# Asbury Automotive Q3 2026 Earnings Results

> Asbury Automotive reports 8% drop in new vehicle sales as EV decline hits 76% year over year.
- Title: Asbury Automotive Q3 2026 Earnings Results · The Motley Fool
- Summary: Asbury Automotive reports 8% drop in new vehicle sales as EV decline hits 76% year over year. Asbury Automotive's Q3 2026 earnings show 8% new vehicle unit…
- Keywords: asbury automotive, abg, q3 2026, earnings call, new vehicle sales, electric vehicle sales, adjusted eps, total revenue, used vehicle retail, parts and service revenue, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/27/asbury-automotive-abg-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-27T17:54:23+00:00
- Read time: 1 min
- Topics: asbury automotive, abg, q3 2026, earnings call, new vehicle sales, electric vehicle sales, adjusted eps, total revenue, used vehicle retail, parts and service revenue, finance, money
## Q3 2026 Earnings Results
Asbury Automotive reported total revenue of $4.4 billion, an 8% decrease from prior year.
## New Vehicle Unit Decline
New vehicle unit sales down 8% year over year, with 76% decline in electric vehicle volume.
## Adjusted EPS
Adjusted EPS of $6.16, excluding $0.69 per share noncash deferral headwind from protection products.
## Used Vehicle Performance
Used retail volume up 4.5% sequentially, with gross profit up 1% year over year.
## Technology Platform Rollout
Completed Tekion technology platform conversion across all 157 active dealerships.
## Financial Metrics
Adjusted net income of $111 million, representing 21% decrease from Q3 2025.
## PVR Metrics
New vehicle PVR at $2,949, used vehicle PVR at $1,780, both within target ranges.
## Leverage Ratio
Transaction adjusted net leverage ratio at 3.5x, targeting below 3x by mid-2027.
## F&I Performance
Adjusted F&I PVR at $2,450, up $119 year over year excluding noncash deferrals.
## SG&A Efficiency
SG&A as percentage of gross profit at 67.4%, targeting low-60% range by end of 2027.
## Inventory Management
New vehicle inventory at 53 days supply, used vehicle inventory at 41 days supply.
## Share Repurchases
$278 million spent on 1.35 million shares year to date through Sept. 30, 2026.
## Tax and Capital Expenditures
Full-year capital expenditures projected between $270 million to $275 million for 2026.
## FTC Proceeding
FTC administrative proceeding dismissed in early October 2026, consistent with lawful practices.
## Stellantis Headwinds
Management warned of continued headwinds with Stellantis affecting inventory management.
## Q4 Outlook
Management expects used vehicle volume to increase year over year heading into fourth quarter.
## Key takeaway

Asbury Automotive's Q3 2026 earnings show 8% new vehicle unit decline driven by 76% year-over-year EV drop, with adjusted EPS at $6.16.