Asbury Automotive (ABG)
Market Price (7/4/2026): $205.26 | Market Cap: $3.9 BilSector: Consumer Discretionary | Industry: Automotive Retail
Asbury Automotive (ABG)
Market Price (7/4/2026): $205.26Market Cap: $3.9 BilSector: Consumer DiscretionaryIndustry: Automotive Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.8%, FCF Yield is 14% Low stock price volatilityVol 12M is 33% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Experiential Retail, Show more. | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -84% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 138% Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.9% Key risksABG key risks include [1] an FTC lawsuit alleging deceptive and discriminatory sales practices and [2] operational disruptions from the major cyber-attack on its key vendor, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.8%, FCF Yield is 14% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Experiential Retail, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -84% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 138% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.9% |
| Key risksABG key risks include [1] an FTC lawsuit alleging deceptive and discriminatory sales practices and [2] operational disruptions from the major cyber-attack on its key vendor, Show more. |
Qualitative Assessment
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Asbury Automotive (ABG) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Mixed Fiscal Q1 2026 Performance. Asbury Automotive Group reported a mixed financial picture for its fiscal Q1 2026, which ended March 31, 2026, with results released on April 28, 2026. While GAAP diluted EPS increased 47% year-over-year to $9.87, this was significantly bolstered by a $125.8 million gain from dealership divestitures. However, adjusted diluted EPS, a key measure of underlying performance, decreased by 24% to $5.37, missing consensus estimates of $5.62 by $0.25. Additionally, quarterly revenue of $4.11 billion fell short of analyst expectations of $4.37 billion and represented a 0.9% decline year-over-year, with same-store revenue decreasing by 9%. This combination of non-recurring gains masking a decline in core profitability likely contributed to the stock's stable trend rather than a significant upward or downward movement.
2. Increased Operating Cost Intensity. During fiscal Q1 2026, Asbury Automotive Group experienced an increase in its operating expenses. The Selling, General, and Administrative (SG&A) expenses as a percentage of gross profit rose to 70.2%, up from 63.0% in fiscal Q1 2025. This indicated higher operating cost intensity which could have pressured profitability and offset any potential positive catalysts, contributing to the stock's largely unchanged level.
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Asbury Automotive (ABG) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Mixed Fiscal Q1 2026 Performance. Asbury Automotive Group reported a mixed financial picture for its fiscal Q1 2026, which ended March 31, 2026, with results released on April 28, 2026. While GAAP diluted EPS increased 47% year-over-year to $9.87, this was significantly bolstered by a $125.8 million gain from dealership divestitures. However, adjusted diluted EPS, a key measure of underlying performance, decreased by 24% to $5.37, missing consensus estimates of $5.62 by $0.25. Additionally, quarterly revenue of $4.11 billion fell short of analyst expectations of $4.37 billion and represented a 0.9% decline year-over-year, with same-store revenue decreasing by 9%. This combination of non-recurring gains masking a decline in core profitability likely contributed to the stock's stable trend rather than a significant upward or downward movement.
2. Increased Operating Cost Intensity. During fiscal Q1 2026, Asbury Automotive Group experienced an increase in its operating expenses. The Selling, General, and Administrative (SG&A) expenses as a percentage of gross profit rose to 70.2%, up from 63.0% in fiscal Q1 2025. This indicated higher operating cost intensity which could have pressured profitability and offset any potential positive catalysts, contributing to the stock's largely unchanged level.
3. Persistent Macroeconomic Headwinds in Auto Retail. The broader automotive retail market continued to face challenges throughout fiscal Q2 2026 (April 1 to June 30, 2026), limiting growth potential for companies like Asbury Automotive. Retail new-vehicle sales were projected to be largely flat, with a slight decrease of 0.2% in fiscal Q2 2026 compared to Q2 2025. Industry growth was also hampered by elevated finance rates, which averaged around 7%, and subdued leasing rates, remaining below 20%. Furthermore, new car transaction prices remained high, averaging approximately $50,900 in the spring of 2026, which may have constrained consumer demand. These macroeconomic conditions created a difficult environment for significant stock appreciation.
