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Asbury Automotive Group ABG Finance and insurance, net — Contract assets, current
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Where this comes from
Reported directly by Asbury Automotive Group in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
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 | Vehicle Repair and Maintenance Services | Finance and Insurance, net | Deferred Sales Commissions | Total |
|---|---|---|---|---|
| Contract Assets, January 1, 2026 | $22.9 | $11.8 | $112.8 | $147.5 |
| Transferred to receivables from contract assets recognized at the beginning of the period | (22.9) | (2.1) | — | (25.1) |
| Amortization of costs incurred to obtain a contract with a customer | — | — | (8.6) | (8.6) |
| Costs incurred to obtain a contract with a customer | — | — | 13.1 | 13.1 |
| Increases related to revenue recognized, inclusive of adjustments to constraint, during the period | 23.4 | 1.9 | — | 25.3 |
| Contract Assets, March 31, 2026 | $23.4 | $11.5 | $117.3 | $152.2 |
| Contract Assets (current), March 31, 2026 | $23.4 | $11.5 | $31.7 | $66.7 |
| Contract Assets (long-term), March 31, 2026 | — | — | $85.6 | $85.6 |
Item 1. Condensed Consolidated Financial Statements (unaudited)
FAQ
- What is Asbury Automotive Group's finance and insurance, net — contract assets, current?
- Asbury Automotive Group (ABG) reported finance and insurance, net — contract assets, current of $11.5M in Q1 2026.
- How has Asbury Automotive Group's finance and insurance, net — contract assets, current changed year-over-year?
- Asbury Automotive Group's finance and insurance, net — contract assets, current decreased by 8.0% year-over-year, from $12.5M to $11.5M.
- What does finance and insurance, net — contract assets, current mean?
- This metric represents the current portion of contract assets arising from the finance and insurance segment, where revenue has been recognized but the right to consideration is conditional on factors other than the passage of time. It captures the value of services or products delivered to customers for which the company has not yet issued an invoice or received payment. Monitoring this balance helps investors assess the liquidity and timing of cash inflows related to short-term F&I service contracts.
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