Exoduspoint Capital Management Adds $13M in Asbury Automotive Group, Inc. ($ABG)
Exoduspoint Capital Management has opened a new position in ABG, acquiring 62,664 shares worth about $12.8 million.
Key Points
- Exoduspoint Capital Management opened a new position in ABG, acquiring 62,664 shares valued at $12.8 million.
- On Thursday, ABG shares traded near $204.59, with recent insider buying activity noted.
- Analysts from Stephens & Co. reiterated a buy rating with a $242 target, while UBS initiated coverage with a hold rating.
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Exoduspoint Capital Management has opened a new position in ABG, acquiring 62,664 shares valued at approximately $12.8 million. This move was disclosed in the firm's latest 13F filing with the SEC, reflecting its holdings as of the most recent quarter.
Exoduspoint Capital Management vs. the S&P 500
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What Changed in Exoduspoint Capital Management's ABG Position
Exoduspoint Capital Management initiated a new stake in ABG, adding 62,664 shares to its portfolio, which are valued at about $12.8 million. This new buy marks the firm's entry into the company during the reporting period.
Other Institutional Activity in ABG
Several other institutional investors also adjusted their positions in ABG. BlackRock, Inc. slightly reduced its holdings by 24,963 shares, maintaining a total of 2,891,799 shares valued at $565.1 million. Abrams Capital Management, L.P. held steady with 2,155,492 shares worth $421.2 million. Dimensional Fund Advisors LP increased its position by 34,104 shares to a total of 1,156,426 shares, valued at $226.0 million. Vanguard Portfolio Management LLC opened a new position with 1,117,431 shares, valued at approximately $218.4 million. Meanwhile, Impactive Capital LP reduced its stake by 174,343 shares, leaving it with 1,072,684 shares valued at $209.6 million.
Asbury Automotive Group, Inc. Stock Down 3.3%
Shares of ABG traded near $204.59 on Thursday. The company is currently navigating a market environment with significant institutional activity, as evidenced by recent filings. The stock's movement and institutional interest suggest that it remains a point of focus for investors.
$ABG stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Asbury Automotive Group, Inc.
Recent insider transactions at ABG include multiple purchases and sales. On May 20, 2026, Christopher Disantis bought 157 shares at an average price of $182.31. Earlier in the month, on May 4, CEO Daniel Clara acquired 4,532 shares. David Hult, President & CEO, sold 5,085 shares on March 16, 2026.
Analysts Set New Price Targets
On June 2, 2026, Stephens & Co. reiterated its buy rating for ABG with a price target of $242. UBS initiated coverage on May 27, 2026, with a hold rating and a $202 target. JP Morgan maintained its sell rating on May 7, 2026, setting a target price of $220. The consensus among analysts suggests a mixed outlook, with a mean target price of $220.
Bottom Line
Exoduspoint Capital Management's new stake in ABG highlights the firm's interest in the company. While the 13F filing provides a snapshot of past holdings, it may not reflect current positions. Investors often track these filings to gauge institutional interest and potential market movements.
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