# Asbury Automotive Group, Inc. (ABG)

> Source: Nexqual · https://nexqual.com/ABG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Asbury Automotive Group, Inc. (ABG), nexqual.com/ABG" · informational, not investment advice.

**Price:** USD 173.43 (+5.72% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 164.05 · day 165.99–173.78 · 52w 160.3–258.75 · market cap $3.11B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $18.0B, net income $510M (2.8% margin) (SEC filings).
- Valuation: P/E 6.1x (avg 9.5x at the last 3 fiscal year-ends), EV/EBITDA 7.5x, net debt $3.44B.
- 2 of 80 tracked superinvestors hold ABG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $237K; 1 not under a Rule 10b5-1 plan ($237K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $29K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.73 on a 1–5 scale) (11 analysts), mean target USD 227 (range 184–315).
- Total return with dividends: 1Y -28.0% vs S&P 500 +14.9%; 5Y -23.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 6.42, revenue estimate $4.51B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.84B | $15.4B | $14.8B | $17.2B | $18.0B | $18.0B |
| Gross profit | $1.90B | $3.10B | $2.76B | $2.95B | $3.07B | — |
| Operating income | $792M | $1.27B | $954M | $836M | $861M | $782M |
| Net income | $532M | $997M | $603M | $430M | $492M | $510M |
| EPS (diluted) | $26.49 | $44.61 | $28.74 | $21.50 | $25.13 | — |
| Free cash flow | $1.09B | $601M | $171M | — | — | — |
| Gross margin | 19.3% | 20.1% | 18.6% | 17.2% | 17.1% | — |
| Operating margin | 8.0% | 8.2% | 6.4% | 4.9% | 4.8% | 4.4% |
| Net margin | 5.4% | 6.5% | 4.1% | 2.5% | 2.7% | 2.8% |
| Revenue growth | +37.9% | +56.9% | -4.1% | +16.1% | +4.7% | — |
| Cash + short-term investments | $190M | $241M | $51.9M | $83.8M | $40.9M | — |
| Total debt | $3.41B | $3.29B | $2.23B | $3.16B | $3.59B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 6.1x · P/S 0.2x · EV/EBITDA 7.5x · EV/Sales 0.4x · P/B 0.8x · Earnings yield 16.36% · Buyback yield (TTM) 9.33% · Net debt $3.44B · EV $6.55B
P/E at fiscal year-ends: Dec 2025 9.3x, Dec 2024 11.3x, Dec 2023 7.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold ABG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Abrams | Abrams Capital Management | 7.91% | $433M | Unchanged |
| Tweedy Browne |  | 0.16% | $2.1M | Added +42.1% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-29 | Milstein Jed | SVP & CHRO | 948 | $237K | 7.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $29K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-20 | Disantis B. Christopher | Director | 157 | $29K | 182.31 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.73 on a 1–5 scale), 11 analysts; mean target USD 227 (low 184, high 315).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | UBS | Target lowered | Neutral | $250 → $193 |
| 2026-10-06 | JP Morgan | Target lowered | Underweight | $190 → $185 |
| 2026-10-06 | Barclays | Target lowered | Equal-Weight | $265 → $230 |
| 2026-10-05 | Morgan Stanley | Target lowered | Equal-Weight | $230 → $184 |
| 2026-09-08 | Seaport Global | Upgrade | Neutral → Buy | $300 |
| 2026-08-07 | Morgan Stanley | Target raised | Equal-Weight | $220 → $230 |
| 2026-08-04 | JP Morgan | Target lowered | Underweight | $220 → $190 |
| 2026-07-31 | Citigroup | Target raised | Neutral | $212 → $250 |
| 2026-07-30 | Barclays | Target raised | Equal-Weight | $225 → $265 |
| 2026-07-15 | Barclays | Target lowered | Equal-Weight | $235 → $225 |
| 2026-07-10 | UBS | Target raised | Neutral | $202 → $221 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -28.0% | -23.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -28.1% | -5.3% |
| Volatility (annualized) | 33.8% | 37.5% |
| Max drawdown | -36.7% (Jan 2026→Oct 2026) | -44.8% (Feb 2025→Oct 2026) |

## Peers (Auto & Truck Dealerships)
GPI (Group 1 Automotive, Inc.) USD 242.79 +7.98% · VVV (Valvoline Inc.) USD 32.44 +4.24% · BGSI (Boyd Group Services Inc.) USD 83.44 +4.31% · OPLN (OPENLANE, Inc.) USD 38.05 +1.63% · SAH (Sonic Automotive, Inc.) USD 63.14 +4.05% · DRVN (Driven Brands Holdings Inc.) USD 11.82 +3.50%

## More
Full page: https://nexqual.com/ABG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ABG's own 10-K filed 2026-02-20 (https://www.sec.gov/Archives/edgar/data/1144980/000114498026000051/abg-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Ford (F) | "The majority of our floor plan notes are payable to parties unaffiliated with the entities from which we purchase our new vehicle inventory, with the exception of floor plan notes payable relating to the financing of new…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Dealerships | $4.30B | 98.1% | +0.2% | $196.9M | 4.6% |
| TCA | $82.2M | 1.9% | +3.4% | $21.1M | 25.7% |
| Total revenue | $4.38B | 100% | — | $218.1M | 5.0% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| New and used vehicle | $3.57B | 81.3% | -0.7% |
| New vehicle | $2.33B | 53.1% | +1.1% |
| Used vehicle | $1.24B | 28.2% | -3.9% |
| Used vehicle retail | $1.09B | 25.0% | -3.1% |
| Parts and service | $634.6M | 14.5% | +5.5% |
| Parts and services | $634.6M | 14.5% | +5.5% |
| Vehicle repair and maintenance services | $511.4M | 11.7% | +7.2% |
| Finance and insurance, net | $183.8M | 4.2% | +1.0% |
| Used vehicle wholesale | $141.9M | 3.2% | -9.2% |
| Sale of vehicle parts and accessories | $123.2M | 2.8% | -1.0% |
| Total revenue | $4.38B | 100% | — |
The lines above cover 238.5% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $6.42 | $6.91 | -7.1% | $4.51B | 10 |
| Next quarter (ends 2026-12-31) | $6.95 | $7.13 | -2.4% | $4.57B | 10 |
| Current fiscal year (ends 2026-12-31) | $25.60 | $25.75 | -0.6% | $17.65B | 11 |
| Next fiscal year (ends 2027-12-31) | $29.07 | $29.40 | -1.1% | $18.39B | 11 |