Asbury Automotive Group

Asbury Automotive reported adjusted earnings per share of $6.82 for Q2 2026, beating the consensus of $6.46. Revenue was $4.4 billion, slightly below the estimate of $4.51 billion, while GAAP net income fell about 25% to $115 million ($6.25 per diluted share). Gross profit per used vehicle rose 16% to $2,002, and the rollout of dealer management system Tekion is roughly 70% complete. The positive EPS surprise and operational improvements in the used-vehicle segment drove the stock higher in premarket trading; the price was $234.19. » More on de.investing.com

Asbury Automotive shares fell to a 52-week low of $184.61, down 21.24% year to date. The stock trades at a P/E ratio of 6.63 and is rated significantly undervalued by InvestingPro. In Q1 2026 Asbury missed expectations with adjusted EPS of $5.37 (forecast $5.63) and revenue of $4.1 billion (forecast $4.38 billion). Additionally, David Hult moved into the role of Executive Chairman, Dan Clara is the new CEO, and shareholders reduced several qualified majority requirements to simple majorities. » More on de.investing.com

Shareholders of Asbury Automotive Group approved amendments to the bylaws and certificate of incorporation at the annual meeting that replace the previously required 80% qualified majority in some cases with a simple majority. The vote on the amendment was approved by 16,612,986 to 18,028 votes; additionally, all eleven directors were elected and Ernst & Young was ratified as the independent auditor. A shareholder proposal on special general meetings was rejected. » More on de.investing.com