13D Management Fully Exits Asbury Automotive Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Should l Buy ABG?
Source: NASDAQ.COM
- Complete Exit: In Q4 2025, 13D Management sold all 21,337 shares of Asbury Automotive Group, previously valued at $5.2 million, indicating a complete withdrawal that may reflect concerns about market prospects.
- Asset Allocation Shift: Asbury accounted for 5.0% of 13D's reportable assets in Q3, but the complete divestment in Q4 suggests a significant decline in the fund's confidence in the company.
- Market Environment Impact: Although Asbury's price-to-earnings ratio stands at 7, indicating relative cheapness, rising costs of new vehicles and a pullback in consumer spending could pressure future demand and margins, prompting 13D to seek more attractive investment opportunities.
- Investment Advisory Warning: Before considering an investment in Asbury Automotive Group, it is advisable to review the top 10 stocks recommended by The Motley Fool's analyst team, as Asbury was not included, reflecting a cautious market outlook on its future performance.
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Analyst Views on ABG
Wall Street analysts forecast ABG stock price to rise
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 211.440
Low
230.00
Averages
238.33
High
250.00
Current: 211.440
Low
230.00
Averages
238.33
High
250.00
About ABG
Asbury Automotive Group, Inc. is an automotive retailer. The Company operates through two segments: Dealerships and Total Care Auto (TCA). The Company offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, parts and services, which include vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation and prepaid maintenance plans. The Company operates approximately 161 new-vehicle dealerships, consisting of over 209 franchises and representing 36 domestic and foreign brands of vehicles. It also operates Total Care Auto, Powered by Landcar, a provider of service contracts and other vehicle protection products, and 38 collision repair centers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Operating Margin Decline: The reported operating margin dropped by 5 percentage points primarily due to acquisition and integration costs, although the underlying margin remained stable at 13%, indicating challenges during the integration process.
- Cost Increase: Operating costs rose by 9%, amounting to NOK30 million, mainly due to the integration of FIH Partners and nonrecurring expenses, which impacted overall profitability.
- Market Outlook: Despite reduced transaction activity in capital markets, ABG Sundal Collier maintains a strong pipeline, positioning itself to execute transactions more rapidly once market conditions normalize.
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- New Center Launch: Asbury Automotive Group has opened its newly renovated Dealership Support Center in Sandy Springs, Georgia, featuring modern workspaces designed to enhance employee collaboration and focus, reflecting the company's mission and values.
- Job Creation: The opening of the new center will bring 350 new jobs to Sandy Springs, representing a significant investment in the local economy and laying a foundation for the company's future growth.
- Strategic Location Advantage: Situated in Atlanta's Central Perimeter, the new center is surrounded by numerous Fortune 1000 companies, and Asbury's presence will further enhance the area's business vitality while providing convenient market access.
- Sustained Growth Strategy: Asbury Automotive Group initiated a multi-year strategic plan in 2020 aimed at increasing revenue and profitability through organic growth, acquisitions, and innovative technologies, demonstrating its ongoing development potential in the competitive automotive retail market.
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- Price Increase Trend: Cox Automotive's Manheim Used Vehicle Value Index indicates a 6.2% year-over-year increase in used vehicle prices, reaching the highest level since summer 2023, reflecting strong market demand and tight supply conditions.
- Tight Inventory: As of March, the days' supply of used vehicles fell below 40 days, marking the lowest point since 2026, indicating increased inventory pressure faced by dealers and consumers that may impact future sales strategies.
- Sales Forecast Adjustment: Cox raised its 2023 used vehicle sales forecast from 20.3 million to 20.4 million, although a slight decline in sales is expected in the second half of the year, reflecting the ongoing demand for used vehicles amid complex market dynamics.
- Shifting Consumer Preferences: With high new vehicle prices, more U.S. consumers are opting for used vehicles, and Cox anticipates the new vehicle market will reach approximately 15.8 million units this year, further driving growth in the used vehicle market.
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- Stake Change: 13D Management completely divested its position in Asbury Automotive Group in Q4 2025, previously holding shares worth $5.2 million, indicating a cautious outlook on the stock's future performance.
- Asset Allocation Shift: The sale eliminated Asbury's 5% allocation in 13D's assets under management, reflecting a reevaluation of its investment portfolio amidst changing market conditions.
- Market Performance: As of February 16, 2026, Asbury's stock price stood at $229.44, down 24.4% over the past year, significantly underperforming the S&P 500 by 36.2 percentage points, raising concerns about its growth prospects.
- Industry Outlook: While Asbury has shown stable growth over the past two years, rising new vehicle costs and high valuations may pressure demand and margins, prompting 13D Management to seek more attractive investment opportunities.
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- Complete Exit: In Q4 2025, 13D Management sold all 21,337 shares of Asbury Automotive Group, previously valued at $5.2 million, indicating a complete withdrawal that may reflect concerns about market prospects.
- Asset Allocation Shift: Asbury accounted for 5.0% of 13D's reportable assets in Q3, but the complete divestment in Q4 suggests a significant decline in the fund's confidence in the company.
- Market Environment Impact: Although Asbury's price-to-earnings ratio stands at 7, indicating relative cheapness, rising costs of new vehicles and a pullback in consumer spending could pressure future demand and margins, prompting 13D to seek more attractive investment opportunities.
- Investment Advisory Warning: Before considering an investment in Asbury Automotive Group, it is advisable to review the top 10 stocks recommended by The Motley Fool's analyst team, as Asbury was not included, reflecting a cautious market outlook on its future performance.
See More
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- Revenue and Return Improvement: Revenue grew by 5% to $116 billion, with return on equity (ROE) improving to 15%, indicating effective strategies in non-interest income and customer loan growth, particularly with significant contributions from the African region's business.
- Dividend and Asset Value Increase: The dividend per share rose by 12% and net asset value per share increased by 8%, which not only demonstrates the company's commitment to shareholders but also enhances market confidence in its future growth potential, despite an 8% decline in business banking earnings.
- Market Challenges and Opportunities: Although the net interest margin narrowed by 10 basis points and operating expenses rose by 6%, Absa is actively seeking to optimize capital allocation in Africa and CIB to address competitive pressures and drive customer growth, showcasing its adaptability in a complex market environment.
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