ABG

Over the past six months, Asbury Automotive Group experienced several stock events. In Q1 2026, the company reported a 42% increase in net income and EPS year-over-year, despite flat revenue and a 24% decrease in adjusted net income. During the same quarter, Asbury sold 10 dealerships and terminated three others, generating a $94 million one-time gain used for share repurchases, with approximately 678,000 shares repurchased for $147 million and an increased share repurchase authorization to $500 million. In May 2026, CEO David Hult transitioned to Executive Chairman, and UBS initiated coverage with a 'Neutral' recommendation. Q2 2026 earnings, reported in July, missed analyst expectations, with net income down 25% and profit margin decreasing. In September 2026, the stock declined by 4.8% on September 17 and 17.42% over the past year, attributed to a broader reassessment of near-term auto retail conditions. The company is also undergoing a major transition to Tekion's dealer management system, with over 50% of dealerships on the new platform by Q1 2026, expected to be completed in Fall 2026 for long-term operational gains.