Asbury Automotive Group Stock Price, News & Analysis (NYSE:ABG)

2 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 and 1 buy rating for the stock. The consensus among Wall Street 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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2 equities research analysts have issued 1-year price targets for Asbury Automotive Group's stock. Their ABG share price targets range from $165.00 to $300.00. On average, they expect the company's stock price to reach $236.67 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
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Asbury Automotive Group's stock was trading at $179.25 at the beginning of 2023. Since then, ABG shares have increased by 21.5% and is now trading at $217.83.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Asbury Automotive Group, Inc. (NYSE:ABG) posted its quarterly earnings results on Tuesday, October, 24th. The company reported $8.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.44 by $0.32. The company earned $3.67 billion during the quarter, compared to analyst estimates of $3.72 billion. Asbury Automotive Group had a net margin of 6.13% and a trailing twelve-month return on equity of 24.10%.

ETFs with the largest weight of Asbury Automotive Group (NYSE:ABG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap Quality ETF (XSHQ), Harbor Corporate Culture Small Cap ETF (HAPS), Argent Mid Cap ETF (AMID), Invesco S&P SmallCap Momentum ETF (XSMO), Global X Guru Index ETF (GURU), VanEck Morningstar SMID Moat ETF (SMOT) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

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's stock is owned by many different retail and institutional investors. Top institutional investors include Impactive Capital LP (9.66%), Congress Asset Management Co. MA (2.52%), Morgan Stanley (1.40%), Eminence Capital LP (1.25%), Northern Trust Corp (1.17%) and Channing Capital Management LLC (1.12%). 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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