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Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million

DULUTH, Ga. Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. “This expansion of our previous authorization reflects the commitment to our disciplined capital allocation approach,” said David Hult, Asbury’s President and Chief Executive Officer. ....

David Hult , Asbury Automotive Group Inc , Asbury Automotive Group , Chief Executive ,