ABG on NYSE

Asbury Automotive Group

Logo: Asbury Automotive Group, Public domain, via Wikimedia Commons5

Car dealership corporation

Asbury Automotive Group is an American company based in the Atlanta area that operates auto dealerships in various parts of the United States. Founded in 1995, it was ranked No.3 From Wikipedia, CC BY-SA 4.0

$169.08 up 7.11 (4.39%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1995Founded1

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  • TickerABG on NYSE1
  • Industrycar dealership1
  • HeadquartersDuluth1
  • Websitewww.asburyauto.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address6655 Peachtree Dunwoody Road, Atlanta, Ga 303286
  • Filer categoryLarge accelerated filer6

Asbury Automotive Group is an American company based in the Atlanta area that operates auto dealerships in various parts of the United States. Founded in 1995, it was ranked No. 242 on the 2025 Fortune 500 list.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.1%Gross margin8
4.8%Operating margin8
2.7%Net margin8
4.7%Revenue growth, 20258
12.6%Return on equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

New Vehicle brought in 35% of the revenue Asbury Automotive Group broke down this way in fiscal 2025.

  1. New Vehicle$9.5B835%up 7% from 2024
  2. New vehicle$9.5B835%up 7% from 2024
  3. Used vehicle retail$4.5B817%down 1% from 2024
  4. Vehicle Repair and Maintenance Services$2.0B87%up 9% from 2024
  5. Finance and insurance, net$770.6M83%up 1% from 2024
  6. Used vehicle wholesale$675.7M82%up 10% from 2024
  7. Sale Of Parts and Services$511.5M82%down 1% from 2024
Products and services by year
Products and services202320242025
New Vehicle$7.6B$8.8B$9.5B
New vehicle$7.6B$8.8B$9.5B
Used vehicle retail$4.0B$4.6B$4.5B
Vehicle Repair and Maintenance Services$1.6B$1.8B$2.0B
Finance and insurance, net$676.2M$766.0M$770.6M
Used vehicle wholesale$396.7M$612.3M$675.7M
Sale Of Parts and Services$496.3M$516.2M$511.5M

Business segments

Dealerships brought in 98% of the revenue Asbury Automotive Group broke down this way in fiscal 2025.

  1. Dealerships$17.9B898%up 5% from 2024
  2. TCA$326.1M82%up 7% from 2024
Business segments by year
Business segments202320242025
Dealerships$14.7B$17.1B$17.9B
TCA$285.2M$303.6M$326.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue83¢$14.9B
  • Selling, general and admin11¢$2.0B
  • Other costs2¢$421.9M
  • Income tax1¢$170.2M
  • Profit3¢$492.0M

Out of $18.0B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks2¢$12.8M
  • Kept or used elsewhere98¢$762.4M

Out of $775.2M of cash from operations.8

Financial statements

Revenue91011128$18.0B in 2025+150% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $7.2B$7.2B20192020: $7.1B$7.1B2020−1%2021: $9.8B$9.8B2021+38%2022: $15.4B$15.4B2022+57%2023: $14.8B$14.8B2023−4%2024: $17.2B$17.2B2024+16%2025: $18.0B$18.0B2025+5%
Gross profit91011128$3.1B in 2025+163% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.2B$1.2B20192020: $1.2B$1.2B2020+5%2021: $1.9B$1.9B2021+55%2022: $3.1B$3.1B2022+63%2023: $2.8B$2.8B2023−11%2024: $2.9B$2.9B2024+7%2025: $3.1B$3.1B2025+4%
Operating income91011128$860.6M in 2025+165% since 2019
0$500.0M$1.0B$1.5B2019: $325.0M$325.0M20192020: $370.8M$370.8M2020+14%2021: $791.8M$791.8M2021+114%2022: $1.3B$1.3B2022+61%2023: $953.5M$953.5M2023−25%2024: $835.6M$835.6M2024−12%2025: $860.6M$860.6M2025+3%
Net income91011128$492.0M in 2025+167% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $184.4M$184.4M20192020: $254.4M$254.4M2020+38%2021: $532.4M$532.4M2021+109%2022: $997.3M$997.3M2022+87%2023: $602.5M$602.5M2023−40%2024: $430.3M$430.3M2024−29%2025: $492.0M$492.0M2025+14%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Revenues$18.0B$17.2B$14.8B
TOTAL COST OF SALES$14.9B$14.2B$12.0B
GROSS PROFIT$3.1B$2.9B$2.8B
Selling, general and administrative$2.0B$1.9B$1.6B
Depreciation and amortization$82.4M$75.0M$67.7M
Asset impairments$141.0M$149.5M$117.2M
INCOME FROM OPERATIONS$860.6M$835.6M$953.5M
Floor plan interest expense$91.2M$89.9M$9.6M
Other interest expense, net$187.5M$179.1M$156.1M
Gain on dealership divestitures, net-$80.2M-$8.6M-$13.5M
Total other expenses, net$198.4M$260.3M$152.2M
INCOME BEFORE INCOME TAXES$662.2M$575.3M$801.3M
Income tax expense$170.2M$145.0M$198.8M
NET INCOME$492.0M$430.3M$602.5M
Net income (in dollars per share)$25.20$21.58$28.87
Net income (in dollars per share)$25.13$21.50$28.74
Basic (in shares)19.5M shares19.9M shares20.9M shares
Diluted (in shares)19.6M shares20.0M shares21.0M shares

