Asbury Automotive Group reported second-quarter operating results showing resilience in its finance and insurance (F&I) profitability per vehicle amid an 8% same-store sales decline in that segment. The company continues integrating its recent $1.76 billion Herb Chambers acquisition, which expanded its dealer portfolio to 36 brands across 171 locations. While new vehicle gross margins have softened from pandemic highs, gains in used vehicle profits and parts & service growth partially offset pressures. Elevated debt from acquisitions is managed with substantial liquidity and compliance with covenants.