Asbury Automotive CEO Buys 5,000 Shares

David Hult increases stake in automotive retail and service company

Published on Mar. 9, 2026

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David Hult, the President and CEO of Asbury Automotive Group Inc., a Fortune 500 automotive retail and service company headquartered in Duluth, Georgia, has purchased 5,000 additional shares of the company's stock. This transaction increases Hult's total ownership to 90,683 shares.

Why it matters

Insider buying can be a positive signal for investors, as it indicates the company's leadership has confidence in the business's future prospects. Asbury Automotive operates in a competitive industry, and Hult's increased stake suggests he believes the company is undervalued.

The details

According to SEC filings, Hult purchased the 5,000 shares on March 6, 2026 at a price of $205.34 per share. Asbury Automotive provides a range of automotive products and services, including new and used vehicle sales, vehicle maintenance and repair, replacement parts, and collision repair.

  • On March 6, 2026, David Hult purchased 5,000 shares of Asbury Automotive Group Inc.

The players

David Hult

President and Chief Executive Officer of Asbury Automotive Group Inc., a Fortune 500 automotive retail and service company.

Asbury Automotive Group Inc.

A Fortune 500 company that operates as one of the largest automotive retail and service companies in the United States, providing a range of automotive products and services.

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What’s next

Investors will likely monitor Asbury Automotive's stock performance and any further insider buying or selling activity in the coming weeks and months.

The takeaway

Hult's purchase of additional Asbury Automotive shares suggests the CEO believes the company is undervalued, which could signal an opportunity for investors to consider the stock as a potential investment.