American Century Companies Inc. Boosts Stake in Asbury Automotive Group

The investment firm increased its holdings in the automotive retailer by over 260% in the third quarter.

Published on Mar. 7, 2026

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American Century Companies Inc. significantly increased its stake in Asbury Automotive Group, Inc. (NYSE:ABG) during the third quarter, according to a recent SEC filing. The institutional investor now owns 159,645 shares of the company's stock, representing a 261.7% increase from the previous quarter.

Why it matters

This sizable investment by American Century Companies suggests the firm sees strong potential in Asbury Automotive Group, one of the largest automotive retailers in the United States. The move could signal growing confidence in the company's performance and future prospects.

The details

According to the 13F filing, American Century Companies purchased an additional 115,504 shares of Asbury Automotive Group during the third quarter, bringing its total holdings to 159,645 shares. This represents approximately 0.82% of the company's outstanding stock, valued at $39,025,000 as of the end of the quarter.

  • American Century Companies Inc. increased its stake in Asbury Automotive Group during the third quarter of 2026.

The players

American Century Companies Inc.

An investment management firm that provides a variety of investment strategies and products to individual and institutional clients.

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

This significant increase in American Century's stake in Asbury Automotive Group suggests the investment firm sees strong growth potential in the automotive retailer, which could signal positive developments for the company's future performance.