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

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 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ABG shares.
View ABG analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued twelve-month target prices for Asbury Automotive Group's stock. Their ABG share price forecasts range from $165.00 to $300.00. On average, they anticipate the company's share price to reach $216.67 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts price targets for ABG or view top-rated stocks among Wall Street analysts.

Asbury Automotive Group's stock was trading at $179.25 at the start of the year. Since then, ABG shares have increased by 28.4% and is now trading at $230.07.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ABG earnings forecast.

Asbury Automotive Group, Inc. (NYSE:ABG) announced its quarterly earnings data on Tuesday, July, 25th. The company reported $8.95 EPS for the quarter, topping analysts' consensus estimates of $8.24 by $0.71. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.80 billion. Asbury Automotive Group had a net margin of 6.28% and a trailing twelve-month return on equity of 26.62%. Asbury Automotive Group's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.04 EPS.

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

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.
Compare Top Brokerages Here.

One share of ABG stock can currently be purchased for approximately $230.07.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $4.73 billion and generates $15.43 billion in revenue each year. The company earns $997.30 million in net income (profit) each year or $42.89 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.