securities0.3 (0.3)1.3 (1.2)
Comprehensive income$117.0 $147.5 $302.8 $272.3 

See accompanying Notes to Condensed Consolidated Financial Statements
6

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(Dollars in millions)
(Unaudited) 
Common StockAdditional
Paid-in
CapitalRetained
EarningsTreasury StockAccumulated
Other
Comprehensive
Income (Loss)Total
SharesAmountSharesAmount
Balances, December 31, 202541,338,419 $0.4 $1,327.6 $3,616.2 22,109,690 $(1,092.8)$40.6 $3,891.9 
Comprehensive Income:
Net income— — — 187.8 — — — 187.8 
Change in fair value of cash flow swaps, net of reclassification adjustment and $0.4 million tax expense
— — — — — — 1.3 1.3 
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $1.0 million tax benefit
— — — — — — (3.3)(3.3)
Comprehensive income— — — 187.8 — — (2.0)185.8 
Share-based compensation— — 11.1 — — — — 11.1 
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements104,412 — — — — — — — 
Share repurchases— — — — 678,243 (147.0)— (147.0)
Repurchase of common stock associated with net share settlement of employee share-based awards— — — — 37,420 (9.8)— (9.8)
Retirement of common stock(678,243)— (8.2)(138.8)(678,243)147.0 — — 
Balances, March 31, 202640,764,588 $0.4 $1,330.5 $3,665.2 22,147,110 $(1,102.6)$38.5 $3,932.1 
Comprehensive Income:
Net income— — — 114.6 — — — 114.6 
Change in fair value of cash flow swaps, net of reclassification adjustment and $1.2 million tax expense
— — — — — — 3.5 3.5 
Unrealized loss on changes in fair value of debt securities, net of reclassification adjustment and $0.3 million tax benefit
— — — — — — (1.1)(1.1)
Comprehensive income— — — 114.6 — — 2.4 117.0 
Share-based compensation— — 6.1 — — — — 6.1 
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements2,804 — — — — — — — 
Share repurchases— — — — 668,116 (131.9)— (131.9)
Repurchase of common stock associated with net share settlement of employee share-based awards— — — — 817 (0.1)— (0.1)
Retirement of common stock(668,116)— (8.1)(122.5)(668,116)130.6 — — 
Balances, June 30, 202640,099,276 $0.4 $1,328.5 $3,657.3 22,147,927 $(1,104.0)$41.0 $3,923.2 

    

7

Table of Contents

Common StockAdditional
Paid-in
CapitalRetained
EarningsTreasury StockAccumulated
Other
Comprehensive
Income (Loss)Total
SharesAmountSharesAmount
Balances, December 31, 202441,649,426 $0.4 $1,305.1 $3,218.9 22,065,478 $(1,079.2)$56.8 $3,502.1 
Comprehensive Income:
Net income— — — 132.1 — — — 132.1 
Change in fair value of cash flow swaps, net of reclassification adjustment and $3.5 million tax benefit
— — — — — — (10.3)(10.3)
Unrealized gain on changes in fair value of debt securities, net of reclassification adjustment and $0.9 million tax expense
— — — — — — 3.0 3.0 
Comprehensive income— — — 132.1 — — (7.2)124.9 
Share-based compensation— — 9.1 — — — — 9.1 
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements117,992 — — — — — — — 

Repurchase of common stock associated with net share settlement of employee share-based awards— — — — 42,780 (12.5)— (12.5)

Balances, March 31, 202541,767,418 $0.4 $1,314.2 $3,351.0 22,108,258 $(1,091.7)$49.6 $3,623.5 
Comprehensive Income:
Net income— — — 152.8 — — — 152.8 
Change in fair value of cash flow swaps, net of reclassification adjustment and $2.1 million tax benefit
— — — — — — (6.3)(6.3)
Unrealized gain on changes in fair value of debt securities, net of reclassification adjustment and $0.3 million tax expense
— — — — — — 1.0 1.0 
Comprehensive income— — — 152.8 — — (5.3)147.5 
Share-based compensation— — 6.2 — — — — 6.2 
Issuance of common stock, net of forfeitures, in connection with share-based payment arrangements1,548 — — — — — — — 