4. Strategic Capital Allocation and Shareholder Returns. Asbury Automotive Group actively managed its capital during this period, which likely provided a floor to the stock price. In fiscal Q1 2026, the company divested ten dealerships and terminated seven franchises, generating approximately $210 million in net proceeds. Concurrently, Asbury repurchased about 678,000 shares of its common stock for $147 million. These strategic actions, aimed at optimizing the company's portfolio and returning value to shareholders, likely provided a counterbalance to the operational and macroeconomic challenges, helping the stock maintain its level.
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Stock Movement Drivers
Fundamental Drivers
The 5.0% change in ABG stock from 3/31/2026 to 7/4/2026 was primarily driven by a 11.5% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 195.41 | 205.26 | 5.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,999 | 17,963 | -0.2% |
| Net Income Margin (%) | 2.7% | 3.0% | 11.5% |
| P/E Multiple | 7.6 | 7.1 | -6.6% |
| Shares Outstanding (Mil) | 19 | 19 | 1.1% |
| Cumulative Contribution | 5.0% |
Market Drivers
3/31/2026 to 7/4/2026| Return | Correlation | |
|---|---|---|
| ABG | 5.1% | |
| Market (SPY) | 14.5% | 27.0% |
| Sector (XLY) | 7.5% | 47.0% |
Fundamental Drivers
The -11.7% change in ABG stock from 12/31/2025 to 7/4/2026 was primarily driven by a -11.9% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 232.53 | 205.26 | -11.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,827 | 17,963 | 0.8% |
| Net Income Margin (%) | 3.1% | 3.0% | -3.1% |
| P/E Multiple | 8.1 | 7.1 | -11.9% |
| Shares Outstanding (Mil) | 20 | 19 | 2.6% |
| Cumulative Contribution | -11.7% |
Market Drivers
12/31/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| ABG | -11.7% | |
| Market (SPY) | 9.5% | 31.6% |
| Sector (XLY) | -1.7% | 45.6% |
Fundamental Drivers
The -14.0% change in ABG stock from 6/30/2025 to 7/4/2026 was primarily driven by a -36.8% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 238.54 | 205.26 | -14.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,136 | 17,963 | 4.8% |
| Net Income Margin (%) | 2.4% | 3.0% | 25.8% |
| P/E Multiple | 11.3 | 7.1 | -36.8% |
| Shares Outstanding (Mil) | 20 | 19 | 3.2% |
| Cumulative Contribution | -14.0% |
Market Drivers
6/30/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| ABG | -13.9% | |
| Market (SPY) | 21.6% | 33.3% |
| Sector (XLY) | 8.4% | 44.7% |
Fundamental Drivers
The -14.6% change in ABG stock from 6/30/2023 to 7/4/2026 was primarily driven by a -51.1% change in the company's Net Income Margin (%).| (LTM values as of) | 6302023 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 240.42 | 205.26 | -14.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,104 | 17,963 | 18.9% |
| Net Income Margin (%) | 6.2% | 3.0% | -51.1% |
| P/E Multiple | 5.5 | 7.1 | 29.0% |
| Shares Outstanding (Mil) | 22 | 19 | 13.7% |
| Cumulative Contribution | -14.6% |
Market Drivers
6/30/2023 to 7/4/2026| Return | Correlation | |
|---|---|---|
| ABG | -14.6% | |
| Market (SPY) | 74.0% | 48.1% |
| Sector (XLY) | 41.1% | 52.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ABG Return | 19% | 4% | 26% | 8% | -4% | -15% | 36% |
| Peers Return | 47% | -7% | 46% | 15% | 3% | -0% | 136% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| ABG Win Rate | 50% | 50% | 67% | 33% | 33% | 43% | |
| Peers Win Rate | 60% | 53% | 60% | 53% | 52% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| ABG Max Drawdown | -31% | -30% | -26% | -21% | -31% | -31% | |
| Peers Max Drawdown | -22% | -32% | -26% | -18% | -25% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LAD, PAG, AN, GPI, SAH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/2/2026 (YTD)
How Low Can It Go
| Event | ABG | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.3% | -9.5% |
| % Gain to Breakeven | 18.1% | 10.5% |
| Time to Breakeven | 20 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.9% | -6.7% |
| % Gain to Breakeven | 24.8% | 7.1% |
| Time to Breakeven | 62 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.0% | -24.5% |
| % Gain to Breakeven | 23.5% | 32.4% |
| Time to Breakeven | 21 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.4% | -33.7% |
| % Gain to Breakeven | 134.9% | 50.9% |
| Time to Breakeven | 103 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.3% | -19.2% |
| % Gain to Breakeven | 11.5% | 23.8% |
| Time to Breakeven | 5 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.5% | -3.7% |
| % Gain to Breakeven | 11.7% | 3.9% |
| Time to Breakeven | 11 days | 6 days |
In The Past
Asbury Automotive's stock fell -1.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.8% gain to breakeven.
