Asbury Automotive Group, Inc. (ABG)

In late April 2026, Asbury Automotive Group reported first-quarter revenue of US$4.11 billion, slightly below the prior year, while net income rose to US$187.8 million. Same-store revenue fell 8.8% year over year in the first quarter of 2026. The company's stock declined 0.52% in pre-market trading to $198.99 on April 28, 2026. Asbury Automotive Group also announced a portfolio optimization strategy, including the sale of 10 dealerships and the termination of three additional dealerships. The company is transitioning to a new dealer management system from Tekion, replacing CDK Global.

Demand for automotive products and services generally follows seasonal trends. Car sales are typically strongest in spring and autumn, and weakest in January and August. Promotions, especially around Labor Day and year-end, can create spikes in demand. Specific vehicle types also exhibit seasonality, and tax refund season also leads to an increase in auto sales.

Asbury Automotive Group, Inc. (ABG) is a franchised automotive retailer in the United States, headquartered in Duluth, Georgia, and was founded in 1995. As of March 31, 2026, Asbury operated 158 new-car dealerships with 202 franchises, representing 34 domestic and foreign brands. The company is a Fortune 500 company, ranking No. 242 on the 2025 list. Asbury offers new and used vehicles, parts and service, and finance and insurance products. Over 70% of its new-vehicle revenue is derived from luxury and import brands.

Asbury Automotive Group's operations are concentrated across 14 to 15 states in the United States, with a notable presence in the Sunbelt and Mid-Atlantic regions. As of March 11, 2025, there were 165 Asbury Automotive Group dealers in the U.S. The company has a strong presence in states such as Florida, Utah, Colorado, Georgia, Texas, Arizona, and Indiana. Its store brands include Herb Chambers, McDavid and Park Place, Koons, and the Larry H. Miller brand.

Asbury Automotive Group was ranked No. 242 on the 2025 Fortune 500 list. In 2023, it ranked 18th on the Forbes list of America's Best Mid-Sized Companies. The company was also recognized as one of America's Greatest Workplaces 2023 by Newsweek and one of the Best Companies to Work For in the Retailers industry by U.S. News & World Report. The company's decision to switch its dealer management system from CDK Global to Tekion could be seen as a proactive step to enhance long-term efficiency and security.

Asbury Automotive Group's ownership structure is heavily influenced by institutional investors, who collectively held approximately 111.08% of the company's shares as of April 2025. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, and Abrams Capital Management, L.p. Insider holdings stood at 5.78% in April 2025. Current President and CEO David W. Hult held 0.39% of the shares as of March 2025. MSD Capital L.P. is noted as the largest individual shareholder, owning 3.69 million shares, representing 19.17% of the company.