Abrams Capital reports 11.6% stake in Asbury

Abrams Capital and related entities report significant ownership in Asbury Automotive Group, Inc. common stock.

Rhea-AI Filing Summary

Abrams Capital and related entities report significant ownership in Asbury Automotive Group, Inc. common stock. As of June 30, 2026, David Abrams is reported as beneficially owning 2,162,992 shares of Asbury common stock, representing 11.6% of the class, through a combination of personal holdings and interests in affiliated investment funds.

Abrams Capital Partners II, L.P. reports beneficial ownership of 1,716,441 shares, or 9.2% of the common stock. Abrams Capital, LLC reports 2,072,096 shares (11.1%), while Abrams Capital Management, LLC and Abrams Capital Management, L.P. each report beneficial ownership of 2,155,492 shares, or 11.6% of the class. All reporting persons indicate shared, and no sole, power to vote and dispose of the reported shares and each disclaims beneficial ownership except to the extent of its or his pecuniary interest.

Key Figures

David Abrams shares owned: 2,162,992 shares David Abrams percent of class: 11.6% Abrams Capital Partners II, L.P. shares: 1,716,441 shares +3 more

6 metrics

David Abrams shares owned 2,162,992 shares Beneficial ownership of Asbury Automotive Group common stock as of 06/30/2026

David Abrams percent of class 11.6% Percent of Asbury Automotive Group common stock class reported as beneficially owned

Abrams Capital Partners II, L.P. shares 1,716,441 shares Beneficial ownership position in Asbury Automotive Group common stock

Abrams Capital Partners II, L.P. percent 9.2% Percent of Asbury Automotive Group common stock class reported as owned

Abrams Capital, LLC percent of class 11.1% Reported beneficial ownership percentage of Asbury Automotive Group common stock

Abrams Capital Management entities percent 11.6% Percent of class reported by Abrams Capital Management, LLC and L.P.

Key Terms

beneficial ownership, shared voting power, shared dispositive power, pecuniary interest, +1 more

5 terms

beneficial ownership financial

"Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"Shared Voting Power 2,162,992.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 2,162,992.00"

pecuniary interest financial

"except to the extent of its or his pecuniary interest therein"

Schedule 13G/A regulatory

"Form Type: SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in Asbury Automotive Group (ABG) does David Abrams report?

David Abrams reports beneficial ownership of 2,162,992 shares of Asbury Automotive Group common stock, representing 11.6% of the outstanding class. This stake reflects shares held through affiliated investment entities and shares personally held by Mr. Abrams.

How many Asbury Automotive Group (ABG) shares does Abrams Capital Partners II, L.P. hold?

Abrams Capital Partners II, L.P. reports 1,716,441 shares of Asbury Automotive Group common stock, representing 9.2% of the class. These shares are part of the broader positions attributed to Abrams-related entities under shared voting and dispositive power arrangements.

What percentage of Asbury Automotive Group (ABG) is owned by Abrams Capital Management entities?

Abrams Capital Management, LLC and Abrams Capital Management, L.P. each report beneficial ownership of 2,155,492 shares, or 11.6% of Asbury’s common stock. Both entities report shared power to vote and dispose of these shares, with no sole voting or dispositive power.

Do Abrams-related entities have sole or shared voting power over ABG shares?

All reporting Abrams-related entities disclose 0 shares with sole voting or dispositive power and only shared power over their Asbury Automotive Group holdings. This means decisions over voting and disposition are exercised jointly as described in the ownership structure.

Why do the Abrams reporting persons disclaim beneficial ownership of ABG shares?

Each reporting person states that it disclaims beneficial ownership of the reported Asbury shares except to the extent of its or his pecuniary interest. This language clarifies that economic exposure, not full ownership control, defines their reported interests.

What is Abrams Capital, LLC’s reported stake in Asbury Automotive Group (ABG)?

Abrams Capital, LLC reports 2,072,096 shares of Asbury Automotive Group common stock, equal to 11.1% of the class. These shares include holdings of Abrams Capital Partners II, L.P. and other private investment funds for which Abrams Capital, LLC serves as general partner.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 04:05 PM Accepted by SEC EDGAR 08/13/2026 - 04:05 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Asbury Automotive Group, Inc.

