Asbury Automotive Group Inc Common Stock: Trading Venue and Class A Shares Analysis

Are you looking to invest in the automotive industry's top players? Look no further than Asbury Automotive Group Inc (NYSE: ASBY). In this article, we will delve into the details of trading venue and the benefits of investing in its Class A shares.

Understanding Asbury Automotive Group Inc

Asbury Automotive Group Inc is one of the leading automotive retailers in the United States. The company operates over 300 auto dealerships across 13 states, providing a wide range of new and used vehicles, as well as parts, service, and collision repair.

Trading Venue: Where to Buy ASBY Stock

When it comes to trading Asbury Automotive Group Inc's stock, investors have several options. The primary trading venue for ASBY is the New York Stock Exchange (NYSE), where it is listed under the ticker symbol "ASBY."

Investors can easily buy and sell ASBY shares through major brokerage firms and online platforms. The NYSE is known for its high liquidity, making it an ideal place to trade stocks like ASBY.

Class A Shares: What You Need to Know

Asbury Automotive Group Inc offers two classes of common stock: Class A and Class B. The primary difference between these classes lies in voting rights.

• Class A Shares: These shares have one vote per share and are traded on the NYSE. They are considered the standard class of stock for investors.
• Class B Shares: These shares have ten votes per share, which gives them significant voting power. However, Class B shares are not publicly traded and are held by the company's founders and executives.

When investing in Asbury Automotive Group Inc's Class A shares, you gain access to the company's voting rights, allowing you to participate in corporate decisions.

Benefits of Investing in ASBY Class A Shares

Investing in ASBY Class A shares comes with several benefits:

1. Liquidity: The NYSE provides a highly liquid trading venue for ASBY shares, ensuring that you can easily buy and sell your investment.
2. Voting Rights: As a Class A shareholder, you have the opportunity to vote on critical company decisions, giving you a say in the company's future.
3. Dividends: Asbury Automotive Group Inc has a history of paying dividends to its shareholders, providing an additional source of income.

Case Study: Asbury Automotive Group's Growth

A great example of Asbury Automotive Group Inc's growth potential is its acquisition of 100% of the equity in the automotive dealership business of AutoNation, Inc. in February 2020. This deal allowed Asbury to expand its market presence and enhance its position in the automotive industry.

Conclusion

Investing in Asbury Automotive Group Inc Common Stock, especially its Class A shares, can be a wise decision for investors looking to gain exposure to the automotive industry. With a strong presence in the U.S. market and a history of growth, ASBY presents a compelling opportunity for investors seeking long-term growth and dividends.