Short answer
ASBURY AUTOMOTIVE GROUP INC (ABG) filed an 8-K current report with the SEC on April 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Earnings release covers three months ended March 31, 2026.
ASBURY AUTOMOTIVE GROUP INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Earnings release covers three months ended March 31, 2026
- Results announced April 28, 2026, with detailed financial figures in Exhibit 99.1
- Disclosure furnished under Item 2.02 and generally excluded from Section 18 liability
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $4.1B, while adjusted EPS fell 24% to $5.37, signaling operating pressure despite reported EPS of $9.87
- Same-store revenue declined 9% and gross profit 8%, with new-vehicle gross profit per unit down 10%
- Used retail gross profit per unit rose 16% to $1,847, partially offsetting weaker new-vehicle volumes and margins
- Divestitures generated approximately $210M net proceeds from ten dealerships, supporting debt reduction and shareholder returns
- Repurchased 678,000 shares for $147M, with $453M remaining under authorization; leverage remained 3.2x; Tekion rollout exceeded 50% of stores
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