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Is Asbury Automotive Stock a Buy After Investment Firm Magnolia Group Purchased Shares Worth Nearly $11 Million?

What happenedAccording to a filing with the Securities and Exchange Commission dated October 29, 2025, investment advisory firm Magnolia Group, LLC reported purchasing 44,500 additional shares of Asbury Automotive Group (ABG +0.42%). The estimated trade size was 10.82millionbasedontheaverageclosingprice.WhatelsetoknowThefundincreaseditspositionintheAsburyAutomotiveGrouptoatotalof282,623sharesvaluedat10.82 million based on the average closing price.What else to knowThe fund increased its position in the Asbury Automotive Group to a total of 282,623 shares valued at 69.09 million. This stock now accounts for 10.95% of Magnolia Group's reported ...