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26.02.26 - 01:54
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The Presidio Group Advised Asbury Automotive Group on the Sale of Three South Carolina Dealerships to RBM of Atlanta (Business Wire)
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GREENVILLE, S.C.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (“Asbury”) on the sale of three dealerships in Greenville, S.C., to RBM of Atlanta (“RBM”).
The transaction, which included related real estate, closed Feb. 23 and involved Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville. Asbury continues to own Toyota of Greenville and its collision center in the market.
Asbury's sale is another step in a broader portfolio management initiative.
“As we advance our long‑term growth strategy, we are continually assessing where each store best fits within our overall portfolio,” said David Hult, Asbury president and CEO. “While the decision to sell these stores was difficult, it reflects a thoughtful and disciplined approach to optimizing our footprint....
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25.02.26 - 22:33
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Asbury Automotive Group Portfolio Optimization; Increase in Share Repurchase Authorization to Replenish Such Authorization to $500 Million of Availability (Business Wire)
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ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced the completed sale of ten dealerships across Indiana, Missouri and South Carolina as part of capital allocation and portfolio optimization efforts.
Asbury received approximately $210 million in net proceeds from the sale of the dealerships. The proceeds are net of mortgage payoffs for the real estate and estimated taxes. The annualized revenue from these ten dealerships was approximately $610 million.
In addition, the Company today announced that its board of directors approved an increase in the authorization of the share repurchase plan for the Company of $424 million. Year to date, the Company has spent $100M repurchasing 441,000 shares. As of February 25, 2026, the Company had $76 million of remaining availability to repurchase shares of common stock under its existing stock repurchase program. As a result, with the increase in autho...
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25.02.26 - 15:42
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The Presidio Group Advised Asbury Automotive Group on the Sale of Six Luxury Dealerships in St. Louis to MileOne Autogroup (Business Wire)
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ST. LOUIS--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, advised Asbury Automotive Group, Inc. (“Asbury”) on the sale of six Plaza Motors dealerships and a collision center in the St. Louis market to MileOne Autogroup (“MileOne”).
The sale of the Plaza Motors businesses and their related real estate closed Feb. 23. The transaction involved Plaza Mercedes-Benz, Mercedes‑Benz of Chesterfield, Plaza BMW, Land Rover St. Louis, Audi Creve Coeur, Plaza Infiniti and Plaza Collision Center. MileOne will retain the well‑known Plaza name in the market.
For Asbury, the decision to sell the Plaza locations reflects a broader portfolio management initiative following a period of significant growth, including its 2025 acquisition of 33 dealerships from the Herb Chambers Companies.
“When we made the strategic decision to exit the St. L...
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24.02.26 - 13:00
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Atlantic Union Bankshares Corporation Names Alexander D. Dodd Chief Financial Officer and Updates Transition Plan (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation (“the Company”) today announced that Alexander D. Dodd, CFA, has been appointed Chief Financial Officer (“CFO”), effective April 13, 2026, succeeding Robert M. Gorman, who is retiring after nearly 14 years with the Company. To assist with Dodd's transition to the company, Gorman will remain with the Company through September 30, 2026 serving as an executive advisor.
"Alex will be a valuable addition to our leadership team," said John C. Asbury, President and Chief Executive Officer of Atlantic Union Bankshares. “He brings more than 20 years of enterprise finance leadership experience across U.S. and Canadian banking, including serving as Interim CFO for TD Bank's U.S. operations—a $375 billion asset institution. Alex also has experience at smaller institutions and offers extensive end-to-end experience across the finance functions of a regional bank.
“I also want to thank Rob for his flexibility while we conduc...
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09.02.26 - 17:30
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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06.02.26 - 23:42
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Analyst Expectations For Asbury Automotive Group′s Future (Benzinga)
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Latest Ratings for ABG
DateFirmActionFromTo Mar 2022Morgan StanleyMaintainsEqual-Weight Nov 2021Morgan StanleyMaintainsEqual-Weight Sep 2021Craig-HallumMaintainsBuy
View More Analyst Ratings for ABG
View the Latest Analyst Ratings
Importance Rank:
1
read more...
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06.02.26 - 13:06
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Hacman Financial Exclusively Advises Matt Bowers Automotive Group on Acquisition of Brownsburg, IN Chrysler Dodge Jeep Ram (Business Wire)
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ATLANTA--(BUSINESS WIRE)--Hacman Financial, an automotive consulting firm specializing in dealership mergers and acquisitions, served as the exclusive buy-side advisor to the Matt Bowers Automotive Group in its acquisition of Bill Estes Chrysler Dodge Jeep Ram in Brownsburg, Indiana, from Asbury Automotive Group (NYSE: ABG). The transaction was finalized on February 2, 2026. The dealership will operate as Indy Chrysler Dodge Jeep Ram.
The acquisition marks the Matt Bowers Automotive Group's first dealership location in Indiana, expands the group's footprint across five states, and represents its third Chrysler Dodge Jeep Ram franchise.
“It was a pleasure working with Matt and his team,” said Dan Clara, Chief Operating Officer (COO) of Asbury. “I am tremendously proud of the business and reputation we built at Bill Estes CDJR. I also appreciated the opportunity to work again with David Hacman. I congratulate Matt and the entire Bowers organization. I look forward to seeing the continued growth of t...
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05.02.26 - 17:45
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Sales are Underway at New Waterfront Townhome Community by Toll Brothers, 400 Lake at Asbury Park, in New Jersey (GlobeNewswire EN)
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ASBURY PARK, N.J., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced that sales are underway at 400 Lake at Asbury Park, a brand-new community of waterfront townhomes in Asbury Park, New Jersey. The Toll Brothers Sales Center, located at 400 Cookman Avenue in Asbury Park, is now open....
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