Asbury Automotive Group Inc

Asbury Automotive Group is one of the largest franchised car dealership groups in the United States. A franchised dealer has an agreement with a carmaker to sell its new vehicles and handle its warranty repairs. As of December 31, 2025, Asbury owned 223 new-vehicle franchises covering 36 brands at 171 dealership locations, plus 39 collision repair centers, across 15 states. Its stores run under 17 local group names, such as Larry H. Miller, Nalley and Herb Chambers.

Asbury sells new and used vehicles, mostly to individual buyers. It also repairs and services cars and earns fees for arranging loans through outside lenders and for selling add-ons such as extended service contracts. It owns Total Care Auto (TCA), which supplies many of those add-ons and is reported as a separate segment from the dealerships. In fiscal 2025, revenue was about $18.0 billion. Used vehicles made up 29% and parts and service 13.9%. Toyota, Ford and Lexus were the biggest brands, at 19%, 13% and 11% of new-vehicle revenue. Margins are thin: net profit was 2.7% of sales.

Asbury has grown by buying other dealer groups, mostly with borrowed money. It paid about $1.50 billion for the Koons stores around Washington and Baltimore in December 2023 and about $1.76 billion for Herb Chambers in the Northeast in July 2025.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $4.41B, down 8.1% from a year earlier, and net income was $105.1M (-28.6%).
• For fiscal 2025, revenue was $18.00B (+4.7% year over year; +20.3% a year from FY2020 to FY2025) with a 2.7% net margin.

• Over FY2021–FY2025: $54.0M in buybacks and $0.00 in dividends.
• The company pays no regular dividend.
• Shares outstanding changed -22.6% from Feb 28, 2022 to Oct 28, 2026.

Rank among 1514 US companies

Market value at each year end

Asbury Automotive Group’s market value went from $1.37B at the end of 2016 to $3.47B on Oct 28, 2026, about 2.5 times as much; since the end of 2025 it is down 23%.

Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 4 open-market purchases ($1.2M) and 1 sales ($237K).

Large shareholders (13G filings)

ETFs with the most weight in ABG

1. Carmakers control supply and dealer terms. Asbury gets all its new cars and parts from manufacturers and must follow their rules. Shortages, cuts to factory incentives, or trouble at a key brand such as Toyota, its largest, could hurt results.
2. Heavy debt from large acquisitions. Asbury funded the Herb Chambers deal mainly with borrowing. As of June 30, 2026, debt was about $3.48 billion and cash $35.7 million. Higher rates or a credit-rating cut could raise its costs.
3. Acquisitions may disappoint or need write-downs. Growth depends partly on buying and integrating dealer groups. Goodwill and franchise rights, intangible assets created by past deals, are a large part of its assets. If stores underperform, write-downs could cut profit and equity.
4. State laws protecting dealers could weaken. State franchise laws limit how easily carmakers can end, refuse to renew or rewrite dealer agreements. If those laws are repealed or weakened, Asbury's stores would be more exposed to losing or renegotiating franchises.
5. Storms and uninsured losses at stores. Dealerships hold large amounts of vehicles and parts at each site. Hurricanes Helene and Milton temporarily closed stores in Florida, Georgia and South Carolina in 2024. Asbury self-insures some risks, paying those losses itself.
6. Car sales rise and fall with the economy. Auto retail is a mature industry that rises and falls with the economy. Job losses, higher interest rates or tighter lending can cut sales of cars and the more profitable services tied to them.

• Oct 27, 2026 Quarterly results released
• Aug 31, 2026 Investor presentation or announcement
• Aug 25, 2026 Executive or board change
• Jul 28, 2026 Quarterly results released
• May 6, 2026 Bylaws or fiscal year changed; Shareholder vote results
• Apr 28, 2026 Quarterly results released
• Feb 5, 2026 Quarterly results released
• Feb 4, 2026 Executive or board change; Bylaws or fiscal year changed
• Dec 8, 2025 Executive or board change

Asbury Automotive pays no dividend and paid none in fiscal 2021 through 2025. Its dividend yield was 0% as of October 28, 2026. Income investors would get no regular cash from the shares and would need to sell stock to raise money. The company has bought back shares instead. Its share count fell about 7.2% between October 25, 2021 and July 29, 2026, giving each remaining share a slightly larger claim on profits.

The share price has swung widely in downturns. It fell about 90% in the 2008 financial crisis and needed more than two years after its October 2008 low to recover. It dropped 55% in the 2020 COVID crash and 27% in the 2022 bear market, a prolonged fall in stock prices. Both times it recovered in about four months. As of October 28, 2026, the stock was down 18% over one year. Single stocks carry more risk than diversified funds.