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Asbury Automotive Group ABG Vehicle repair and maintenance services — Contract assets, long-term

Other product segments

Finance and insurance, net
$0

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Other financials

Income statement

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Revenue$4.4B+0.3%
Gross profit$753.1M+0.2%
Operating income$219.5M-14.7%
Net income$114.6M-25.0%
EPS (diluted)$18.30+136%

Balance sheet

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Cash & equivalents$30.4M-44.5%
Total debt$3.5B+2.6%
Total equity$3.9B+3.9%
Total assets$11.3B+10.6%

Cash flow

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Operating cash flow$223.2M-0.8%

Valuation

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Market cap$3.88B-14.0%
Enterprise value$8.09B-6.7%
P/E7.6×-0.7×
P/S0.2×0.0×

Profitability

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Gross margin17.1%+0.1pp
Operating margin4.4%-1.2pp
Net margin2.8%-0.3pp
FCF margin4.4%

Returns & leverage

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Return on equity13.2%-2.0pp
Debt / equity0.9×0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by Asbury Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetNoncurrent.

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 itemVehicle Repair and Maintenance ServicesFinance and Insurance, netDeferred Sales CommissionsTotal
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 customer13.113.1
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period23.41.925.3
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 vehicle repair and maintenance services — contract assets, long-term?
Asbury Automotive Group (ABG) reported vehicle repair and maintenance services — contract assets, long-term of $0 in Q1 2026.
What does vehicle repair and maintenance services — contract assets, long-term mean?
The total value of contract assets for repair and maintenance services that are classified as non-current. This reflects long-term service agreements or multi-year maintenance contracts where the right to payment extends beyond the current fiscal year. It indicates the stability and longevity of the service revenue backlog.

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