[SCHEDULE 13G] Asbury Automotive Group, Inc. SEC Filing

Rhea-AI Filing Summary

Eminence Capital, LP and Ricky C. Sandler report beneficial ownership of 1,002,160 shares of Asbury Automotive Group, Inc. (ticker ABG), representing 5.1% of the 19,659,160 shares outstanding used for the calculation. The filing shows shared voting power of 986,903 shares and shared dispositive power of 1,002,160 shares, with no sole voting or sole dispositive power reported. The Reporting Persons state the shares are held in various Eminence-managed funds and separately managed accounts and that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The statement includes a joint filing agreement and is signed by Ricky C. Sandler as CEO of Eminence Capital and individually.

Positive

• Public disclosure of a 5.1% stake provides transparency to the market.
• Position held in managed funds and SMAs suggests professional investment management rather than insider accumulation.
• Certification of passive intent clarifies the reporting persons do not intend to influence control.

Negative

• None.

Insights

Securities Analyst

TL;DR: A disclosure of a >5% passive stake by an investment adviser signals notable but non-controlling investor interest.

The filing reports Eminence Capital and its CEO Ricky Sandler with a 5.1% position in Asbury Automotive Group, based on 19,659,160 shares outstanding used for the calculation. The position is disclosed as shared voting and dispositive power, indicating the shares are held in managed funds and SMAs rather than directly by the individual. The certification states the holdings are in the ordinary course of business and not intended to influence control. For investors, this is material as a public, reported stake above the 5% threshold, but it does not indicate activist intent or control changes.

Corporate Governance Specialist

TL;DR: Reporting shows coordinated ownership via an adviser and its principal but affirms non-control intent.

The Schedule 13G discloses shared voting power (986,903 shares) and full shared dispositive power for the 1,002,160-share position. The form type and certification language are consistent with a passive investor filing under Rule 13d-1(b)/(c), and the joint filing agreement is included. The structure—funds and SMAs under Eminence's management with the GP and CEO linked—explains why both the adviser and Mr. Sandler are reporting. This is governance-relevant disclosure but does not reflect a change in board composition or control actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ASBURY AUTOMOTIVE GROUP INC

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

043436104

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 043436104

1

Names of Reporting Persons

Eminence Capital, LP

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 986,903.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,002,160.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,002,160.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 043436104

1

Names of Reporting Persons

Ricky C. Sandler

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 986,903.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,002,160.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,002,160.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ASBURY AUTOMOTIVE GROUP INC
(b)	Address of issuer's principal executive offices: 2905 Premiere Parkway NW, Suite 300, Duluth, GA 30097
Item 2.
(a)	Name of person filing: This statement is filed by Eminence Capital, LP, a Delaware limited partnership ("Eminence Capital") and Ricky C. Sandler, a U.S. Citizen ("Mr. Sandler," and together with Eminence Capital, the "Reporting Persons"). Eminence Capital serves as the management company or investment adviser to, and may be deemed to have shared voting and/or dispositive power (as the case may be) over the shares of Common Stock, par value $0.01 per share ("Common Stock") of Asbury Automotive Group, Inc., a Delaware corporation (the "Company") held by various investment funds (the "Eminence Funds") and separately managed accounts (the "Eminence SMAs," and together with the Eminence Funds, the "Eminence Funds and SMAs") under its management and control. The general partner of Eminence Capital is Eminence Capital GP, LLC, the sole managing member of which is Mr. Sandler. Mr. Sandler is the Chief Executive Officer of Eminence Capital and may be deemed to have shared voting and/or dispositive power (as the case may be) with respect to the shares of Common Stock held by the Eminence Funds and SMAs. The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13G of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business and principal office of Eminence Capital is 399 Park Avenue, 25th Floor, New York, NY 10022. The business address of Mr. Sandler is 399 Park Avenue, 25th Floor, New York, NY 10022.
(c)	Citizenship: Eminence Capital is a limited partnership organized under the laws of the State of Delaware. Mr. Sandler is a United States citizen.
(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: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 19,659,160 shares of Common Stock outstanding as of April 28, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission on April 30, 2025.
(b)	Percent of class: 5.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. No person other than the Reporting Persons and the Eminence Funds and SMAs is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock held by the Eminence Funds and SMAs.
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 acquired and are held in the ordinary course of business and 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.

Eminence Capital, LP

Signature:	/s/ Ricky C. Sandler
Name/Title:	Ricky C. Sandler, Chief Executive Officer
Date:	08/14/2025

Ricky C. Sandler

Signature:	/s/ Ricky C. Sandler
Name/Title:	Ricky C. Sandler, Individually
Date:	08/14/2025

Exhibit Information

Exhibit 99.1: Joint Filing Agreement

FAQ

What stake in Asbury Automotive Group (ABG) does Eminence Capital report?

The filing reports an aggregate beneficial ownership of 1,002,160 shares, representing 5.1% of the shares outstanding used for the calculation.

Who are the reporting persons on the Schedule 13G for ABG?

The reporting persons are Eminence Capital, LP (a Delaware limited partnership) and Ricky C. Sandler (CEO of Eminence Capital).

What voting and dispositive powers are reported by Eminence/Sandler?

The filing shows 0 sole voting power, 986,903 shared voting power, 0 sole dispositive power, and 1,002,160 shared dispositive power.

Does the filing indicate Eminence intends to influence control of ABG?

No. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

What share count was used to calculate the 5.1% ownership?

The percent was calculated using 19,659,160 shares outstanding as reported in the Company's quarterly report for the period ended March 31, 2025.