Financial Performance - Asbury Automotive Group achieved record annual revenues of approximately $18 billion for 2025, representing a 5% increase compared to the previous year [1] - The company reported record fourth-quarter revenues of $4.7 billion, up 4% year-over-year [1] - Net income for 2025 was $492 million, reflecting a 14% increase from 2024, while fourth-quarter net income was $60 million, down 53% due to one-time impairments [2] Strategic Initiatives - The company completed a significant acquisition of the Herb Chambers Automotive Group for $1.3 billion, which includes 33 dealerships, 52 franchises, and three collision centers [3] - Asbury is implementing a new cloud-based dealer management system (DMS) called Tekion, which is designed to enhance dealership operations [4][5] Operational Challenges - The transition to the new DMS has been challenging, as it requires dealerships to adapt to a new system that ties into various operations, leading to resistance from technicians [6][7] - During the transition period, Asbury had to maintain two DMS systems simultaneously, which is expected to negatively impact earnings in 2026 [7] - Despite initial resistance, technicians have reported that after familiarizing themselves with Tekion, they prefer it due to its efficiency and user-friendliness [8]