5 Best Stocks to Buy According to Billionaire David Abrams

In this article, we will list the 5 Best Stocks to Buy According to Billionaire David Abrams. Please visit 12 Best Stocks to Buy According to Billionaire David Abrams if you would like to see the extended list and the methodology behind it.

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

Abrams Capital Management’s Stake: $501 Million

Asbury Automotive Group, Inc. (NYSE:ABG) is a long-term holding of Abrams Capital Management. The fund first purchased a stake in the company back in the third quarter of 2017. This position comprised 1 million shares. A year afterwards, the fund added 40% to this stake, increasing share ownership to 1.6 million. A further 20% was added in the next quarter and the holding was increased to nearly 2 million shares. At the beginning of 2020, Abrams loaded up on the stock once again, upping the existing stake by 11%. This brought the shares owned to over 2.1 million. Little to no activity was witnessed to this position till the third quarter of 2025, when the fund improved the position by 2.2%. At the end of the fourth quarter of 2025, Abrams owned nearly 2.2 million shares in the company.

Asbury Automotive Group, Inc. (NYSE:ABG) has faced headwinds from a recent revenue miss and a cooling automotive market, but elite hedge funds are using this weakness to build massive positions. These funds are betting on the value the stock offers for the long-term, as well as short-term growth signals like Asbury’s digital transformation. The company is currently rolling out the Tekion Dealer Management System across its 46 plus stores. By modernizing the back office of car dealerships with cloud-based AI, the firm aims to cut operational costs significantly. Institutional investors are buying now, expecting these efficiency gains to hit the bottom line by the second half of 2026.