Description
Asbury Automotive’s $207 Million Adjusted EBITDA Understates Earnings Power Before Weather And Tekion Drag!
The first quarter 2026 financial results of Asbury Automotive Group reflect an ongoing business transformation characterized by significant operational shifts and portfolio optimization. The company proceeded with migrating its store operations to the Tekion dealer management system (DMS), with over 50% of stores converted and a planned full rollout by fall. While this transition is expected to yield long-term efficiency gains and cost benefits, the initial phases have incurred incremental integration costs and temporary disruptions impacting short-term productivity. Revenue for the quarter reached $4.1 billion with a gross profit of $727 million and a marginal gross profit margin expansion to 17.7%. Adjusted operating margin was 5%, yielding adjusted earnings per share of $5.37 and adjusted EBITDA of $207 million.
