ASBURY AUTOMOTIVE GROUP INC (ABG): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Asbury Automotive (ABG) reported Q3 2026 revenue of $4.4B, down 8% YoY, with adjusted EPS at $6.16. Adjusted net income fell 21% YoY to $111M. EV sales dropped 76% YoY. Management aims to reduce leverage below 3x by mid-2027 and expects SG&A to improve to low-60% by 2027. Challenges include Stellantis inventory issues and noncash deferrals.

Asbury Automotive Group (ABG) reported Q3 earnings, with new-vehicle gross profit per unit down 6% sequentially to $2,949, within its expected range. EV sales declined 76% YoY, while used-vehicle operations improved, with gross profit per vehicle up 10% to $1,777. Parts and service results lagged expectations. The company generated $525M in adjusted operating cash flow YTD and aims to reduce leverage below 3x by mid-2027. ABG also announced the dismissal of an FTC proceeding against it.

Asbury Automotive (ABG) completed its transition to the Tekion platform, boosting operational efficiency. Stores on the platform for over six months saw a 7% growth in customer pay gross profit. The company shifted its used vehicle strategy, increasing used retail PVR by 10% to $1.78K. Management expects SG&A as a percentage of gross profit to reach the low-60% range by the end of 2027 and aims to reduce net leverage to below 3x by mid-2027.

Asbury Automotive (NYSE:ABG) reported Q3 2026 revenue of $4.4B and adjusted EPS of $6.16, missing estimates. Despite declines, shares rose 9.67% on tech rollout completion. Revenue grew 152% since 2020, with EBITDA up 24% CAGR. Parts & Service showed resilience, while EV sales dropped 76% YoY. Management targets margin improvement in 2027.

Asbury Automotive Group Inc. (NYSE: ABG) reported Q3 earnings of $6.16 per share, missing estimates of $6.60. Revenue was $4.4B, down 8% YoY. Net income fell 29% to $105M. Shares dropped 1.02%. The company completed a major technology initiative, converting all stores to Tekion. Gross profit and margins declined across vehicle sales and services.

Asbury Automotive reported Q3 2026 revenue of $4.4B, down 8% YoY, with net income of $105M, a 29% decrease. EPS was $5.84, while adjusted EPS was $6.16. The company completed its Tekion conversion and expanded Total Care Auto. Used retail unit volume rose 4.5% sequentially.