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 12 month price targets for Asbury Automotive Group's shares. Their ABG share price forecasts range from $128.00 to $368.00. On average, they expect the company's stock price to reach $226.50 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
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Asbury Automotive Group's stock was trading at $179.25 on January 1st, 2023. Since then, ABG shares have increased by 21.5% and is now trading at $217.70.
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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 short-interest ratio is currently 11.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Asbury Automotive Group will be holding an earnings conference call on Thursday, February 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735471".

Asbury Automotive Group, Inc. (NYSE:ABG) posted its earnings results on Monday, October, 25th. The company reported $7.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.36 by $1.00. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.27 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 revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned $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 retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (2.79%), Magnolia Group LLC (1.05%), Peregrine Capital Management LLC (0.30%), Phocas Financial Corp. (0.18%), Moody Aldrich Partners LLC (0.16%) and Ellsworth Advisors LLC (0.11%). 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 $217.70.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $4.82 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.