$ABG

Asbury Automotive Group (ABG) reports multi-year revenue growth, strong cash flow, and share repurchases. Q2 saw a 16% rise in used vehicle gross profit per unit but a 25% drop in net income due to SG&A expenses and Tekion system transition costs. The company trades at 6.39x forward earnings, with mixed institutional sentiment. Management expects Tekion completion by fall 2026 to improve margins.

Analysts upgraded several companies: Keybanc upgraded Sweetgreen (SG) to Overweight with a $9 target, JPMorgan upgraded Cenovus Energy (CVE) to Overweight with a C$58 target, Seaport Global upgraded Asbury Automotive (ABG) to Buy with a $300 target, JPMorgan upgraded Magnolia Oil & Gas (MGY) to Overweight with a $33 target, and Barclays upgraded Sensata Technologies (ST) to Overweight with a $55 target.

ASBURY AUTOMOTIVE GROUP INC (ABG) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On and effective August 19, 2026, Asbury Automotive Group, Inc. (the “Company”) and Jed Milstein, the Company’s Senior Vice

Milstein Jed (SVP & CHRO) sold 948 shares of ASBURY AUTOMOTIVE GROUP INC (ABG) at $250.28 ($0.24M total) on 2026-07-29.

Strategic Execution and Operational Context Management characterizes 2026 as a transition year centered on the nationwide rollout of the Tekion DMS, which has now surpassed the 70% implementation milestone. Performance drivers in mature Tekion markets (5+ months post-conversion) show double-digit productivity gains; specifically, in the month of June, these stores grew average units per salesperson by 12% and increased dollars per technician by 10%.

Asbury Automotive Group (ABG) reported Q2 2026 adjusted EPS of $6.82, up from $6.30 consensus, while revenues were $4.38B, missing the $4.46B estimate. The EPS beat was driven by stronger used-vehicle profitability despite weaker new-vehicle margins. ABG also detailed segment revenue, margins, cash flow, and a Tekion rollout update.

UBS raised its price target on Asbury Automotive to $250 from $221 and kept a Neutral rating, according to the note cited by the article. The stock is shown trading around $250.54 at publication, with the article referencing UBS’s valuation and earnings revision framework.

Ford (F) faces margin pressure from multiple recalls, including 565,691 Bronco/Bronco Raptor engine-compartment wiring and 387,911 Explorer/Aviator seat defects, with warranty and remediation costs affecting results. The article says dealer groups may profit from recall-related service work, highlighting Lithia (LAD) and Group 1 (GPI) as best positioned, with parts and service revenue and margins cited.

Asbury Automotive (ABG) shares rose 3.3% pre-open after the company reported Q2 2026 adjusted EPS of $6.82, above the $6.46 consensus. Revenue was $4.4B, roughly flat and below $4.51B estimates. GAAP net income fell 25% to $115M. Used retail gross profit per unit rose 16% to $2,002 and Tekion rollout neared 70% completion.

ASBURY AUTOMOTIVE GROUP INC (ABG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2ex991.htm EX-99.1 Document Exhibit 99.1 Investors & Reporters May Contact: Joe Sorice Sr. Manager, Investor Relations (770) 418-8211 ir@asburyauto.com Asbury Automotive Group Reports Second Quarter Results • Revenue of $4.4 billion • Gross Profit of $753 million