CEO David Hult Buys Over $1 Million in Asbury Automotive Stock
ABG is trading near its 52-week low of $195.17 (5.3% above the low).
Summary
Asbury Automotive Group's CEO, David W. Hult, made a significant open market purchase of over $1 million in company stock, signaling strong insider confidence.
Key Events · Ownership and Investor Activity · ABG
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CEO Makes Significant Open Market Purchase
President and CEO David W. Hult acquired 5,000 shares of common stock for a total of $1,026,706.40 through open market transactions on March 6, 2026.
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Routine Stock Grant and Tax Withholding
The filing also reported a grant of 14,261 performance share units and the disposition of 2,113 shares for tax withholding purposes, both routine compensation-related events on March 5, 2026.
Analysis · ABG · Trade & Services
Asbury Automotive Group's President and CEO, David W. Hult, demonstrated significant confidence in the company by purchasing over $1 million worth of common stock on the open market. This discretionary insider buying, especially from a top executive, often signals a belief in the company's future prospects and can be viewed positively by investors. The filing also reported a routine grant of performance share units and shares withheld for tax purposes, which are non-discretionary events.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1615 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ABG was trading at $205.46 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $195.17 to $274.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.