SCHEDULE: Eminence Capital Discloses 4.95% Stake in Asbury Automotive
Beneficial Ownership Disclosure
Eminence Capital, LP and Ricky C. Sandler reported a 4.95% beneficial ownership stake in Asbury Automotive Group Inc., totaling 972,405 shares.
Summary
- Eminence Capital, LP and Ricky C. Sandler, as Reporting Persons, beneficially own 972,405 shares of Common Stock in Asbury Automotive Group Inc.
- This ownership represents 4.95% of the class of securities outstanding.
- The calculation of the percentage is based on 19,660,638 shares of Common Stock outstanding as of July 28, 2025, as reported in the Company's Quarterly Report on Form 10-Q.
- Both Eminence Capital, LP and Ricky C. Sandler hold shared voting power and shared dispositive power over all 972,405 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment towards the issuer's performance or outlook.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding Asbury Automotive Group Inc.'s future performance or operations.
Management Comments
- Ricky C. Sandler, Chief Executive Officer of Eminence Capital, LP, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Asbury Automotive Group Inc.
Industry Context
This filing is a routine disclosure of passive beneficial ownership by an investment firm, which is common practice in the financial industry. It does not provide specific insights into broader industry trends or competitive landscape for Asbury Automotive Group Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment position just under the 5% threshold.
Key Dates
| Date | Description |
|---|---|
| 2025-07-28 | Date as of which 19,660,638 shares of Common Stock were outstanding, used for percentage calculation. |
| 2025-09-30 | Date of event which required the filing of this statement. |
| 2025-11-14 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Asbury Automotive Group Inc., Eminence Capital, Ricky C. Sandler, beneficial ownership, Schedule 13G, common stock, investment adviser
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