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| Event | ABG | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -57.4% | -33.7% |
| % Gain to Breakeven | 134.9% | 50.9% |
| Time to Breakeven | 103 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -46.8% | -12.2% |
| % Gain to Breakeven | 88.0% | 13.9% |
| Time to Breakeven | 1247 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -35.3% | -6.8% |
| % Gain to Breakeven | 54.6% | 7.3% |
| Time to Breakeven | 706 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.8% | -17.9% |
| % Gain to Breakeven | 31.3% | 21.8% |
| Time to Breakeven | 21 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -34.9% | -15.4% |
| % Gain to Breakeven | 53.7% | 18.2% |
| Time to Breakeven | 121 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -86.5% | -53.4% |
| % Gain to Breakeven | 639.4% | 114.4% |
| Time to Breakeven | 327 days | 1085 days |
In The Past
Asbury Automotive's stock fell -1.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Asbury Automotive (ABG)
Asbury Automotive Group (ABG) operates as a prominent automotive retailer across the United States. The company's core business involves the sale of both new and used vehicles, offering a wide selection of models from 31 distinct automotive brands through its extensive network of dealerships.
Beyond vehicle sales, Asbury Automotive provides a comprehensive suite of related products and services designed to support the entire vehicle ownership lifecycle. This includes essential vehicle repair and maintenance services, the sale of replacement parts, and collision repair services offered through its dedicated centers. Additionally, the company offers various finance and insurance (F&I) products, such as arranging vehicle financing through third parties and providing aftermarket options like extended service contracts, guaranteed asset protection (GAP), and prepaid maintenance plans.
The primary customers for Asbury Automotive are individual consumers and businesses located throughout the United States seeking to purchase vehicles, or requiring ongoing maintenance, repair, or collision services for their existing vehicles. As of late 2021, ABG's operations included 205 new vehicle franchises across 155 dealership locations and 35 collision centers, positioning it as a full-service provider for vehicle acquisition and care in its served markets.
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1. Best Buy for cars
2. Marriott for car dealerships
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- New Vehicles: Sale of new cars, trucks, and other automobiles.
- Used Vehicles: Sale of pre-owned cars, trucks, and other automobiles.
- Vehicle Repair & Maintenance Services: Services for the upkeep, diagnosis, and repair of vehicles.
- Replacement Parts: Sale of genuine and aftermarket parts for vehicle repairs and maintenance.
- Collision Repair Services: Services focused on repairing vehicles that have sustained accident damage.
- Vehicle Financing: Arranging financing options for customers purchasing vehicles through third-party lenders.
- Aftermarket Insurance & Service Products: Offerings such as extended service contracts, guaranteed asset protection (GAP) debt cancellation, prepaid maintenance plans, and credit life/disability insurance.
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Asbury Automotive (ABG) primarily sells to individual consumers rather than other companies. Based on its operations as an automotive retailer with dealerships and collision centers, its major customer categories include:
- New Vehicle Purchasers: Individuals seeking to purchase brand new cars, trucks, and SUVs, often looking for the latest models, features, and manufacturer warranties.
- Used Vehicle Purchasers: Individuals looking for pre-owned vehicles, typically seeking a more economical option or a specific model no longer available new.
- Vehicle Service and Parts Customers: Vehicle owners (both those who purchased from Asbury and those who did not) who require routine maintenance, vehicle repairs, collision repair services, or replacement parts for their automobiles. This category also includes customers purchasing aftermarket products like extended service contracts.
