阿斯伯里汽车集团 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromtoCommission file number: 001-31262 ASBURY AUTOMOTIVE GROUP, INC. (Exact name of Registrant as specified in its charter) (Registrant's telephone number, including area code) Name of each exchange on which registeredNew York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and"emerging growth company" in Rule12b-2 of the Exchange Act: Large Accelerated Filer☒Non-Accelerated Filer☐ AcceleratedFiler SmallerReportingCompany Emerging Growth Company Table of Contents If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: The number ofshares of common stock outstanding as of April29, 2026 was 18,618,800. ASBURY AUTOMOTIVE GROUP,INC. TABLE OF CONTENTS PARTI—Financial InformationCondensed Consolidated Financial Statements (unaudited) Item1.Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 20255Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and20256Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March 31, 2026 and20257Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20258Notes to Condensed Consolidated Financial Statements9Item2.Management's Discussion and Analysis of Financial Condition and Results of Operations25Item3.Quantitative and Qualitative Disclosures About Market Risk41Item4.Controls and Procedures41 PARTII—Other Information Item1.Legal ProceedingsItem 1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem6.ExhibitsSignatures PART I. FINANCIAL INFORMATION ASBURY AUTOMOTIVE GROUP,INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In millions, except per share data)(Unaudited) ASBURY AUTOMOTIVE GROUP,INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In millions)(Unaudited) ASBURY AUTOMOTIVE GROUP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Asbury Automotive Group, Inc. ("we," "us," "our," "Asbury" or the "Company"), a Delaware corporation organized in 2002, is one of thelargest automotive retailers in the United States. Our store operations are conducted by our subsidiaries. As of March31, 2026, we owned and operated 202 new vehicle franchises (158 dealership locations), representing 34 brands ofautomobiles, and 37 collision centers in 14 states. For the three months ended March31, 2026, our new vehicle revenue brand mix consisted of35% luxury, 40% imports and 26% domestic brands. Our stores offer an extensive range of automotive products and services, including newand used vehicles; parts and service, which includes repair and maintenance services, replacement parts and collision repair services(collectively referred to as "parts and services" or "P&S"); and finance and insurance ("F&I") products, including arranging vehicle financingthrough third parties and aftermarket products, such as extended service contracts, guaranteed asset protection ("GAP") debt cancellation andprepaid maintenance. The F&I products are provided by Total Care Auto, Powered by Asbury ("TCA"), our F&I product provider, andindependent third parties. The Company reflects its operations in two reportable segments: Dealerships and TCA. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared