Asbury Automotive Group - ABG Stock Forecast, Price & News

3 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, 1 hold 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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3 analysts have issued 12-month target prices for Asbury Automotive Group's shares. Their ABG share price forecasts range from $135.00 to $368.00. On average, they expect the company's stock price to reach $228.25 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
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Asbury Automotive Group's stock was trading at $172.73 on January 1st, 2022. Since then, ABG stock has increased by 3.6% and is now trading at $178.96.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Asbury Automotive Group, Inc. (NYSE:ABG) issued its quarterly earnings data on Thursday, October, 27th. The company reported $9.23 EPS for the quarter, topping the consensus estimate of $9.22 by $0.01. The company earned $3.87 billion during the quarter, compared to the consensus estimate of $3.96 billion. Asbury Automotive Group had a net margin of 5.46% and a trailing twelve-month return on equity of 34.33%. Asbury Automotive Group's quarterly revenue was up 60.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.36 EPS.

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 BlackRock Inc. (15.51%), Vanguard Group Inc. (11.31%), Impactive Capital LP (9.95%), Neuberger Berman Group LLC (6.54%), State Street Corp (3.61%) and Congress Asset Management Co. MA (2.90%). 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.
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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 $178.96.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $3.96 billion and generates $9.84 billion in revenue each year. The company earns $532.40 million in net income (profit) each year or $35.12 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.