Asbury Automotive Group reported second quarter 2025 net income of $153 million, or $7.76 per diluted share, a substantial increase of 443% from $28 million, or $1.39 per diluted share, in Q2 2024. Adjusted net income was $146 million, or $7.43 per diluted share, an increase of 13% from $129 million, or $6.40 per diluted share, in the prior year.
Consolidated revenue for the quarter reached $4.4 billion, a 3% increase year-over-year, driven by a 6% rise in new vehicle revenue to $2.3 billion. Consolidated gross profit saw a marginal decrease to $752 million, with a gross profit margin of 17.2%.
The Parts and Service business continued its strong performance, with revenue increasing by 4% to $601.5 million and gross profit up 4% to $354.8 million. Same-store P&S gross profit grew by a robust 7%. Adjusted SG&A as a percentage of gross profit improved to 63.6% in Q2 2025.
As of June 30, 2025, the company had $1.1 billion in liquidity and a transaction-adjusted net leverage ratio of 2.46x. The company also noted the completion of The Herb Chambers Automotive Group acquisition in July, which is expected to further enhance its operational success.
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