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Asbury Automotive Group ABG Dealerships — Floor plan interest expense
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Where this comes from
Reported directly by Asbury Automotive Group in its filing.
Tagged under the XBRL concept abg:FloorPlanInterestExpense.
The source filing: Asbury Automotive Group’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:24 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001144980-26-000079
| Line item | For the Three Months Ended March 31, 2026 | For the Three Months Ended March 31, 2025 |
|---|---|---|
| Asset impairments | — | 14.3 |
| INCOME FROM OPERATIONS | 193.9 | 234.3 |
| OTHER (INCOME) EXPENSES: | ||
| Floor plan interest expense | 21.0 | 20.7 |
| Other interest expense, net | 48.0 | 42.3 |
| Gain on dealership divestitures, net | (125.8) | (4.1) |
| Total other (income) expenses, net | (56.7) | 58.9 |
| INCOME BEFORE INCOME TAXES | 250.6 | 175.4 |
Item 1. Condensed Consolidated Financial Statements (unaudited)
FAQ
- What is Asbury Automotive Group's dealerships — floor plan interest expense?
- Asbury Automotive Group (ABG) reported dealerships — floor plan interest expense of $21M in Q1 2026.
- How has Asbury Automotive Group's dealerships — floor plan interest expense changed year-over-year?
- Asbury Automotive Group's dealerships — floor plan interest expense increased by 1.4% year-over-year, from $20.7M to $21M.
- What is the long-term trend for Asbury Automotive Group's dealerships — floor plan interest expense?
- Over 4 years (2021 to 2025), Asbury Automotive Group's dealerships — floor plan interest expense has grown at a 82.6% compound annual growth rate (CAGR), from $8.2M to $91.1M.
- What does dealerships — floor plan interest expense mean?
- Measures the interest costs incurred on financing arrangements used to purchase and hold vehicle inventory. As a core cost of doing business in automotive retail, it fluctuates based on inventory levels and prevailing interest rates.
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