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David W. Hult
President & Chief Executive Officer
David W. Hult joined Asbury Automotive in 2014, serving as Executive Vice President and Chief Operating Officer before being appointed President and Chief Executive Officer in January 2018. Under his leadership, Asbury has undergone significant expansion, including the acquisition of Larry H. Miller Dealerships. Prior to his tenure at Asbury, Mr. Hult was the Chief Operating Officer for RLJ McLarty Landers. He also held several positions at Group 1 Automotive, Inc., including Vice President of Fixed Operations & Marketing and Regional Vice President (East). Mr. Hult is an alumnus of Harvard Business School. He is expected to transition to the role of Executive Chairman in May 2026.
Daniel Clara
Chief Operating Officer
Daniel Clara is the Chief Operating Officer of Asbury Automotive Group, a role he assumed in February 2025. He will succeed David W. Hult as President and Chief Executive Officer in May 2026. Mr. Clara began his career with Asbury in July 2002 as a client advisor in a Management in Training program. Over his more than two decades at the company, he has advanced through numerous leadership positions, including sales advisor, F&I manager, new car manager, used car manager, general sales manager, general manager, market director, regional vice president, and Senior Vice President of Operations. He is responsible for driving operational excellence and profitable growth initiatives. Mr. Clara earned his bachelor's degree in International Business from Northwood University.
Michael Welch
Senior Vice President, Chief Financial Officer
Michael Welch was appointed Senior Vice President and Chief Financial Officer of Asbury Automotive Group in August 2021. He brings over 20 years of experience in the automotive retail industry to his role. Before joining Asbury, Mr. Welch served as Vice President and Corporate Controller at Group 1 Automotive, Inc. from June 2019. He held various roles of increasing responsibility at Group 1 Automotive from June 2000 to June 2019, gaining extensive experience in financial management, treasury, accounting, and auditing. Mr. Welch started his career at Price Waterhouse and is a Certified Public Accountant (CPA) in Texas.
Jed Milstein
Senior Vice President & Chief Human Resources Officer
Jed Milstein serves as the Senior Vice President and Chief Human Resources Officer for Asbury Automotive Group, a position he has held since January 2018, having joined the company in July 2016 as Vice President & CHRO. Prior to Asbury, Mr. Milstein was the Chief Human Resources Officer and Executive Vice President of AmeriCold Logistics, LLC from May 2013 to July 2016, and Executive Vice President of Human Resources for TransCentra. Notably, he also served as Lead Human Resource Executive for Cerberus Operations and Advisory Company, where he provided strategic human resource leadership to several Cerberus portfolio companies, indicating a pattern of managing companies backed by private equity firms. Earlier in his career, he was a Deputy Attorney General for the State of New Jersey. Mr. Milstein holds a J.D. from George Washington University Law School and a BBA from the University of Michigan.
Dean Calloway
Senior Vice President, General Counsel & Secretary
Dean Calloway was appointed Senior Vice President, General Counsel & Secretary of Asbury Automotive Group in July 2024. He joined Asbury in October 2013 as Assistant General Counsel and advanced through several legal roles, including Associate General Counsel and Vice President and Associate General Counsel. In his role, he advises on a broad range of legal matters including automotive franchise law, corporate governance, litigation, regulatory compliance, cybersecurity, and human resources. Before joining Asbury, Mr. Calloway was a litigation partner in the Atlanta office of an Am Law 15 firm. He holds a J.D. from The Law School at the University of Chicago, an M.S. from Carnegie Mellon University, and a B.S. from the University of Washington.
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Asbury Automotive Group (ABG) faces several key risks that could impact its business operations and financial performance. These risks stem from broader economic factors, the company's strategic growth initiatives, and evolving industry dynamics.
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Macroeconomic Headwinds and Interest Rate Fluctuations: As an automotive retailer, Asbury Automotive Group is highly susceptible to macroeconomic conditions, including the potential for a U.S. recession and changes in interest rates. A challenging economic backdrop, characterized by elevated uncertainty and job market weakness, can directly impact consumer spending on big-ticket items like vehicles. Slower Federal Reserve rate cuts or rising interest rates can increase financing costs for consumers, making vehicle purchases less affordable and dampening overall demand. This directly affects vehicle sales, which are a core revenue stream for the company.
