Asbury Automotive Group - ABG Stock Forecast, Price & News

5 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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.
View ABG analyst ratings or view top-rated stocks.

5 brokers have issued 1 year price objectives for Asbury Automotive Group's stock. Their ABG share price forecasts range from $135.00 to $368.00. On average, they anticipate the company's share price to reach $236.60 in the next twelve months. This suggests a possible upside of 58.1% from the stock's current price.
View analysts price targets for ABG or view top-rated stocks among Wall Street analysts.

Asbury Automotive Group's stock was trading at $172.73 at the start of the year. Since then, ABG shares have decreased by 13.3% and is now trading at $149.68.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our ABG earnings forecast.

Asbury Automotive Group, Inc. (NYSE:ABG) released its earnings results on Monday, October, 25th. The company reported $7.36 EPS for the quarter, beating the consensus estimate of $6.36 by $1.00. The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.27 billion. Asbury Automotive Group had a trailing twelve-month return on equity of 37.02% and a net margin of 5.62%. The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $4.08 earnings per share.

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 shareholders include State Street Corp (3.61%), Congress Asset Management Co. MA (3.34%), Simcoe Capital Management LLC (2.86%), Eminence Capital LP (1.92%), Victory Capital Management Inc. (1.12%) and Goldman Sachs Group Inc. (1.09%). Insiders that own company stock include Abrams Capital Management, LP, David W Hult, Eugene S Katz, George A Villasana, Jed Milstein, Juanita T James, Miran Maric and William Frederick Stax.
View institutional ownership trends.

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 $149.68.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $3.31 billion and generates $9.84 billion in revenue each year. The company earns $532.40 million in net income (profit) each year or $33.43 on an earnings per share basis.

The company 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 the company is www.asburyauto.com. The company can be reached via phone at (770) 418-8200 or via email at ir@asburyauto.com.