Simcoe Capital Management Reduces Stake in Asbury Automotive Group

The institutional investor sold over 93,000 shares of the auto retailer in the third quarter.

Mar. 14, 2026 at 10:06am

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Simcoe Capital Management LLC reduced its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 54.8% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 77,070 shares of the company's stock, down from 170,455 shares previously.

Why it matters

Asbury Automotive Group is one of the largest automotive retailers in the United States, operating a network of franchised dealerships across the country. Simcoe Capital Management's decision to significantly reduce its stake in the company could signal a shift in investor sentiment or a change in the firm's investment strategy.

The details

According to the 13F filing, Simcoe Capital Management sold 93,385 shares of Asbury Automotive Group during the third quarter, leaving the firm with a remaining position of 77,070 shares. This represents approximately 0.40% of the company's outstanding shares, down from 0.88% previously.

  • Simcoe Capital Management reduced its stake in Asbury Automotive Group during the third quarter of 2026.

The players

Simcoe Capital Management LLC

An institutional investor that previously held a significant stake in Asbury Automotive Group.

Asbury Automotive Group, Inc.

A large automotive retailer operating a network of franchised dealerships across the United States.

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The takeaway

Simcoe Capital Management's decision to reduce its position in Asbury Automotive Group could be a sign of broader market trends or a shift in the firm's investment strategy. However, without additional context or commentary from the firm, it's difficult to draw any definitive conclusions about the reasons behind the move.