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Acquisition Integration Challenges and High Indebtedness: Asbury Automotive Group has pursued an aggressive acquisition strategy to drive growth, such as the acquisition of The Herb Chambers Companies. While acquisitions expand its footprint, they also present significant integration risks. Successfully assimilating acquired businesses and realizing anticipated benefits and synergies requires meticulous management, and failure to do so can lead to increased expenses or unanticipated liabilities. Furthermore, the company carries a substantial amount of total debt, which could limit its future financial flexibility and increase its vulnerability to economic downturns or further increases in interest rates.
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Pressure on Vehicle Profit Margins and Industry Transformation: The automotive retail industry is undergoing significant changes, and Asbury Automotive Group is experiencing pressure on its profit margins. The company has seen declining gross profit per unit for both new and used vehicles due to factors like inventory normalization and affordability issues. This margin compression impacts overall profitability. Additionally, the broader industry faces challenges from the ongoing shift towards electric vehicles (EVs) and evolving consumer preferences, which require dealerships to adapt their sales and service models. Intense competition within the highly saturated automotive retail market also contributes to persistent pricing and margin pressures.
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Automobile manufacturers adopting direct-to-consumer sales models, bypassing traditional dealerships.
The increasing market share of electric vehicles (EVs), which generally require significantly less maintenance and fewer replacement parts than internal combustion engine vehicles.
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Asbury Automotive Group, Inc. (ABG) operates in several key addressable markets within the United States for its automotive products and services:
- New and Used Vehicle Sales: The United States automotive dealership market is projected to reach USD 3.08 trillion in 2026 and is forecast to grow to USD 3.83 trillion by 2031, with a compound annual growth rate (CAGR) of 4.47% from 2026-2031. Specifically, the used car market in the U.S. reached approximately USD 339.08 billion in 2025 and is projected to grow to nearly USD 568.31 billion by 2035, at a CAGR of 5.30% from 2026-2035. The U.S. light-duty vehicle sales stood at 15.85 million units in 2024.
- Vehicle Repair and Maintenance Services & Replacement Parts Sales: The U.S. automotive aftermarket, which includes both parts and service, reached USD 260 billion in 2024 and is estimated to reach USD 348 billion by 2032, growing at a CAGR of 3.7% between 2025-2032. Another source indicates the U.S. automotive aftermarket size was USD 238.40 billion in 2025 and is estimated to surpass around USD 364.49 billion by 2035. The U.S. automotive repair & maintenance service market alone was valued at USD 183.4 billion in 2023 and is estimated to grow at a CAGR of 10.1% between 2024 and 2032. North America commanded 38.10% of the Automotive repair and maintenance service market share in 2025.
- Collision Repair Services: The U.S. automotive collision repair market was valued at USD 34.73 billion in 2024 and is expected to reach USD 43.32 billion by 2032, growing at a CAGR of 2.80% during the forecast period. Another report stated the U.S. automotive collision repair market generated revenue of USD 37,143.4 million in 2024 and is expected to reach USD 38,950.3 million by 2030, with a CAGR of 0.8% from 2025 to 2030.
- Finance and Insurance (F&I) Products: North America holds approximately 45% of the Automotive F&I Solution Market Share. The U.S. Automotive F&I Solution Market is projected to achieve USD 857.94736 million in 2026 and is anticipated to grow to USD 1852.94368 million by 2035, expanding at a CAGR of 8.7% over the period 2026–2035. The U.S. automotive finance market was valued at USD 74.33 billion in 2024 and is expected to reach USD 145.95 billion by 2032, growing at a CAGR of 8.80% from 2025-2032.
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Asbury Automotive Group (ABG) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Strategic Acquisitions and Market Expansion: Asbury Automotive has consistently pursued an aggressive acquisition strategy to expand its geographic footprint and increase its revenue base. A notable example is the acquisition of The Herb Chambers Companies in 2025, which was expected to contribute approximately $3.2 billion in annual revenue. The company aims for a total revenue target of $30 billion by 2030, with strategic acquisitions being a primary component of this growth.
