Asbury Automotive Q3 revenue misses estimates

Asbury Automotive

27/10/2026 11:17

Overview
U.S. auto retailer's Q3 revenue fell 8% yr/yr, missing analyst expectations
Adjusted EPS for Q3 declined 21% yr/yr and missed analyst expectations
Company completed Tekion technology rollout across all stores in October

Outlook
Company says share repurchases will depend on market conditions and capital allocation priorities
Asbury to focus on new vehicle share, used vehicle growth, and technology leverage

Result Drivers
TEKION PLATFORM - Co said Tekion technology rollout led to efficiency gains in customer pay and parts/service gross profit
USED VEHICLE SALES - Co reported sequential increase in used retail unit volume
STORE CONVERSIONS - Co completed conversion of 47 stores to Tekion platform in Q3, finishing rollout in October

Company press release: ID:nBw8xjCXha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$4.40 bln
$4.51 bln (8 Analysts)
Q3 Adjusted EPS
Miss
$6.16
$6.42 (10 Analysts)
Q3 EPS
 
$5.84
 

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 $218.00, about 26% above its October 26 closing price of $172.96
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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Oct 26 - Dorman Products Q3 sales slightly miss estimates on tariff pricing impact

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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.)