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Asbury Automotive Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the Securities and Exchange Commission on October 30, 2026, reporting third-quarter total revenue of $4.41 billion and net income of $105.1 million.

Key Highlights

  • Total revenue: $4,413.6 million for the three months ended September 30, 2026, compared with $4,800.9 million for the same period in 2025.
  • Net income: $105.1 million for Q3 2026, down from $147.1 million in Q3 2025.
  • Diluted EPS: $5.84 for the three months ended September 30, 2026, versus $7.52 for the same quarter of 2025.
  • Nine-month net income: $407.6 million for the nine months ended September 30, 2026, compared with $432.0 million for the nine months ended September 30, 2025.
  • Total assets: $11,350.1 million as of September 30, 2026, versus $11,618.2 million as of December 31, 2025.
  • Shares outstanding: 17,954,574 shares of common stock as of October 28, 2026.
  • Gain on dealership divestitures, net: $126.4 million for the nine months ended September 30, 2026, compared with $45.8 million for the same period of 2025.

Asbury Automotive Reports Lower Q3 2026 Revenue and Earnings Across Key Segments

According to the filing, Asbury Automotive Group (NYSE:ABG) reported total revenue of $4,413.6 million for the three months ended September 30, 2026, a decline from $4,800.9 million in the comparable prior-year quarter. New vehicle revenue was $2,293.0 million versus $2,528.9 million, while used vehicle revenue came in at $1,294.2 million compared with $1,412.2 million. Parts and service revenue was $644.0 million, down from $659.4 million. Finance and insurance net revenue totaled $182.5 million, compared with $200.3 million in Q3 2025.

The filing disclosed gross profit of $731.5 million for the third quarter of 2026, down from $802.5 million in the prior-year period. Income from operations was $206.6 million versus $242.6 million a year earlier. Income before income taxes was $139.1 million compared with $200.2 million in Q3 2025, and income tax expense was $34.0 million versus $53.1 million. The company reported no asset impairments in Q3 2026, compared with $11.7 million in Q3 2025, according to the filing.

On the balance sheet, the filing showed total shareholders' equity of $4,031.5 million as of September 30, 2026, up from $3,891.9 million as of December 31, 2025. Cash and cash equivalents stood at $84.5 million, compared with $40.4 million at year-end 2025. Inventories, net, were $2,005.3 million versus $2,135.8 million at December 31, 2025. The filing also noted that during the first quarter of 2026, the company repurchased 678,243 shares at a cost of $147.0 million, which were subsequently retired. Total long-term debt as of September 30, 2026 was $2,930.4 million, compared with $3,092.8 million at December 31, 2025.

What Was Disclosed

Asbury Automotive Group filed its quarterly report covering the period ended September 30, 2026, disclosing declines in revenue, gross profit, and net income compared with Q3 2025, alongside balance sheet data showing reduced total assets and long-term debt relative to December 31, 2025.