Asbury Automotive Group (ABG) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABG shares. 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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3 brokerages have issued 12 month price objectives for Asbury Automotive Group's stock. Their ABG share price forecasts range from $128.00 to $368.00. On average, they expect the company's share price to reach $239.00 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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Asbury Automotive Group's stock was trading at $179.25 at the beginning of the year. Since then, ABG stock has increased by 18.6% and is now trading at $212.60.
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Asbury Automotive Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,380,000 shares, an increase of 5.8% from the April 30th total of 2,250,000 shares. Based on an average daily trading volume, of 242,300 shares, the days-to-cover ratio is presently 9.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Asbury Automotive Group, Inc. (NYSE:ABG) released its quarterly earnings results on Tuesday, April, 25th. The company reported $8.37 earnings per share for the quarter, beating the consensus estimate of $7.94 by $0.43. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.79 billion. Asbury Automotive Group had a net margin of 6.23% and a trailing twelve-month return on equity of 29.48%. The company's revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.27 earnings per share.

ETFs with the largest weight of Asbury Automotive Group (NYSE:ABG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Alpha Architect U.S. Quantitative Value ETF (QVAL), Argent Mid Cap ETF (AMID), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Momentum ETF (XSMO), Cambria Value and Momentum ETF (VAMO), VanEck Morningstar SMID Moat ETF (SMOT) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

81 employees have rated Asbury Automotive Group Chief Executive Officer David Hult on Glassdoor.com. David Hult has an approval rating of 61% among the company's employees. This puts David Hult in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.09%), Impactive Capital LP (9.52%), State Street Corp (3.85%), Simcoe Capital Management LLC (3.01%), Congress Asset Management Co. MA (2.74%) and Dimensional Fund Advisors LP (2.69%). Insiders that own company stock include Abrams Capital Management, LP, Berman Bridget Ryan, David W Hult, George A Villasana, Jed Milstein, Juanita T James, Miran Maric and William Frederick Stax.
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Shares of ABG stock 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 $212.60.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $4.58 billion and generates $15.43 billion in revenue each year. The company earns $997.30 million in net income (profit) each year or $42.62 on an earnings per share basis.

The company employs 13,000 workers across the globe.

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