- Expansion of Parts and Service Business: This segment is a high-margin, less cyclical, and stable revenue stream for Asbury. The company anticipates mid-single-digit growth in customer-paid services, benefiting from the increasing average age and complexity of vehicles on the road. Investments in collision centers and dealership service departments are expected to capitalize on rising service requirements.
- Omnichannel Strategy and Digital Innovation: Asbury is heavily investing in its digital retailing platform, Clicklane, to provide a seamless end-to-end online car-buying and selling experience. This digital platform aims to integrate online and in-store customer journeys. Additionally, the company is rolling out the Tekion dealer management system (DMS) across its dealerships, which is expected to streamline operations, enhance the guest experience, and contribute to efficiency and growth.
- Growth in Finance and Insurance (F&I) Products: Asbury focuses on maximizing profit-per-vehicle (PVR) by enhancing its finance and insurance product offerings. The integration of Total Care Auto (TCA) service offerings across its dealership portfolio is expected to bolster F&I revenue streams.
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Share Repurchases
- As of February 25, 2026, Asbury Automotive Group had a total share repurchase authorization of $500 million, following a board approval to increase the program by $424 million. Year-to-date in 2026, the company had spent $100 million to buy back 441,000 shares.
- In 2025, the company repurchased 1,508,925 shares for $330.29 million under its May 2023 buyback program. Additionally, $99.9 million was used to repurchase 432,752 shares, with $175.9 million remaining authorized for future repurchases by year-end 2025.
- In 2024, the board increased the share repurchase authorization to $400 million, with approximately 281,000 shares repurchased for $59 million year-to-date. In 2023, a new authorization for up to $250 million was approved, leading to the repurchase of approximately 1.1 million shares for $211 million year-to-date.
Outbound Investments
- In February 2025, Asbury Automotive Group acquired The Herb Chambers Companies for approximately $1.34 billion, or a net purchase price of $1.45 billion. This acquisition included 33 dealerships, 52 franchises, and three collision centers, which generated $3.2 billion in revenue in 2024, expanding Asbury's presence in the northeastern United States.
- In September 2023, the company acquired Koons Automotive, diversifying its geographic mix by expanding into the greater Washington-Baltimore region.
- In December 2021, Asbury Automotive Group completed the acquisitions of Larry H. Miller Dealerships, Landcar, and Stevinson Automotive.
Capital Expenditures
- Asbury Automotive Group anticipates approximately $250 million in capital expenditures for both 2026 and 2027.
- In 2025, the company spent $186 million in capital expenditures, excluding real estate purchases.
- The primary focus of capital expenditures in 2026 is expected to be on upgrading facilities, expanding service capacity, and investing in technology, such as the Tekion rollout.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 195.85 |
| Mkt Cap | 5.2 |
| Rev LTM | 24,983 |
| Op Inc LTM | 1,105 |
| FCF LTM | 372 |
| FCF 3Y Avg | 132 |
| CFO LTM | 598 |
| CFO 3Y Avg | 347 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | -1.0% |
| QoQ Delta Rev Chg LTM | -0.2% |