Repurchase of common stock associated with net share settlement of employee share-based awards— — — — 646 (0.2)— (0.2)

Balances, June 30, 202541,768,966 $0.4 $1,320.4 $3,503.7 22,108,904 $(1,091.8)$44.3 $3,777.0 

See accompanying Notes to Condensed Consolidated Financial Statements
8

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
For the Six Months Ended June 30,
20262025
CASH FLOW FROM OPERATING ACTIVITIES:
Net income$302.4 $284.9 
Adjustments to reconcile net income to net cash provided by operating activities—
Depreciation and amortization45.6 38.2 
Share-based compensation17.2 15.3 

Asset impairments4.2 14.3 

Loaner vehicle amortization33.6 24.0 
Gain on divestitures, net(125.8)(10.1)
Change in right-of-use assets15.0 14.4 
Other adjustments, net2.1 3.2 
Changes in operating assets and liabilities, net of acquisitions and divestitures—
Contracts-in-transit, net59.7 50.1 
Accounts receivable, net36.4 26.7 

Inventories, net14.1 (2.0)
Other current assets(53.7)(90.1)
Floor plan notes payable—trade, net(42.4)(56.9)
Deferred revenue34.2 30.1 
Accounts payable and accrued liabilities32.5 (2.8)
Operating lease liabilities(14.6)(14.2)
Other long-term assets and liabilities, net(7.8)(8.7)
Net cash provided by operating activities352.6 316.4 
CASH FLOW FROM INVESTING ACTIVITIES:
Capital expenditures—excluding real estate(117.4)(59.5)

Capital expenditures—real estate(51.9)— 

Proceeds from dealership divestitures361.5 222.3 
Purchases of debt securities—available-for-sale(57.2)(97.9)

Proceeds from the sale of debt securities—available-for-sale45.8 64.2 

Proceeds from the disposition of assets5.7 — 
Net cash provided by investing activities186.5 129.1 
CASH FLOW FROM FINANCING ACTIVITIES:
Floor plan borrowings—non-trade4,814.9 4,510.4 

Floor plan repayments—non-trade(4,882.2)(4,817.8)
Floor plan repayments—divestitures(77.8)(41.8)

Repayments of borrowings(66.6)(98.2)
Proceeds from revolving credit facility850.0 602.7 
Repayments of revolving credit facility(900.0)(602.7)

Purchases of treasury stock(277.6)— 
Repurchases of common stock, associated with net share settlements of 
employee share-based awards(9.9)(12.7)

Net cash used in financing activities(549.2)(460.1)
Net decrease in cash and cash equivalents(10.0)(14.6)
CASH AND CASH EQUIVALENTS, beginning of period40.4 69.4 
CASH AND CASH EQUIVALENTS, end of period$30.4 $54.8 

See Note 11 "Supplemental Cash Flow Information" for further details
See accompanying Notes to Condensed Consolidated Financial Statements
9

Table of Contents

ASBURY AUTOMOTIVE GROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Asbury Automotive Group, Inc. ("we," "us," "our," "Asbury" or the "Company"), a Delaware corporation organized in 2002, is one of the largest automotive retailers in the United States. Our store operations are conducted by our subsidiaries.
As of June 30, 2026, we owned and operated 202 new vehicle franchises (158 dealership locations), representing 34 brands of automobiles, and 37 collision centers in 14 states. For the six months ended June 30, 2026, our new vehicle revenue brand mix consisted of 41% imports, 33% luxury and 26% domestic brands. Our stores offer an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes repair and maintenance services, replacement parts and collision repair services (collectively referred to as "parts and services" or "P&S"); and finance and insurance ("F&I") products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection ("GAP") debt cancellation and prepaid maintenance. The F&I products are provided by Total Care Auto, Powered by Asbury ("TCA"), our F&I product provider, and independent third parties. The Company reflects its operations in two reportable segments: Dealerships and TCA. 
Basis of Presentation
The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), and reflect the consolidated accounts of the Company and our wholly owned subs