Asbury Automotive Group, Inc. reported second quarter 2026 net income of $115 million ($6.25 per diluted share), a decrease of 25% from $153 million ($7.76 per diluted share) in second quarter 2025. The company reported second quarter 2026 adjusted net income, a non-GAAP measure, of $125 million ($6.82 per diluted share), a decrease of 15% from $146 million ($7.43 per diluted share) in second quarter 2025.
“Our second quarter marked a significant milestone in our enterprise technology transformation, as we completed approximately 70% of our Tekion implementation. We remain on schedule to complete the rollout across our operations this fall,” said Dan Clara, Asbury’s president and chief executive officer.
“While a dealership management system (DMS) conversion requires substantial planning and resources, we believe this investment will deliver meaningful long-term value, enhance the guest experience through a more personalized retail journey and equip our teams with modern tools to better serve our customers. We are encouraged by the operating improvements in our converted stores, and we continue to execute against our balanced capital allocation approach, repurchasing $131 million in shares during the quarter.”
