U.S. markets closed
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • Dow 30

    34,899.34
    -905.04 (-2.53%)
     
  • Nasdaq

    15,491.66
    -353.57 (-2.23%)
     
  • Russell 2000

    2,245.94
    -85.52 (-3.67%)
     
  • Crude Oil

    68.15
    -10.24 (-13.06%)
     
  • Gold

    1,785.50
    +1.20 (+0.07%)
     
  • Silver

    23.11
    -0.39 (-1.66%)
     
  • EUR/USD

    1.1320
    +0.0108 (+0.96%)
     
  • 10-Yr Bond

    1.4820
    -0.1630 (-9.91%)
     
  • GBP/USD

    1.3338
    +0.0018 (+0.14%)
     
  • USD/JPY

    113.3300
    -2.0090 (-1.74%)
     
  • BTC-USD

    54,304.03
    -3,422.24 (-5.93%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • Nikkei 225

    28,751.62
    -747.66 (-2.53%)
     

Asbury Automotive to acquire Larry H. Miller Dealerships and Total Care Auto in $3.2 billion deal

·1 min read
Asbury Automotive to acquire Larry H. Miller Dealerships and Total Care Auto in $3.2 billion deal
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Asbury Automotive Group Inc. shares jumped 4% in premarket trade Wednesday, after the company said it has agreed to purchase Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, powered by Landcar, in a deal valued at $3.2 billion. The deal is expected to close in the fourth quarter and to add about $5.7 billion to annualized revenue. "This acquisition is a unique opportunity to rapidly expand Asbury's presence into these desirable, high-growth Western m