Filing Flows › Asbury Automotive Group (ABG) › Q1 2026
Asbury Automotive Group (ABG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Asbury Automotive Group (ABG) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and -12% from the quarter before. Operating margin was 4.7%, net earnings $188M (4.6% of revenue).
Asbury Automotive Group, Q1 2026: revenue $4.1B (-0.9% year over year), operating margin 4.7%, net earnings $188M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -12% | -0.9% |
| Gross profit | $727M | -8% | +0.4% |
| Operating profit | $194M | +54% | -17% |
| Net earnings | $188M | +213% | +42% |
| Operating cash flow | $223M | +47% | -0.8% |
| Free cash flow | $177M | — | -13% |
What changed
Revenue was $4.1B in Q1 2026, down 1% year over year and down 12% from the previous quarter. New vehicle was the largest line at 51% of revenue. New vehicle lost $0.04B year over year (down 2%), 105% of the total change.
Gross margin was 17.7%, up 0.2 points from Q1 2025. Operating profit was $0.19B, a 4.7% margin (down 0.9 points year over year). Operating expenses grew 9% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.19B, up 42% year over year. The effective tax rate was 25.1%. Non-operating items added $0.06B, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.22B (down 1% year over year), 119% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.05B left free cash flow of $0.18B.
Questions
What was Asbury Automotive Group's revenue in the first quarter 2026?
Asbury Automotive Group (ABG) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and -12% from the quarter before.
Was Asbury Automotive Group profitable in the first quarter 2026?
Operating profit was $194M (4.7% of revenue) and net earnings $188M.