On February 17, 2026, 13D Management LLC revealed in an SEC filing that it completely divested its stake in Asbury Automotive Group (NYSE: ABG) during the fourth quarter of 2025, eliminating a 5% allocation of its assets under management. Previously, the fund held approximately $5.2 million in ABG, representing 21,337 shares. Asbury’s stock has struggled, down 24.4% over the past year and underperforming the S&P 500 by 36.2 percentage points.
This move is significant as it reflects 13D Management’s strategy to reallocate capital amidst a challenging automotive retail environment. Despite Asbury’s past growth, concerns about high vehicle costs, potential declines in consumer spending, and broader economic uncertainties may have prompted the fund to seek more favorable opportunities.
Investors should consider the implications of 13D’s exit, particularly as Asbury’s valuation remains low relative to its earnings potential. For a deeper dive into the details and analysis, I recommend checking out the full article.
Source: fool.com