What Berkshire's Auto Dealership Acquisition Means For Mutual Fund Investors

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

What Berkshire's Auto Dealership Acquisition Means For Mutual Fund Investors

Warren Buffett Looking at the camera
Warren Buffett owns a very diverse group of companies and now he will be owning a car dealership company. Berkshire Hathaway announced on Thursday that it will be acquiring Van Tuyl Group – the largest privately owned car dealership company in the U.S.

Inside the Acquisition

Berkshire will be acquiring Van Tuyl Group for undisclosed terms. This dealership is the largest privately owned auto dealership company and the fifth overall largest auto dealership company in the U.S.

The company, which will be renamed Berkshire Hathaway Automotive will operate 78 dealerships and more than 100 franchises in 10 states. Buffett noted that the strategy with this acquisition will include pursuing additional dealerships to acquire.

Buffett noted, “I fully expect we’ll buy a lot more dealerships over time.”

“We will hear, I predict, from hundreds of dealerships in the next year,” he added.

The deal is expected to close in the first quarter of 2015 and is subject to approvals from the major auto manufacturers and other regulatory conditions.

Mutual Funds to Watch

While Berkshire’s BRK-A may be out of reach for many investors at over $200,000 per share, the company also offers its Class B share (BRK-B) at just over $135. For investors seeking other options, funds including ETFs and mutual funds can be a great alternative.

Below are the mutual funds with the largest stakes in Berkshire Hathaway.

The Bottom Line

This acquisition is just one of many that Berkshire has made. The company’s reputation has excited many investors and many have sought exposure to the company.

Be sure to check out Does Buffett Own It? to test your Berkshire acquisition knowledge.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Warren Buffett Looking at the camera

What Berkshire's Auto Dealership Acquisition Means For Mutual Fund Investors

Warren Buffett owns a very diverse group of companies and now he will be owning a car dealership company. Berkshire Hathaway announced on Thursday that it will be acquiring Van Tuyl Group – the largest privately owned car dealership company in the U.S.

Inside the Acquisition

Berkshire will be acquiring Van Tuyl Group for undisclosed terms. This dealership is the largest privately owned auto dealership company and the fifth overall largest auto dealership company in the U.S.

The company, which will be renamed Berkshire Hathaway Automotive will operate 78 dealerships and more than 100 franchises in 10 states. Buffett noted that the strategy with this acquisition will include pursuing additional dealerships to acquire.

Buffett noted, “I fully expect we’ll buy a lot more dealerships over time.”

“We will hear, I predict, from hundreds of dealerships in the next year,” he added.

The deal is expected to close in the first quarter of 2015 and is subject to approvals from the major auto manufacturers and other regulatory conditions.

Mutual Funds to Watch

While Berkshire’s BRK-A may be out of reach for many investors at over $200,000 per share, the company also offers its Class B share (BRK-B) at just over $135. For investors seeking other options, funds including ETFs and mutual funds can be a great alternative.

Below are the mutual funds with the largest stakes in Berkshire Hathaway.

The Bottom Line

This acquisition is just one of many that Berkshire has made. The company’s reputation has excited many investors and many have sought exposure to the company.

Be sure to check out Does Buffett Own It? to test your Berkshire acquisition knowledge.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next