Asbury Automotive Q2 adjusted EPS beats estimates on used vehicle profitability

Asbury Automotive

28/07/2026 12:14

Overview
U.S. auto retailer's Q2 revenue was flat yr/yr and missed analyst expectations
Adjusted EPS for Q2 beat consensus, though fell 15% yr/yr
Company repurchased $131 mln in shares during the quarter

Outlook
Company expects to complete Tekion rollout across operations this fall

Result Drivers
TEKION IMPLEMENTATION - Co said 70% of stores converted to new dealership management system, with management citing operating improvements in converted stores
USED VEHICLE PROFITABILITY - Used retail gross profit per unit rose 16% yr/yr to $2,002

Company press release: ID:nBw2QMk4Pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$4.40 bln
$4.49 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$6.82
$6.31 (10 Analysts)
Q2 EPS
 
$6.25
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."
Wall Street's median 12-month price target for Asbury Automotive Group Inc is $225.00, about 0.7% below its July 27 closing price of $226.64
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)