Asbury Automotive

A planned leadership handoff in May 2026 transitions long‑tenured CEO David Hult to Executive Chairman with COO Dan Clara stepping into CEO. The team has grown scale and mixed into luxury/imports, built TCA, and is pushing a unified tech stack (Tekion).

Offsetting this, the FTC’s ongoing case heightens reputational and compliance risk that will test the team’s operating discipline and culture. On balance, we see a capable operator with execution work ahead.