---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-21-000147"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2021-12-07T23:59:59+00:00"
generated_at: "2026-06-28T03:01:51.241538+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Asbury Automotive acquires Stevinson Automotive for ~$377M, adds $715M annualized revenue

## Summary
- Acquired 8 dealerships in Denver (Lexus, Toyota, Porsche, Chevrolet, Hyundai, Jaguar) plus Land Rover open point.
- Purchase price ~$300M goodwill + ~$77M real property; financed with cash on hand.
- Stevinson adds ~$715M in annualized revenue; 48% from Toyota, 27% Lexus, 10% Porsche.
- Asbury also has $5.7B annualized revenue under contract from Larry H. Miller and Total Care Auto acquisitions.
- Kent Stevinson to remain to guide real estate and construction projects in Colorado.

## SEC filing metadata
- accession: 0001144980-21-000147
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2021-12-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000147/0001144980-21-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000147/abg-20211206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-21-000147
- JSON: https://secwatch.observer/filing/0001144980-21-000147.json
- Plain text: https://secwatch.observer/filing/0001144980-21-000147.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.