Asbury Automotive Group - ABG Stock Forecast, Price & News

3 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 1 buy rating 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.
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3 Wall Street research analysts have issued twelve-month target prices for Asbury Automotive Group's stock. Their ABG share price forecasts range from $128.00 to $368.00. On average, they predict the company's share price to reach $237.20 in the next twelve months. This suggests a possible upside of 0.5% 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 31.6% and is now trading at $235.92.
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Asbury Automotive Group saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 2,080,000 shares, an increase of 9.5% from the December 15th total of 1,900,000 shares. Based on an average trading volume of 184,500 shares, the days-to-cover ratio is presently 11.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Asbury Automotive Group, Inc. (NYSE:ABG) released its earnings results on Thursday, February, 2nd. The company reported $9.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.23 by $0.89. The firm earned $3.70 billion during the quarter, compared to analysts' expectations of $3.86 billion. Asbury Automotive Group had a net margin of 6.46% and a trailing twelve-month return on equity of 34.91%. The business's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.46 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 many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (2.79%), River Road Asset Management LLC (2.47%), Magnolia Group LLC (1.05%), New York State Common Retirement Fund (0.45%), Peregrine Capital Management LLC (0.30%) and Congress Wealth Management LLC DE (0.28%). Insiders that own company stock include Abrams Capital Management, LP, Berman Bridget Ryan, David W Hult, Eugene S Katz, 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 $235.92.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $5.22 billion and generates $15.43 billion in revenue each year. The company earns $997.30 million in net income (profit) each year or $44.63 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.