$ABG

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

Ahead of Q2 2026 results, Ford, PACCAR, Oshkosh and Asbury Automotive are scheduled to report. The auto sector is expected to see Q2 2026 earnings up 15.7% YoY and revenue up 2.7% (Earnings Trend, July 22). Ford sales fell 10% YoY to 549,200; consensus EPS 33 cents and revenue $45.72B. PACCAR, OSK and ABG have lower delivery or earnings expectations per Zacks consensus.