Asbury Automotive

Management has executed scaled M&A (Koons in 2023 and Herb Chambers in 2025), pursued portfolio pruning, advanced a multi‑year DMS upgrade, and repurchased shares opportunistically. 2025 buybacks totaled about 100 million dollars and Q1 2026 repurchases were about 147 million dollars with authorization lifted to 500 million dollars.

The strategy sensibly prioritizes P&S capacity, technology and selective real estate, but leverage drifted higher with deals and integration execution is critical for returns.