“This increase was primarily due to a $7.0 million increase in our mortgage facilities interest expense and $2.5 million of credit facility interest expense as a result of borrowings incurred in connection with the Herb Chambers acquisition.”10-Q · Jul 31, 2026 ↗
Asbury Automotive Group, Inc.
ABG
Market read
Asbury Automotive Group, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Floor plan interest expense rose $3.8M (10%) to $42.7M for the six months and $3.5M (19%) to $21.6M for the three months, attributed to higher non-manufacturer floor plan balances from the Herb Chambers acquisition.
- Asbury reported a $7.0M rise in mortgage interest and $2.5M in credit facility interest tied to Herb Chambers borrowings, increasing finance costs.
Invalidation: The isolated read changes if ABG's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Floor plan interest expense rose $3.8M (10%) to $42.7M for the six months and $3.5M (19%) to $21.6M for the three months, attributed to higher non-manufacturer floor plan balances from the Herb Chambers acquisition.
- Asbury reported a $7.0M rise in mortgage interest and $2.5M in credit facility interest tied to Herb Chambers borrowings, increasing finance costs.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.58x in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
- P/E is 28% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 74% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
208.57Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Our effective tax rate for the six months ended June 30, 2026 was 24.8% compared to 24.9% in the prior year comparative period, which differed from the U.S.”10-Q · Jul 31, 2026 ↗
“The decrease in SAAR period over period was due to higher consumer demand for new vehicles driven by automobile tariff uncertainty in the first and second quarter of 2025 that did not recur in 2026.”10-Q · Jul 31, 2026 ↗
“Such factors include, but are not limited to: • the ability to acquire and successfully integrate acquired businesses into our existing operations, realize expected benefits and synergies from such acquisitions, and identify and remediate insufficient control…”10-Q · Oct 29, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.2× · EV/sales 0.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ABG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for ABG. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind ABG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
FFord Motor CompanysupplierMay 1, 2026 ▾
“The majority of our floor plan notes are payable to our 2023 Senior Credit Facility, with the exception of floor plan notes payable relating to the financing of new Ford and Lincoln vehicles and certain loaner vehicle programs.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ABG is currently a Leader in the organic co-movement group Auto Dealerships. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.