Abrams Capital 13F: 5 Best Stocks To Buy

2. Asbury Automotive Group, Inc. (NYSE:ABG)

Abrams Capital’s Q3 2023 Investment: $485 million

Asbury Automotive Group, Inc. (NYSE:ABG) is an American used and new car retailer headquartered in Duluth, Georgia. The firm’s third quarter earnings report saw its revenue and net income drop by 5% and 17% annually. However, it made use of economic turmoil and brought a multi billion dollar car dealer in its portfolio.

During 2023’s June quarter, 27 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Asbury Automotive Group, Inc. (NYSE:ABG)’s largest hedge fund investor back then was David Abrams’ Abrams Capital Management as it owned 2.1 million shares that were worth $506 million.

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