Asbury Automotive Group Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Asbury Automotive Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABG, but not buy additional shares or sell existing shares.
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4 brokers have issued twelve-month price targets for Asbury Automotive Group's shares. Their ABG stock forecasts range from $152.00 to $250.00. On average, they anticipate Asbury Automotive Group's stock price to reach $206.75 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
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Asbury Automotive Group's stock was trading at $172.73 at the beginning of 2022. Since then, ABG shares have increased by 2.6% and is now trading at $177.30.
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Asbury Automotive Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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Asbury Automotive Group, Inc. (NYSE:ABG) released its quarterly earnings data on Thursday, April, 28th. The company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.92 by $0.35. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.91 billion. Asbury Automotive Group had a trailing twelve-month return on equity of 39.72% and a net margin of 5.86%. Asbury Automotive Group's revenue was up 78.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.68 earnings per share.
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81 employees have rated Asbury Automotive Group CEO David Hult on Glassdoor.com. David Hult has an approval rating of 61% among Asbury Automotive Group's employees. This puts David Hult in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Asbury Automotive Group include AutoZone (AZO), O'Reilly Automotive (ORLY), CarMax (KMX), Advance Auto Parts (AAP), Penske Automotive Group (PAG), Lithia Motors (LAD), AutoNation (AN), Group 1 Automotive (GPI), Monro (MNRO), Sonic Automotive (SAH) and America's Car-Mart (CRMT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Asbury Automotive Group investors own include NVIDIA (NVDA), AbbVie (ABBV), Intel (INTC), Lithia Motors (LAD), General Motors (GM), Group 1 Automotive (GPI), Bristol-Myers Squibb (BMY), Micron Technology (MU), AutoNation (AN) and Broadcom (AVGO).

Asbury Automotive Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABG."

Asbury Automotive Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.52%), Vanguard Group Inc. (11.65%), Neuberger Berman Group LLC (6.53%), State Street Corp (3.65%), Capital Research Global Investors (3.44%) and Congress Asset Management Co. MA (3.23%). Company insiders that own Asbury Automotive Group stock include Abrams Capital Management, LP, David W Hult, Eugene S Katz, George A Villasana, Jed Milstein, Juanita T James, Miran Maric, Thomas C Deloach Jr and William Frederick Stax.
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ABG stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Eminence Capital LP, Simcoe Capital Management LLC, Assenagon Asset Management S.A., Neuberger Berman Group LLC, TimesSquare Capital Management LLC, BlackRock Inc., and Goldman Sachs Group Inc.. Company insiders that have sold Asbury Automotive Group company stock in the last two years include David W Hult, George A Villasana, Jed Milstein, Juanita T James, Miran Maric, and William Frederick Stax.
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ABG stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Vanguard Group Inc., Magnolia Group LLC, Royce & Associates LP, Congress Asset Management Co. MA, JPMorgan Chase & Co., Ellsworth Advisors LLC, and Victory Capital Management Inc..
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Shares of ABG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABG stock can currently be purchased for approximately $177.30.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $3.92 billion and generates $9.84 billion in revenue each year. The company earns $532.40 million in net income (profit) each year or $32.159990 on an earnings per share basis.

Asbury Automotive Group employs 14,200 workers across the globe.

Asbury Automotive Group's mailing address is 2905 PREMIERE PARKWAY NW SUITE 300, DULUTH GA, 30097. The official website for Asbury Automotive Group is www.asburyauto.com. The company can be reached via phone at (770) 418-8200 or via email at [email protected].