4 Best Value Stocks to Buy According to David Abrams

2. Asbury Automotive Group, Inc. (NYSE:ABG)

Abrams Capital Management’s Stake Value: $442.8 million
P/E Ratio: 4.71

Asbury Automotive Group, Inc. (NYSE:ABG) is a Georgia-based car dealership company that has operations in various parts of the US. In the first quarter of 2023, the company reported revenue of $3.6 billion and its net income came in at $181 million. During the quarter, it repurchased shares worth over $21 million.

Asbury Automotive Group, Inc. (NYSE:ABG) was the third-largest holding of Abrams Capital Management at the close of Q1 2023. The hedge fund owned stakes worth roughly $443 million in the company, which represented 14% of its portfolio.

As of the close of Q1 2023, 27 hedge funds tracked by Insider Monkey had stakes in Asbury Automotive Group, Inc. (NYSE:ABG), with a total value of over $1.4 billion.