Compare Asbury Automotive Group with another company

The story

Asbury Automotive was formed in 1995 by Tom Gibson, a former vice president with Subaru of America.

One of the company's original moves was to form a joint venture with Atlanta-based dealer Jim Nalley before acquiring his 11 dealerships outright in 1997. Nalley oversaw the stores until his retirement in 2004; his sons currently own dealerships across Alabama, Georgia, and Tennessee.

Eventually, Asbury would expand out of the Atlanta area, adding St. Louis–based Plaza Motors while acquiring David McDavid's Texas dealerships, and later the Jacksonville, Florida.–based Coggin Automotive and Tampa, Florida–based Courtesy Automotive in 1998. A joint venture with the North Carolina–based Crown Automotive Group in 1999 saw Asbury eventually take full ownership of those dealerships, while moving into South Carolina with its outright purchase of the Greenville Automotive Group in 2010. It would also purchase dealerships across Arkansas, Mississippi, and Oregon before later divesting to focus on core markets.

Throughout the latter portion of the 2010s and early 2020s, under CEO David Hult, Asbury expanded rapidly, moving into the Indianapolis market with its purchase of Hare Automotive and the Bill Estes Automotive Group in 2017 and 2019, respectively. It would also make several single-point purchases to expand its reach across the area, including Terry Lee Honda in Avon, Ind. (renamed Hare Honda) in 2018 and Kahlo Chrysler Dodge Jeep Ram in Noblesville, Ind. in 2019.

In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a collection of luxury vehicle dealerships in the Dallas/Fort Worth area, for $1 billion. On March 24, 2020, the deal was canceled amid concerns due to the COVID-19 pandemic. However, a modified deal was reached on July 6 of that year which closed on August 24.

In December 2020, Asbury unveiled Clicklane, an online new and used vehicle retailing platform. The company rolled out the platform across its existing dealership base while announcing intents to utilize the brand in markets in which it did not currently own stores.

On September 29, 2021, Asbury purchased the Utah-based Larry H. Miller Dealerships for $3.2 billion, along with its Total Care Auto (TCA) vehicle protection plan business. The company divested seven Toyota and Lexus dealerships due to manufacturer guidelines. Asbury announced plans to roll out TCA to its non-Larry H. Miller "legacy" stores, while in a similar fashion integrating the Clicklane platform to the Larry H. Miller dealerships.

In December 2021, Asbury acquired Stevinson Automotive Group in the Denver, Colorado, area.

Read the full text

In December 2022, Asbury divested from its nine Crown Automotive Group locations in Greensboro, Durham, and Fayetteville North Carolina. The locations were sold to South Carolina-based Hudson Automotive Group and included BMW, Honda, Volvo, Nissan, Ford, and Chrysler franchises.

In September 2023, Asbury Automotive acquired Jim Koons automotive dealership group for about $1.2 billion.

From Wikipedia’s article on Asbury Automotive Group, shared under CC BY-SA 4.0.7

Timeline

  1. 1995Founded Founded1

Recent filings

  1. Oct 8, 2026SCHEDULE 13G/A
  2. Sep 16, 20263
  3. Sep 16, 20264
  4. Aug 31, 20268-K
  5. Aug 31, 20268-K/A
  6. Aug 25, 20268-K
  7. Aug 13, 2026SCHEDULE 13G/A
  8. Jul 31, 20264
  9. Jul 31, 202610-Q
  10. Jul 29, 2026144
  11. Jul 28, 20268-K
  12. Jul 13, 2026SCHEDULE 13D/A
  13. Jul 2, 20264
  14. May 22, 20264
  15. May 6, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2