| Op Inc Chg LTM | -1.5% |
| Op Inc Chg 3Y Avg | -6.2% |
| Op Mgn LTM | 4.1% |
| Op Mgn 3Y Avg | 4.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 2.8% |
| CFO/Rev 3Y Avg | 1.9% |
| FCF/Rev LTM | 1.7% |
| FCF/Rev 3Y Avg | 0.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dealerships | 17,945 | 17,108 | 14,699 | 15,341 | 9,837 |
| Total Care Auto (TCA) | 326 | 304 | 285 | 246 | 12 |
| Elimination of inter-segment revenue | -272 | -222 | -182 | -153 | -11 |
| Total | 17,999 | 17,189 | 14,803 | 15,434 | 9,838 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Dealerships | 859 | 817 |
| Total Care Auto (TCA) | 80 | 73 |
| Total | 938 | 890 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dealerships | 10,390 | 9,228 | 9,199 | 7,171 | 7,290 |
| Total Care Auto (TCA) | 1,024 | 1,049 | 914 | 869 | 763 |
| Eliminations | 204 | ||||
| Elimination of inter-segment revenue | 60 | 46 | -19 | -50 | |
| Total | 11,618 | 10,337 | 10,159 | 8,021 | 8,003 |
Price Behavior
| Market Price | $205.40 | |
| Market Cap ($ Bil) | 3.9 | |
| First Trading Date | 03/21/2002 | |
| Distance from 52W High | -22.8% | |
| 50 Days | 200 Days | |
| DMA Price | $214.20 | $213.55 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -4.1% | -3.8% |
| 3M | 1YR | |
| Volatility | 33.8% | 32.4% |
| Downside Capture | 54.59 | 114.08 |
| Upside Capture | 48.49 | 62.42 |
| Correlation (SPY) | 29.3% | 33.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.24 | 0.62 | 0.63 | 0.74 | 0.87 | 1.11 |
| Up Beta | -0.51 | 0.12 | 0.54 | 0.93 | 0.87 | 1.13 |
| Down Beta | 1.16 | 0.96 | 1.08 | 0.79 | 0.85 | 0.88 |
| Up Capture | 58% | 50% | 41% | 34% | 53% | 115% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 13 | 23 | 38 | 64 | 127 | 378 |
| Down Capture | -22% | 80% | 72% | 96% | 109% | 107% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 8 | 18 | 25 | 61 | 122 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABG | |
|---|---|---|---|---|
| ABG | -16.0% | 32.6% | -0.50 | - |
| Sector ETF (XLY) | 8.0% | 18.6% | 0.28 | 44.7% |
| Equity (SPY) | 21.7% | 12.5% | 1.29 | 33.5% |
| Gold (GLD) | 23.1% | 27.7% | 0.73 | 8.4% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -21.0% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 38.7% |
| Bitcoin (BTCUSD) | -42.0% | 42.7% | -1.15 | 19.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABG | |
|---|---|---|---|---|
| ABG | 5.4% | 39.9% | 0.24 | - |
| Sector ETF (XLY) | 6.6% | 23.9% | 0.24 | 51.8% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 49.1% |
| Gold (GLD) | 17.9% | 18.3% | 0.79 | 5.2% |
| Commodities (DBC) | 6.9% | 19.5% | 0.25 | 9.9% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 46.2% |
| Bitcoin (BTCUSD) | 12.2% | 53.8% | 0.41 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABG | |
|---|---|---|---|---|
| ABG | 14.4% | 41.4% | 0.47 | - |
| Sector ETF (XLY) | 12.7% | 22.1% | 0.53 | 54.0% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 52.4% |
| Gold (GLD) | 12.1% | 16.1% | 0.61 | 3.6% |
| Commodities (DBC) | 5.7% | 18.0% | 0.25 | 19.0% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 48.7% |
| Bitcoin (BTCUSD) | 59.0% | 66.2% | 0.99 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 0.3% | -3.3% | -3.0% |
| 2/5/2026 | -7.0% | -2.0% | -13.6% |
| 10/28/2025 | 0.7% | 0.3% | -0.3% |
| 7/29/2025 | -3.9% | -2.3% | 11.0% |
| 4/30/2025 | 0.1% | -0.1% | 4.5% |
| 1/30/2025 | 11.5% | 10.9% | -2.2% |
| 10/29/2024 | 2.6% | 5.1% | 16.9% |
