Citigroup Reduces Stake in Asbury Automotive Group

Institutional investor sells off nearly half its shares in auto retailer

Published on Mar. 6, 2026

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Citigroup Inc. has reduced its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 48%, selling 11,861 shares in the 3rd quarter. The institutional investor now owns 12,869 shares of the company's stock, valued at $3,146,000 at the end of the quarter.

Why it matters

Citigroup's move to significantly reduce its stake in Asbury Automotive Group, one of the largest automotive retailers in the U.S., could signal a shift in investor sentiment towards the company or the broader auto industry. This transaction provides insight into the investment strategies of major institutional players.

The details

According to a recent 13F filing with the Securities and Exchange Commission, Citigroup cut its position in Asbury Automotive Group by 48% in the 3rd quarter. The bank now holds 12,869 shares of the company's stock, down from 24,730 shares in the previous quarter.

  • Citigroup reduced its stake in Asbury Automotive Group during the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

Asbury Automotive Group, Inc.

One of the largest automotive retailers in the United States, operating a network of franchised dealerships representing a diverse portfolio of automotive brands.

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The takeaway

Citigroup's decision to significantly reduce its position in Asbury Automotive Group could signal a shift in investor sentiment towards the auto retail industry. This transaction provides insight into the investment strategies of major institutional players and may foreshadow broader trends in the sector.