ABG changes
Pick any two versions below to diff them.
- Price
- $198.03 → $207.94(+5.0%)
- Discount category
- Well below intrinsic value → Below intrinsic value
- Balance sheet
- Cash: $84M Debt: $3.4B Net debt: $3.3B EBITDA, last 12 months: $910M Net debt / EBITDA: 3.6× (medium) Interest cover: 4.4× Asbury funds its vehicle inventory with floor plan notes and funds the rest of the business with senior notes, real estate loans and a revolving credit facility. At September 30, 2026, long-term debt, including the current portion, was $3.37 billion, down from $3.57 billion at December 31, 2025. Floor plan notes payable of $1.76 billion are left out of debt, because the vehicles in inventory secure them. Cash is cash and cash equivalents of $84 million at September 30, 2026. With short-term investments and floor plan offset accounts, cash was $249 million, of which $39 million was held at Total Care Auto. Total liquidity was $1.0 billion, with $821 million available under the used vehicle floor plan line and the revolver. EBITDA is adjusted EBITDA for the 12 months to September 30, 2026. Interest cover is operating income divided by other interest expense for the first nine months of 2026, without floor plan interest. With floor plan interest, it was about 3.0 times. The company's transaction adjusted net leverage ratio was 3.5 times at September 30, 2026, up from 3.4 times at June 30. Asbury had about $322 million left on its share repurchase authorization at September 30, 2026. removed: The added: Per the Q3 2026 Form removed: 10-Q was not filed added: 10-Q, debt at removed: the time added: September 30, 2026 was $2,250.0 million of removed: this update, so the split added: senior notes (4.50% due 2028 $405.0 million, 4.625% due 2029 $800.0 million, 4.75% due 2030 $445.0 million and 5.00% due 2032 $600.0 million), three real estate facilities of removed: debt by type added: $1,061.0 million, mortgage notes of $25.4 million and a Wells Fargo master loan facility of $43.0 million. The revolving credit facility had no balance, down from $120.0 million at December 31, 2025. Of the long-term debt, $439.2 million is removed: not shown. added: current. As of Sep 30, 2026.