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LRT Capital - Asbury Automotive: Aggressively Expanding Via Attractive Acquisitions

Nov. 08, 2022 8:30 PM ETAsbury Automotive Group, Inc. (ABG)
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Fund Letter Stock Ideas


  • Franchise agreements controlled by automotive manufactures and state laws create an environment of tightly controlled market entry and restricted competition.
  • Dealers with over 50 locations account for only 0.1% of the industry – a testament to the huge opportunity for consolidation that lies ahead.
  • Asbury has also been acting in the best interests of its shareholders by allocating capital to aggressively expand its business and repurchasing stock.

Rearview of parked cars


The following segment was excerpted from this fund letter.

Asbury Automotive Group, Inc. (NYSE:ABG)

Asbury Automotive Group is one of the largest automotive retailers in the United States. It operates 90 dealerships consisting of 112 franchises and 25 collision

Chart: Asbury Automotive Group, Inc. (<a href='https://seekingalpha.com/symbol/ABG' title='Asbury Automotive Group, Inc.'>ABG</a>) Select Financial Metrics - Trailing Twelve Months

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