Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates over 90 stores (will be over 150 with the Larry H. Miller acquisition) with associated parts and service departments and 25 collision centers (36 with Miller). About 80% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in nine states (mostly Texas and the Southeast) and entered Colorado in 2019. Larry H. Miller stores will bring the total to 15 states. Asbury store brands include David McDavid and Park Place in Texas, Plaza in Missouri, and Nalley and Crown in the Southeastern U.S. Asbury generated $7.1 billion of revenue in 2020 and is based in the Atlanta area.
David WhistonSector Strategist