Welcome to our dedicated page for Asbury Automotive Group news (Ticker: ABG), a resource for investors and traders seeking the latest updates and insights on Asbury Automotive Group stock.
Asbury Automotive Group reports developments as a U.S. automotive retail and service company operating automobile dealerships and collision centers across 14 states. Company news commonly covers new- and used-vehicle sales, parts and service, finance and insurance products, quarterly operating results, and digital retail initiatives such as Clicklane and the Tekion dealer management system.
Updates also track portfolio management through dealership acquisitions and divestitures, capital allocation through share repurchase authorizations and leverage metrics, and governance changes including executive and board transitions. Asbury’s releases frequently frame performance around store mix, luxury and import brands, Total Care Auto products, liquidity, and dealership support operations.
Asbury Automotive Group (NYSE: ABG) announced David Hult’s transition from CEO to Executive Chairman effective May 4, 2026, with Dan Clara named CEO. During Hult’s eight-year tenure the company reports that revenue more than doubled, share price tripled, and EPS nearly quadrupled.
Asbury cites a mid-teens aggregate net ROI from acquisitions, operations across 158 dealerships in 14 states, and technology investments including Clicklane and a migration to the Tekion DMS.
Asbury Automotive Group (NYSE: ABG) reported Q1 2026 revenue of $4.1 billion, gross profit of $727 million, and GAAP net income of $188 million ($9.87 diluted EPS), a 42% increase year-over-year. Adjusted net income was $102 million ($5.37 adjusted EPS), down 24% year-over-year.
The company repurchased ~678,000 shares for $147 million, divested ten dealerships and terminated seven franchises (estimated annualized revenue impact ~$625 million) with net proceeds of ~$210 million, and reported liquidity of $1.2 billion and transaction-adjusted net leverage of 3.2x.
Asbury Automotive Group (NYSE: ABG) celebrated the grand opening of its renovated Dealership Support Center in Sandy Springs on April 7, 2026. The facility at 6655 Peachtree Dunwoody Road offers modern workspaces, wellness rooms, an arcade-style game room, and an on-site café.
The renovation began in 2025 with teams occupying the building as early as November 2025. Asbury said the new center will bring 350 new jobs to Sandy Springs; Choate Construction led the renovation and Praxis3 provided architecture and design.
Asbury Automotive Group (NYSE: ABG) will release its first quarter 2026 financial results before market open on Tuesday, April 28, 2026.
The company will host a conference call the same day at 10:00 a.m. Eastern Time, with a live webcast at https://investors.asburyauto.com. A replay will be available on the site for 30 days. Dial-in details: Domestic (877) 407-2988; International +1 (201) 389-0923; Passcode 13759872.
Asbury Automotive Group (NYSE:ABG) sold three Greenville, South Carolina dealerships — Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville — including related real estate to RBM of Atlanta; the transaction closed on Feb. 23, 2026.
Asbury retains Toyota of Greenville and its collision center and says the sale is part of a broader portfolio management initiative to optimize its footprint while preserving shareholder value.
Asbury Automotive Group (NYSE: ABG) completed the sale of ten dealerships for approximately $210 million net proceeds and announced a $424 million increase to its share repurchase authorization, bringing total buyback availability to $500 million as of February 25, 2026.
The ten dealerships generated about $610 million annualized revenue; proceeds are intended to reduce leverage to below 3.0x and support further share repurchases.
Asbury Automotive Group (NYSE:ABG) sold six Plaza Motors luxury dealerships and a collision center in St. Louis to MileOne Autogroup; the transaction and related real estate closed on Feb. 23, 2026. MileOne will retain the Plaza name. Asbury said the sale is part of portfolio management after its 2025 acquisition of 33 dealerships.
The Presidio Group advised Asbury and provided M&A services; legal counsel for both parties and real estate counsel for Asbury were named.
Park Place Dealerships (NYSE: ABG) broke ground on a new Porsche dealership and an expanded Volvo store on Lemmon Avenue in Dallas.
Park Place purchased 15 acres in December 2024, plans a state-of-the-art Porsche dealership to be completed in 2027, and will add a Volvo service facility and renovated sales showroom expected in early 2027.
Matt Bowers Automotive Group (ABG) completed acquisition of Bill Estes Chrysler Dodge Jeep Ram in Brownsburg, Indiana, from Asbury Automotive Group on February 2, 2026. The dealership will operate as Indy Chrysler Dodge Jeep Ram, marking Matt Bowers Automotive Group's first Indiana location, expansion into five states, and its third Chrysler Dodge Jeep Ram franchise.
Asbury Automotive Group (NYSE: ABG) reported record full-year 2025 revenue of $18.0 billion and transaction adjusted EBITDA of $1.1 billion. Fourth quarter 2025 revenue was $4.7 billion (+4%) with gross profit of $793 million (+6%).
Fourth quarter net income was $60 million ($3.10 per diluted share), down 53% year‑over‑year; adjusted net income was $129 million ($6.67 per diluted share). The company repurchased ~$100 million of shares during 2025 and ended the year with $927 million total liquidity and a transaction adjusted net leverage ratio of 3.2x.