Asbury earnings fell in the third quarter of 2026, with revenue of $4.4 billion and earnings per share of $5.84 both below analyst estimates. The automotive retailer reported net income of $105 million, down from $147 million a year earlier.

Key Takeaways

  • Analysts had estimated revenue of $4.57 billion and earnings of $6.93 per share.
  • Adjusted net income fell to $111 million from $140 million a year earlier.
  • Asbury attributed the adjusted profit decline in part to operational transformation expenses, including its Tekion technology rollout.

Asbury earnings and revenue decline

Asbury released its third-quarter results on October 27, 2026. Revenue declined from $4.8 billion in the same quarter of 2025, while earnings per share fell from $7.52. Gross profit was $732 million, compared with $802 million a year earlier.

The comparisons with analyst estimates are separate from the year-over-year declines. The available information does not specify the accounting basis of the earnings estimate.

ItemDetails
New vehicle revenue$2.3 billion
Used vehicle retail revenue$1.2 billion
Gross margin16.6%
Operating margin4.7%

Vehicle sales and transformation costs

New vehicle revenue totaled $2.3 billion in the quarter, and used vehicle retail revenue was $1.2 billion. Finance and insurance revenue per vehicle retailed was $2,176.

Asbury attributed the decline in adjusted net income to operational transformation expenses, including the rollout of Tekion technology. Adjusted net income excludes certain expenses and is separate from reported net income.

The company reported $210 million in cash and investments and access to $1.0 billion in liquidity.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.