Asbury Automotive Group Reports Record Third Quarter Results
Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., has released its third quarter 2025 financial results, showcasing record-breaking performance in several key areas.
Financial Highlights
For the third quarter of 2025, Asbury Automotive Group reported:
- All-time record revenue of $4.8 billion, a 13% increase from the same period in 2024.
- Gross profit of $803 million, up 12% year-over-year.
- Net income of $147 million, translating to $7.52 per diluted share, an 18% increase from the previous year.
- Adjusted net income of $140 million, or $7.17 per diluted share, reflecting an 11% increase from the prior year.
- Same store parts and service gross profit growth of 7%.
- Repurchase of approximately 220,500 shares for $50 million during the quarter.
Business and Operational Highlights
Operationally, the company saw significant growth across various segments:
- New vehicle unit volume increased by 13%, with new vehicle revenue up by 17%.
- Used vehicle retail unit volume saw a modest increase of 1%, while used vehicle retail revenue grew by 7%.
- Parts and service revenue increased by 11%, with a 15% rise in gross profit.
- Finance and insurance per vehicle retailed (PVR) increased by 2% to $2,182.
Strategic Initiatives and Corporate Developments
Asbury Automotive Group continued to execute its growth strategy, marked by the expansion of Tekion to all stores in the Baltimore-DC market and the integration of the Chambers group. The company also maintained a balanced capital allocation approach, optimizing its store portfolio while delivering strong service.
As of September 30, 2025, the company had $687 million in liquidity, including cash and floorplan offset accounts, and availability under the used vehicle floorplan line and revolver.
Management's Perspective
David Hult, Asbury’s President and CEO, commented, "This was an important quarter in managing our growth strategy for Asbury, marked by the expansion of Tekion to all our stores in the Baltimore-DC market and integrating the Chambers group. Our results reflect the resiliency of the team. We intend to maintain our balanced capital allocation approach paired with optimizing our store portfolio while continuing to deliver strong service through these transformative points in our journey."
Future Outlook
The company remains focused on its strategic initiatives, including further integration of new technologies and optimizing its dealership portfolio. Asbury Automotive Group aims to continue its growth trajectory while maintaining strong financial health and operational efficiency.
Original SEC Filing: ASBURY AUTOMOTIVE GROUP INC [ ABG ] - 8-K - Oct. 28, 2025