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Asbury Completes Acquisition of Herb Chambers Companies

Story Highlights
  • Asbury Automotive completed the acquisition of Herb Chambers Companies for $1.45 billion.
  • The acquisition expands Asbury’s presence into the Northeastern U.S. with 33 dealerships.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Asbury Completes Acquisition of Herb Chambers Companies

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Asbury ( (ABG) ) just unveiled an announcement.

On July 21, 2025, Asbury Automotive Group completed the acquisition of The Herb Chambers Companies, a major privately-owned dealership group in the U.S., for approximately $1.45 billion. This acquisition, funded through credit facilities and cash, adds 33 dealerships and 52 franchises to Asbury’s portfolio, expanding its presence into the Northeastern U.S. and is expected to generate significant value for shareholders.

The most recent analyst rating on (ABG) stock is a Buy with a $325.00 price target. To see the full list of analyst forecasts on Asbury stock, see the ABG Stock Forecast page.

Spark’s Take on ABG Stock

According to Spark, TipRanks’ AI Analyst, ABG is a Outperform.

The overall stock score reflects a strong earnings call and positive corporate event developments, particularly the strategic acquisition of Herb Chambers, which enhances growth prospects. Financial stability with strong cash flow and an attractive valuation also contribute positively. Mixed technical indicators and external challenges like tariffs and used vehicle sales decline, however, temper the outlook.

To see Spark’s full report on ABG stock, click here.

More about Asbury

Asbury Automotive Group, Inc. is a Fortune 500 company and one of the largest automotive retailers in the U.S., headquartered in Duluth, GA. The company offers a wide range of automotive products and services, including new and used vehicles, parts and service, and finance and insurance products. Asbury operates numerous dealerships and collision repair centers across the U.S. and is recognized for its strategic growth and guest-centric approach.

Average Trading Volume: 172,351

Technical Sentiment Signal: Hold

Current Market Cap: $4.52B

Find detailed analytics on ABG stock on TipRanks’ Stock Analysis page.

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