Asbury Automotive Group, Inc.
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Common Stock, par value $0.01 per share
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043436104
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July 2, 2018
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(Date of Event which Requires Filing of this Statement)
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[x]
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Rule 13d-1(b)
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[ ]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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1
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Names of Reporting Persons.
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Abrams Capital Management, LLC – Delaware
Abrams Capital Management, L.P. – Delaware
David Abrams – United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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6 Shared Voting Power
Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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7 Sole Dispositive Power
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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8 Shared Dispositive Power
Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
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11
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Percent of Class Represented by Amount in Row (9)
Abrams Capital Management, LLC – 5.26%
Abrams Capital Management, L.P. – 5.26%
David Abrams – 5.26%
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12
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Type of Reporting Person (See Instructions)
Abrams Capital Management, LLC – OO (Limited Liability Company)
Abrams Capital Management, L.P. – OO (Limited Partnership)
David Abrams – IN
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Item 1
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(a)
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Name of Issuer
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Asbury Automotive Group, Inc.
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(b)
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Address of Issuer's Principal Executive Offices
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2905 Premiere Parkway NW, Suite 300, Duluth, Georgia 30097
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Item 2
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(a)
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Name of Person Filing
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Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
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(b)
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Address of Principal Business Office or, if none, Residence
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Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
c/o Abrams Capital Management, L.P.
222 Berkeley Street, 21st Floor
Boston, MA 02116
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(c)
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Citizenship
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Abrams Capital Management, LLC - Delaware
Abrams Capital Management, L.P. - Delaware
David Abrams - United States
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(d)
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Title of Class of Securities
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Common Stock, par value $0.01 per share
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(e)
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CUSIP Number
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043436104
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Item 3
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ]
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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[ ]
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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[ ]
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Insurance Company as defined in Section 3(a)(19) of the Act;
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(d)
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[ ]
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e)
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[X]
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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[ ]
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A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
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(k)
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[ ]
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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Item 4
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Ownership
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Item 4(a)
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Amount Beneficially Owned**
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Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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Item 4(b)
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Percent of Class
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Abrams Capital Management, LLC – 5.26%
Abrams Capital Management, L.P. – 5.26%
David Abrams – 5.26%
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Item 4(c)
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Number of shares as to which each such person has voting and dispositive power:
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(i)
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sole power to vote or to direct the vote
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Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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(ii)
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shared power to vote or to direct the vote
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Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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(iii)
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sole power to dispose or to direct the disposition of
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Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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(iv)
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shared power to dispose or to direct the disposition of
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Abrams Capital Management, LLC – 1,085,091 shares
Abrams Capital Management, L.P. – 1,085,091 shares
David Abrams – 1,085,091 shares
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Item 5
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Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
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Item 6
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
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Item 7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Not applicable.
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Item 8
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9
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Notice of Dissolution of Group
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Not applicable.
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Item 10
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Certification
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Exhibits
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Exhibit
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99.1
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Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13D relating to Common Stock of the Issuer filed by the Reporting Persons with the Securities and Exchange Commission on March 15, 2018.
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ABRAMS CAPITAL MANAGEMENT, LLC
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By: /s/ David Abrams
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David Abrams, Managing Member
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ABRAMS CAPITAL MANAGEMENT, L.P.
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By: Abrams Capital Management, LLC,
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its General Partner
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By: /s/ David Abrams
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David Abrams, Managing Member
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DAVID ABRAMS
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By: /s/ David Abrams
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David Abrams, individually
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