Is Asbury Automotive Group (ABG) a Smart Long-Term Buy?


Vltava Fund, an financial commitment administration firm, published its 1st-quarter 2022 investor letter – a duplicate of which can be downloaded in this article. In its Q1 2022 investor letter, Vltava Fund talked about the influence of the Russian and Ukrainian economy’s collapse on the worldwide economic climate and stated some modifications in its portfolio. Check out to spend some time having a look at the fund’s prime 5 holdings to be educated about their best picks for 2022.

In its Q1 2022 investor letter, Vltava Fund talked about Asbury Automotive Group, Inc. (NYSE:ABG) and explained its insights for the enterprise. Started in 1995, Asbury Automotive Group, Inc. (NYSE:ABG) is a Duluth, Georgia-dependent automotive retail company with a $3.7 billion current market capitalization. Asbury Automotive Team, Inc. (NYSE:ABG) shipped a -6.44% return given that the starting of the calendar year, when its 12-thirty day period returns are down by -18.91%. The inventory closed at $161.61 for each share on April 12, 2022.

Listed here is what Vltava Fund has to say about Asbury Automotive Team, Inc. (NYSE:ABG) in its Q1 2022 investor letter:

“We then utilised the funds freed up to, among the other items, open three new positions. The inventory cost declines throughout the Russian invasion brought a whole lot of very good selling prices to the marketplace. Out of all the opportunities we thought of, we picked the stocks of Asbury Automotive Group (ABG).

Asbury Automotive Team is one of the premier vehicle dealership chains in the United States. Its revenues and earnings arrive from new car product sales, employed vehicle product sales, assistance and sections, and funding and coverage brokerage. This field is fairly properly known to us because of to our previously expense in Autonation (AN). This time, we made the decision to enter it by ABG. ABG has lengthy been expanding extremely speedily through a combination of natural development and acquisitions. It has a very excellent and effective asset allocation plan and a good deal of room in advance to proceed developing thanks to the fantastic fragmentation of the whole sector. The longterm improvement places smaller sellers at a drawback and the complete sector is heading toward even further gradual consolidation. We count on ABG to enjoy an crucial position in this and for its shareholders to profit accordingly.”

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Our calculations exhibit that Asbury Automotive Team, Inc. (NYSE:ABG) fell quick and didn’t make it on our list of the 30 Most Well-known Shares Among the Hedge Money. Asbury Automotive Group, Inc. (NYSE:ABG) was in 32 hedge fund portfolios at the stop of the to start with quarter of 2022, in comparison to 22 funds in the prior quarter. Asbury Automotive Group, Inc. (NYSE:ABG) delivered a -10.22% return in the previous 3 months.

In March 2022, we also shared one more hedge fund’s views on Asbury Automotive Team, Inc. (NYSE:ABG) in one more post. You can find much more investor letters from hedge money and popular investors on our hedge fund investor letters 2022 Q1 webpage.

Disclosure: None. This posting is initially posted at Insider Monkey.



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