Thu Sep 19 08:19:46 UTC 2024: ## Institutional Investors Show Interest in Asbury Automotive Group

**New York, NY** – Dimensional Fund Advisors LP, a prominent institutional investor, increased its stake in Asbury Automotive Group, Inc. (NYSE: ABG) by 7.1% during the second quarter, according to recent SEC filings. This move reflects a positive sentiment towards the company’s performance, with Dimensional Fund Advisors LP now owning 1,056,825 shares worth $240,818,000.

Other notable institutional investors also adjusted their positions in Asbury Automotive Group, with Arizona State Retirement System, Oak Associates Ltd. OH, Janus Henderson Group PLC, Illinois Municipal Retirement Fund, and SummerHaven Investment Management LLC all increasing their holdings.

Meanwhile, insiders have been active in the company’s stock. CEO David W. Hult sold 500 shares on August 14th, while major shareholder Impactive Capital Lp sold 8,353 shares on the same date.

Asbury Automotive Group, a leading automotive retailer in the US, reported earnings on August 2nd, with revenue of $4.20 billion for the quarter, slightly below analyst expectations. Despite missing earnings estimates, the company’s year-over-year revenue growth of 17.3% demonstrates its continued strong performance.

Analysts are optimistic about the company’s future, predicting earnings per share of 26.99 for the current year. Asbury Automotive Group’s strong performance, investor interest, and positive outlook suggest that the company remains a valuable player in the automotive market.

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