Billionaire David Abrams’ Top 5 Stock Picks with Upside Potential

4. Asbury Automotive Group Inc (NYSE:ABG)

Abrams Capital Management’s Investment Stake: $421.2 Million

Number of Hedge Fund Holders: 35

Stock Upside Potential: 10.03%

Asbury Automotive Group Inc (NYSE:ABG) is one of billionaire David Abrams’ top stock picks with upside potential. The stock makes up more than 9% of the billionaire’s portfolio. Asbury Automotive is a favorite of elite investors, with 35 hedge funds having stakes in the stock.

On June 22, Asbury Automotive Group Inc (NYSE:ABG) published its 2025 corporate responsibility report. In that report, the company outlined its major achievements and initiatives from the past year. These included efforts to support local communities, reduce environmental impact, and invest in team members.

Speaking of investing in teams, Asbury relocated its corporate team to a new headquarters in Atlanta, Georgia. It said this change enhances team experience and strengthens collaboration, which in turn supports the company’s goals.

One of these goals is achieving $30 billion in revenue by 2030. Asbury said it moved closer to this goal after generating more than $17 billion in revenue in 2025. This was achieved through continued investment in existing dealerships and acquisitions. The company presently operates 158 new vehicle dealerships and 202 franchises.

Asbury Automotive Group Inc (NYSE:ABG) operates auto dealerships and service centers across the US. It sells new and used cars across diverse brands and provides a broad array of repair and maintenance services. Additionally, the company offers financing and insurance products.