About Asbury Automotive Group
Asbury Automotive Group is a company based in Atlanta (United States) founded in 2002.. The company has 15,000 employees as of December 31, 2024. Asbury Automotive Group has completed 8 acquisitions, including Herb Chambers, Koons and Landcar.
- Headquarter Atlanta, United States
- Employees 15000 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Asbury Automotive Group Inc
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Annual Revenue
$17.19 B16.11as on Dec 31, 2024
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Net Profit
$430.3 M-28.58as on Dec 31, 2024
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EBITDA
$1.06 B-9.21as on Dec 31, 2024
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Latest Funding Round
$1.63 B (USD), Debt – Conventional
Sep 25, 2019
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Investors
BMW Group
& 11 more
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Employee Count
15000
as on Dec 31, 2024
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Investments & Acquisitions
Herb Chambers
& 7 more
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IPO & Listings of Asbury Automotive Group
Asbury Automotive Group is a publicly listed company on the NYSE with ticker symbol ABG in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Finance and Accounting
35 people
Leadership Team
26 people
Software Development Team
22 people
Operations Team
16 people
General Team
16 people
Sales and Marketing
13 people
Human Resources and Administration
11 people
Product Management Team
9 people
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Funding Insights of Asbury Automotive Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $1.6B
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First Round
First Round
(25 Sep 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Asbury Automotive Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Asbury Automotive Group
Asbury Automotive Group has secured backing from 12 investors, including institutional investors. Prominent investors backing the company include BMW Group, MassMutual and Bank of America. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Automotive manufacturing company
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Founded Year | Domain | Location | |
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Auto financing services are offered by Mercedes-Benz's subsidiary.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Asbury Automotive Group
Asbury Automotive Group has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Herb Chambers, Koons and Landcar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Car dealership and repair services are offered in Canada.
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2009 | ||||
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Provider of car dealership and repair services
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1999 | ||||
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Provider of maintenance, theft assistance, and leased vehicle, tire & wheel protection services
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Asbury Automotive Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asbury Automotive Group Comparisons
Competitors of Asbury Automotive Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asbury Automotive Group
Frequently Asked Questions about Asbury Automotive Group
When was Asbury Automotive Group founded?
Asbury Automotive Group was founded in 2002 and raised its 1st funding round 17 years after it was founded.
Where is Asbury Automotive Group located?
Asbury Automotive Group is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Asbury Automotive Group?
David Hult is the current CEO of Asbury Automotive Group.
How many employees does Asbury Automotive Group have?
As of Dec 31, 2024, the latest employee count at Asbury Automotive Group is 15,000.
What is the annual revenue of Asbury Automotive Group?
Annual revenue of Asbury Automotive Group is $17.19B as on Dec 31, 2024.
What does Asbury Automotive Group do?
Asbury Automotive Group was established in 2002 and is based in Atlanta, United States. Dealerships for 29 brands of American, European, and Asian automobiles are managed, alongside collision repair centers, throughout the country. Operations focus on vehicle sales and maintenance services. In 2022, revenues reached 15.43 billion, with net profit at 0.99 billion.
Is Asbury Automotive Group publicly traded?
Yes, Asbury Automotive Group is publicly traded on NYSE under the ticker symbol ABG.
How many acquisitions has Asbury Automotive Group made?
Asbury Automotive Group has made 8 acquisitions, including Herb Chambers, Koons, and Landcar.
Who are Asbury Automotive Group's investors?
Asbury Automotive Group has 12 investors. Key investors include BMW Group, MassMutual, Bank of America, US Bank, and Toyota Financial Services.
What is Asbury Automotive Group's ticker symbol?
The ticker symbol of Asbury Automotive Group is ABG on NYSE.