Asbury Appoints New Board Member
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy ABG?
Source: Newsfilter
- New Board Member: Asbury Automotive Group has announced the appointment of Christopher DiSantis to its Board of Directors effective March 1, 2026, increasing the total number of directors to eleven, with ten being independent, thereby enhancing the board's independence and expertise.
- Audit and HR Committees: DiSantis's appointment also makes him a member of the Audit Committee and the Compensation & Human Resources Committee, where he is expected to provide valuable insights into the company's strategic planning and operations, driving performance in the competitive automotive retail market.
- Long-time Board Member Departure: Long-serving board member Philip Maritz has notified the board that he will not seek re-election, with his term ending at the 2026 Annual Meeting, marking a significant transition in Asbury's history, as Maritz's nearly 24 years of service have had a profound impact on the company.
- Strategic Development: Asbury Automotive Group initiated a multi-year strategic plan in 2020 aimed at increasing revenue and profitability through organic growth, acquisitions, and innovative technologies, with DiSantis's addition seen as a key factor in advancing this strategy and further enhancing the company's competitive position.
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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: 204.170
Low
230.00
Averages
238.33
High
250.00
Current: 204.170
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 175 new-vehicle dealerships, consisting of over 230 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 39 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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- Price Fluctuation: The lowest trading price for ABG was $203, with the current trading price at $205.31, close to its 52-week low of $201.68 and high of $274.50, reflecting market volatility and shifts in investor sentiment.
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See More
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- Strategic Adjustment: Asbury's CEO David Hult stated that the decision to sell these dealerships was challenging but reflects a thoughtful and disciplined approach to optimizing their overall portfolio in the market.
- RBM Expansion: This acquisition marks RBM's first expansion beyond metro-Atlanta, adding Porsche, Land Rover, and Crown Nissan dealerships, which aligns well with their long-term growth strategy and complements existing operations.
- Market Demand: The Presidio Group anticipates strong transaction volume in 2026 due to ongoing demand for luxury dealerships, with Asbury's sale exemplifying this trend and attracting significant interest from qualified buyers.
See More
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- Annual Revenue Contribution: The annual revenue from these ten dealerships was about $610 million, and the sale will enable Asbury to invest proceeds in reducing its leverage ratio below 3.0, thereby strengthening its financial stability.
- Stock Buyback Plan Expansion: The company's board has approved an increase in the stock repurchase plan authorization to $424 million, with $100 million spent year-to-date on repurchasing 441,000 shares, reflecting a strong commitment to shareholders and confidence in future business prospects.
- Flexible Repurchase Strategy: Under the amended stock repurchase program, Asbury may buy back shares in the open market or through private transactions, with the number and timing of repurchases depending on market conditions and potential impacts on the company's capital structure, ensuring adaptability to market fluctuations.
See More
