阿斯伯里汽车集团 2026年季度报告

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 was 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: 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 by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No 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 Information Item1.Condensed Consolidated Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 2025Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and2025 Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March 31, 2026 and2025Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025Notes to Condensed Consolidated Financial StatementsItem2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PARTII—Other Information Item1.Legal ProceedingsItem 1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem6.ExhibitsSignatures ASBURY AUTOMOTIVE GROUP,INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except par value and share data)(Unaudited) ASBURY AUTOMOTIVE GROUP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 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 and Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generallyaccepted in the United States of America ("GAAP"), and reflect the consolidated accounts of the Company and our wholly owned subsidiaries. In the opinion of management, all adjustments, consisting only of normal, recurring adjustments, considered necessary for a fair statementof the condensed consolidated financial statements as of March31, 2026, and for the three months ended March31, 2026 and 2025, have beenincluded, unless otherwise indicated. Amounts presented in the condensed consolidated financial statements have been calculated using non- The results of operations for the three months ended March31, 2026 are not necessarily indicative of the results that maybe expected forany other interim period, or any full year period. Our condensed consolidated financial statements should be read together with our audited Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect thereported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and thereported amounts of revenues and expenses during the periods presented. Actual results could differ mater