| 8/2/2024 | -10.7% | -11.1% | -6.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 13 |
| # Negative | 13 | 11 | 11 |
| Median Positive | 4.3% | 5.1% | 11.0% |
| Median Negative | -4.5% | -3.3% | -3.1% |
| Max Positive | 11.5% | 26.9% | 30.6% |
| Max Negative | -10.7% | -11.1% | -25.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 0.3% | -3.3% | -3.0% |
| 2/5/2026 | -7.0% | -2.0% | -13.6% |
| 10/28/2025 | 0.7% | 0.3% | -0.3% |
| 7/29/2025 | -3.9% | -2.3% | 11.0% |
| 4/30/2025 | 0.1% | -0.1% | 4.5% |
| 1/30/2025 | 11.5% | 10.9% | -2.2% |
| 10/29/2024 | 2.6% | 5.1% | 16.9% |
| 8/2/2024 | -10.7% | -11.1% | -6.8% |
| 4/25/2024 | -2.0% | -4.9% | 3.0% |
| 2/8/2024 | -1.9% | 4.9% | -0.5% |
| 10/25/2023 | -0.9% | 2.6% | 11.0% |
| 7/25/2023 | -6.3% | -3.2% | -6.0% |
| 4/25/2023 | -9.3% | -4.1% | -0.2% |
| 2/2/2023 | 4.3% | 0.3% | 2.8% |
| 10/27/2022 | 2.2% | 0.5% | 17.4% |
| 7/28/2022 | 5.2% | 9.2% | 15.4% |
| 4/28/2022 | 9.9% | 26.9% | 13.1% |
| 2/15/2022 | 8.8% | 14.7% | 19.6% |
| 10/26/2021 | -6.6% | -9.6% | -25.4% |
| 7/27/2021 | -0.0% | 3.7% | -3.1% |
| 4/27/2021 | -1.5% | -2.8% | -6.8% |
| 2/2/2021 | -4.5% | 9.0% | 10.3% |
| 10/27/2020 | -9.0% | -6.1% | 8.6% |
| 7/6/2020 | 9.3% | 15.3% | 30.6% |
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 13 |
| # Negative | 13 | 11 | 11 |
| Median Positive | 4.3% | 5.1% | 11.0% |
| Median Negative | -4.5% | -3.3% | -3.1% |
| Max Positive | 11.5% | 26.9% | 30.6% |
| Max Negative | -10.7% | -11.1% | -25.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 10/26/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/27/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/03/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Insider Activity
Updated 7/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Disantis, B. Christopher | Direct | Buy | 5222026 | 182.31 | 157 | 28,623 | 1,166,784 | Form | |
| 2 | Disantis, B. Christopher | Direct | Buy | 3112026 | 202.30 | 500 | 101,150 | 1,092,420 | Form | |
| 3 | Hult, David W | President & CEO | Direct | Buy | 3092026 | 205.34 | 5,000 | 1,026,706 | 18,620,963 | Form |
| 4 | Milstein, Jed | SVP & CHRO | Direct | Sell | 11262025 | 235.26 | 1,132 | 266,314 | 2,384,360 | Form |
| 5 | Morrison, Maureen F | Direct | Sell | 9022025 | 255.61 | 800 | 204,488 | 1,488,673 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Disantis, B. Christopher | Direct | Buy | 5222026 | 182.31 | 157 | 28,623 | 1,166,784 | Form | |
| 2 | Disantis, B. Christopher | Direct | Buy | 3112026 | 202.30 | 500 | 101,150 | 1,092,420 | Form | |
| 3 | Hult, David W | President & CEO | Direct | Buy | 3092026 | 205.34 | 5,000 | 1,026,706 | 18,620,963 | Form |
| 4 | Milstein, Jed | SVP & CHRO | Direct | Sell | 11262025 | 235.26 | 1,132 | 266,314 | 2,384,360 | Form |
| 5 | Morrison, Maureen F | Direct | Sell | 9022025 | 255.61 | 800 | 204,488 | 1,488,673 | Form | |
| 6 | Calloway, Dean | SVP, General Counsel & Sec | Direct | Sell | 8252025 | 254.40 | 400 | 101,760 | 1,347,048 | Form |
| 7 | Milstein, Jed | SVP & CHRO | Direct | Sell | 8252025 | 253.26 | 1,132 | 286,690 | 2,853,480 | Form |
| 8 | James, Juanita T | Direct | Sell | 8202025 | 244.10 | 625 | 152,562 | 1,673,306 | Form | |
| 9 | Abrams, Capital Management, LP | See Footnotes | Buy | 8012025 | 225.16 | 46,952 | 10,571,698 | 487,018,630 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Retail Resources |
| Automotive News |
| Ward's Auto |
| CBT News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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