ABG — what changed in the latest 10-Q
A section-by-section comparison of ABG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +81 | −69 | ~36 | 60 |
| Market risk (Item 3) | Text added/removed | +2 | −1 | ~2 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
•shifts in consumer preferences among vehicle types, segments and powertrains, including in response to fuel prices, vehicle affordability, and the availability of government incentives for electric and hybrid vehicles;
•our ability to incorporate and integrate new technologies and key information systems with our existing operations, including our ability to successfully transition to and integrate our operations with Tekion, a dealer management systems ("DMS") provider, from CDK, another DMS provider;
are provided by both TCA and independent third parties. The F&I products offered by TCA are sold through affiliated dealerships. For the nine months ended September 30, 2026, our new vehicle revenue brand mix consisted of 41% imports, 33% luxury and 26% domestic brands. The Company manages its opera…
During 2026, conflicts between the United States and Iran and between Ukraine and Russia have contributed to volatility in energy markets and higher fuel prices. Elevated fuel prices may influence the types of vehicles consumers choose to purchase, including demand for larger, less fuel-efficient ve…
Income from operations during the three months ended September 30, 2026 decreased by $35.9 million (15%) compared to the three months ended September 30, 2025, due to a $71.0 million (9%) decrease in gross profit and a $2.5 million (12%) increase in depreciation and amortization expense, partially o…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
•failure of our management information systems and our ability to successfully transition between key information systems, including our ability to successfully incorporate new technologies and continue our transition to Tekion, a dealer management systems ("DMS") provider, from CDK, another DMS pro…
Income from operations during the three months ended June 30, 2026 decreased by $37.9 million (15%) compared to the three months ended June 30, 2025, due to a $30.9 million (7%) increase in selling, general and administrative expenses, a $4.2 million increase in asset impairment expense, and a $4.0 …
For the three months ended June 30, 2026, new vehicle revenue increased by $26.3 million (1%) due to an $819 (2%) increase in revenue per new vehicle sold, partially offset by a decrease in new vehicle units sold of 192 as compared to the three months ended June 30, 2025. Same store new vehicle reve…
For the three months ended June 30, 2026, new vehicle gross profit and same store new vehicle gross profit decreased by $21.8 million (14%) and $34.7 million (24%), respectively. Same store new vehicle gross margin for the three months ended June 30, 2026 decreased 128 basis points to 5.6%. A 101 ba…
The seasonally adjusted annual rate ("SAAR") for new vehicle sales in the U.S. during the three months ended June 30, 2026 was approximately 16.2 million which increased slightly as compared to approximately 16.1 million during the three months ended June 30, 2025. The start of the second quarter of…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-30
floor plan, revolver and certain mortgage liabilities, outstanding as of September 30, 2026, a 100 basis point change in interest rates would result in a change of $19.4 million in annual interest expense.
We periodically receive floor plan assistance from certain automobile manufacturers, which is primarily accounted for as a reduction in our new vehicle inventory cost. Floor plan assistance reduced our cost of sales for the nine months ended September 30, 2026 and 2025 by $79.4 million and $83.4 mil…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
We periodically receive floor plan assistance from certain automobile manufacturers, which is primarily accounted for as a reduction in our new vehicle inventory cost. Floor plan assistance reduced our cost of sales for the six months ended June 30, 2026 and 2025 by $52.3 million and $54.0 million, …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice