{"id":130552,"date":"2026-03-20T18:16:15","date_gmt":"2026-03-20T21:16:15","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/900719758"},"modified":"2026-03-20T18:16:15","modified_gmt":"2026-03-20T21:16:15","slug":"13d-management-sells-5-million-of-asbury-automotive-stock","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/20\/13d-management-sells-5-million-of-asbury-automotive-stock\/","title":{"rendered":"13D Management Sells $5 million of Asbury Automotive Stock"},"content":{"rendered":"<div id=\"article-body\">\n<p>On Feb. 17, 2026, 13D Management LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold its entire stake in <strong>Asbury Automotive Group<\/strong> <span class=\"ticker-mention inline-flex items-center font-bold\" data-id=\"202696\">(<a href=\"https:\/\/www.fool.com\/quote\/nyse\/abg\/\" class=\"font-bold hover:underline\">ABG<\/a> <span class=\"ml-1 text-red-900\">2.06%<\/span>)<\/span> in the fourth quarter of 2025.<\/p>\n<h2 id=\"what-happened\" class=\"my-6 text-2xl font-bold\">What happened<\/h2>\n<p>According to its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1600133\/000117266126000830\/0001172661-26-000830-index.html\" class=\"text-cyan-900 hover:text-cyan-800\" target=\"_blank\" rel=\"noopener noreferrer\">SEC filing<\/a> dated Feb. 17, 2026, 13D Management LLC reported zero shares held in Asbury Automotive Group during the fourth quarter. The fund previously disclosed a position worth $5.2 million at the end of the third quarter, based on market closing prices and 21,337 shares held. <\/p>\n<section class=\"shadow-card mb-[40px] border border-gray-300\">\n<div class=\"flex flex-wrap place-content-between\">\n<div class=\"flex w-full place-items-center lg:w-3\/4\">\n<div class=\"py-4 pr-4\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Asbury Automotive Group Stock Quote\" loading=\"lazy\" width=\"64\" height=\"64\" data-nimg=\"1\" class=\"w-full flex-none object-contain\" fifu-data-src=\"https:\/\/i1.wp.com\/g.foolcdn.com\/image\/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FABG.png&w=128&op=resize&ssl=1\"><\/div>\n<div class=\"pr-[16px]\">\n<p>Asbury Automotive Group<\/p>\n<\/div>\n<\/div>\n<div class=\"flex w-full place-items-center lg:w-1\/4\">\n<div class=\"h-full w-5\/6 px-4 py-2.5 lg:text-right bg-red-200\">\n<p>Today&#8217;s Change<\/p>\n<p>(<!-- -->-2.06<!-- -->%) $<!-- -->-3.89<\/p>\n<p>Current Price<\/p>\n<p>$<!-- -->185.08<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex flex-wrap overflow-hidden transition-all duration-300 h-0\">\n<div class=\"w-full p-2 lg:w-1\/4 lg:p-4\">\n<h3 class=\"text-gray-1100 text-md my-[22px] leading-snug font-bold uppercase\">Key Data Points<\/h3>\n<div class=\"text-gray-1100 my-[14px] grid grid-cols-2 text-sm\">\n<p>Market Cap<\/p>\n<p>$3.6B<\/p>\n<p>Day&#8217;s Range<\/p>\n<p>$<!-- -->184.61<!-- --> &#8211; $<!-- -->190.72<\/p>\n<p>52wk Range<\/p>\n<p>$<!-- -->184.61<!-- --> &#8211; $<!-- -->274.50<\/p>\n<p>Volume<\/p>\n<p>436K<\/p>\n<p>Avg Vol<\/p>\n<p>219K<\/p>\n<p>Gross Margin<\/p>\n<p>16.61<!-- -->%<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<h2 id=\"what-else-to-know\" class=\"my-6 text-2xl font-bold\">What else to know<\/h2>\n<ul>\n<li>13D Management LLC sold out of Asbury Automotive Group, eliminating its 5.0% allocation of its assets under management (AUM) in the previous quarter.<\/li>\n<li>Top holdings after the filing:\n<ul>\n<li>NYSE:TWLO: $8.6 million (approximately 10.3% of AUM)<\/li>\n<li>NASDAQ:MRCY: $7.5 million (approximately 9.0% of AUM)<\/li>\n<li>NASDAQ:VSAT: $6.9 million (approximately 8.3% of AUM)<\/li>\n<li>NYSE:ALV: $6.6 million (approximately 7.9% of AUM)<\/li>\n<li>NYSE:PSO: $6.4 million (approximately 7.6% of AUM)<\/li>\n<\/ul>\n<\/li>\n<li>As of Feb. 16, 2026, ABG shares were priced at $229.44, down 24.4% over the past year and underperforming the S&amp;P 500 by 36.2 percentage points.<\/li>\n<li>Fund reported 16 U.S. equity positions totaling $84 million in reportable assets after the quarter.<\/li>\n<li>Fund\u2019s overall AUM declined by 19% quarter over quarter, indicating broader portfolio downsizing and market price changes.<\/li>\n<\/ul>\n<h2 id=\"company-overview\" class=\"my-6 text-2xl font-bold\">Company overview<\/h2>\n<div class=\"table-responsive\">\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Revenue (TTM)<\/td>\n<td>$18.00 billion<\/td>\n<\/tr>\n<tr>\n<td>Net income (TTM)<\/td>\n<td>$492.00 million<\/td>\n<\/tr>\n<tr>\n<td>Market capitalization<\/td>\n<td>$4.46 billion<\/td>\n<\/tr>\n<tr>\n<td>Price (as of market close 2\/13\/26)<\/td>\n<td>$229.44<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2 id=\"company-snapshot\" class=\"my-6 text-2xl font-bold\">Company snapshot<\/h2>\n<ul>\n<li>Offers new and used vehicles, vehicle repair and maintenance, replacement parts, collision repair, and a range of finance and insurance products.<\/li>\n<li>Generates revenue primarily through automotive sales and after-sales services, complemented by financing and aftermarket product commissions.<\/li>\n<li>Serves retail consumers across the United States through a network of dealership locations and collision centers.<\/li>\n<\/ul>\n<p>Asbury Automotive Group, Inc. is one of the largest automotive retailers in the United States, operating over 150 dealership locations and multiple collision centers. The company leverages a diversified portfolio of automotive brands and comprehensive service offerings to drive consistent revenue streams.<\/p>\n<h2 id=\"what-this-transaction-means-for-investors\" class=\"my-6 text-2xl font-bold\">What this transaction means for investors<\/h2>\n<p>Asbury Automotive has had a solid stretch of growth over the past two years. The stock rose, reflecting positive revenue and earnings growth last year. But 13D Management may see better opportunities elsewhere, given the stock\u2019s higher valuation.<\/p>\n<p>13D oversees a highly concentrated portfolio of stocks. The stock looks cheap at a <a href=\"https:\/\/www.fool.com\/investing\/how-to-invest\/stocks\/how-to-value-stock\/\" class=\"text-cyan-900 hover:text-cyan-800\">price-to-earnings<\/a> multiple of 7, but auto retail stocks have historically traded at discounts to the average stock.<\/p>\n<p>Moreover, the higher average cost of new vehicles could pressure demand and margins in the near term. Factors like severe weather in certain markets and a pullback in consumer spending on parts and service may make it more difficult to drive sales.<\/p>\n<p>It\u2019s unclear why 13D Management sold its position. But the stock\u2019s higher valuation amid uncertainties with the economy and consumer spending could limit near-term upside for investors.<\/p>\n<\/div>\n<div id>\n<div class=\"[&amp;_h4]:text-primary-500 max-w-none [&amp;_h4]:text-lg [&amp;_h4]:font-bold [&amp;_ol]:list-decimal [&amp;_ol]:pl-9 [&amp;_ul]:list-disc [&amp;_ul]:space-y-2 [&amp;_ul]:pl-4\">\n<p><em><a href=\"https:\/\/www.fool.com\/author\/16707\/\" class=\"text-cyan-900 hover:text-cyan-800\">John Ballard<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Twilio. The Motley Fool recommends Pearson Plc. The Motley Fool has a <a href=\"https:\/\/www.fool.com\/legal\/fool-disclosure-policy\/\" class=\"text-cyan-900 hover:text-cyan-800\">disclosure policy<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; products. Generates revenue primarily through <span class=\"match\">automotive<\/span> sales and after-sales &#8230; . is one of the largest <span class=\"match\">automotive<\/span> retailers in the United States, operating &#8230; company leverages a diversified portfolio of <span class=\"match\">automotive<\/span> brands and comprehensive service offerings &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-130552","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/130552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=130552"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/130552\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=130552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=130552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=130552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}