(Name of Issuer)

Common Stock, par Value $0.01 per share

(Title of Class of Securities)

043436104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 043436104

1

Names of Reporting Persons

Abrams Capital Partners II, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,716,441.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,716,441.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,716,441.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 043436104

1

Names of Reporting Persons

Abrams Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,072,096.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,072,096.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,072,096.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 043436104

1

Names of Reporting Persons

Abrams Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,155,492.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,155,492.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,155,492.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 043436104

1

Names of Reporting Persons

Abrams Capital Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,155,492.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,155,492.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,155,492.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 043436104

1

Names of Reporting Persons

David Abrams

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,162,992.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,162,992.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,162,992.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Asbury Automotive Group, Inc.
(b)	Address of issuer's principal executive offices: 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328
Item 2.
(a)	Name of person filing: Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital Management, LLC Abrams Capital Management, L.P. David Abrams
(b)	Address or principal business office or, if none, residence: 222 Berkeley Street, 21st Floor Boston, MA 02116
(c)	Citizenship: Abrams Capital Partners II, L.P. - Delaware, Abrams Capital, LLC - Delaware, Abrams Capital Management, LLC - Delaware, Abrams Capital Management, L.P. - Delaware, David Abrams - United States
(d)	Title of class of securities: Common Stock, par Value $0.01 per share
(e)	CUSIP No.: 043436104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Abrams Capital Partners II, L.P. - 1,716,441 shares Abrams Capital, LLC - 2,072,096 shares Abrams Capital Management, LLC - 2,155,492 shares Abrams Capital Management, L.P. - 2,155,492 shares David Abrams - 2,162,992 shares
(b)	Percent of class: Abrams Capital Partners II, L.P. - 9.2% Abrams Capital, LLC - 11.1% Abrams Capital Management, LLC - 11.6% Abrams Capital Management, L.P. - 11.6% David Abrams - 11.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares
	(ii) Shared power to vote or to direct the vote: Abrams Capital Partners II, L.P. - 1,716,441 shares Abrams Capital, LLC - 2,072,096 shares Abrams Capital Management, LLC - 2,155,492 shares Abrams Capital Management, L.P. - 2,155,492 shares David Abrams - 2,162,992 shares
	(iii) Sole power to dispose or to direct the disposition of: Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares
	(iv) Shared power to dispose or to direct the disposition of: Abrams Capital Partners II, L.P. - 1,716,441 shares Abrams Capital, LLC - 2,072,096 shares Abrams Capital Management, LLC - 2,155,492 shares Abrams Capital Management, L.P. - 2,155,492 shares David Abrams - 2,162,992 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Abrams Capital Partners II, L.P.

Signature:	/s/ David Abrams
Name/Title:	Managing Member
Date:	08/13/2026

Abrams Capital, LLC

Signature:	/s/ David Abrams
Name/Title:	Managing Member
Date:	08/13/2026

Abrams Capital Management, LLC

Signature:	/s/ David Abrams
Name/Title:	Managing Member
Date:	08/13/2026

Abrams Capital Management, L.P.

Signature:	/s/ David Abrams
Name/Title:	Managing Member
Date:	08/13/2026

David Abrams

Signature:	/s/ David Abrams
Name/Title:	Individually
Date:	08/13/2026

Comments accompanying signature: Shares reported herein for Abrams Capital Partners II, L.P. represent shares beneficially owned by Abrams Capital Partners II, L.P. Shares reported herein for Abrams Capital, LLC represent shares beneficially owned by Abrams Capital Partners II, L.P. and other private investment funds for which Abrams Capital, LLC serves as general partner. Shares reported herein for Abrams Capital Management, L.P. and Abrams Capital Management, LLC represent the above-referenced shares beneficially owned by Abrams Capital Partners II, L.P. and shares beneficially owned by other private investment funds for which Abrams Capital Management, L.P. serves as investment manager. Abrams Capital Management, LLC is the general partner of Abrams Capital Management, L.P. Shares reported herein for Mr. Abrams represent the above referenced shares reported for Abrams Capital, LLC, Abrams Capital Management, LLC, and shares personally held by Mr. Abrams. Mr. Abrams is the managing member of Abrams Capital, LLC and Abrams Capital Management, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.