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NYSE:ABG

Asbury Automotive Group - ABG Stock Forecast, Price & News

$233.23
-2.69 (-1.14%)
(As of 02/8/2023 12:38 PM ET)
Add
Compare
Today's Range
$231.99
$237.06
50-Day Range
$158.71
$243.13
52-Week Range
$138.88
$253.67
Volume
69,151 shs
Average Volume
239,006 shs
Market Capitalization
$5.16 billion
P/E Ratio
5.23
Dividend Yield
N/A
Price Target
$237.20

Asbury Automotive Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.2% Upside
$237.20 Price Target
Short Interest
Bearish
10.08% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.97
Upright™ Environmental Score
News Sentiment
1.02mentions of Asbury Automotive Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$6.78 M Sold Last Quarter
Proj. Earnings Growth
-14.80%
From $29.39 to $25.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.28 out of 5 stars

Retail/Wholesale Sector

203rd out of 213 stocks

Automotive Dealers & Gasoline Service Stations Industry

24th out of 24 stocks

ABG stock logo

About Asbury Automotive Group (NYSE:ABG) Stock

Asbury Automotive Group, Inc. operates as a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services. It is also involved in providing finance and insurance products. The TCA segment offers extended vehicle service contracts, prepaid maintenance contracts, vehicle theft assistance contracts, key replacement contracts, guaranteed asset protection contracts, paintless dent repair contracts, appearance protection contracts, tire and wheel, and lease wear and tear contracts. The company was founded in January 1995 and is headquartered in Duluth, GA.

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ABG Stock News Headlines

Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
Asbury Automotive Group (ABG) Set to Announce Earnings on Thursday
Asbury Automotive Group (NYSE:ABG) Upgraded at StockNews.com
ABG Asbury Automotive Group, Inc.
Massive Insider Trade At Asbury Automotive Group
Asbury (ABG) Q3 Earnings Surpass Estimates, Rise 39% Y/Y
Asbury Automotive Group (ABG) Beats Q3 Earnings Estimates
See More Headlines
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ABG Company Calendar

Last Earnings
2/02/2023
Today
2/08/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Automotive Retail
CUSIP
04343610
Fax
N/A
Employees
14,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$237.20
High Stock Price Forecast
$368.00
Low Stock Price Forecast
$128.00
Forecasted Upside/Downside
+1.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$997.30 million
Pretax Margin
8.55%

Debt

Sales & Book Value

Annual Sales
$15.43 billion
Cash Flow
$40.70 per share
Book Value
$91.44 per share

Miscellaneous

Free Float
21,974,000
Market Cap
$5.16 billion
Optionable
Optionable
Beta
1.17

Key Executives

  • David W. HultDavid W. Hult
    President, Chief Executive Officer & Director
  • Daniel Clara
    Senior Vice President-Operations
  • Michael D. Welch
    Chief Financial Officer & Senior Vice President
  • Barry Cohen
    Chief Information Officer & Vice President
  • George A. VillasanaGeorge A. Villasana
    Secretary, Chief Legal Officer & Senior VP













ABG Stock - Frequently Asked Questions

Should I buy or sell Asbury Automotive Group stock right now?

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.
View ABG analyst ratings
or view top-rated stocks.

What is Asbury Automotive Group's stock price forecast for 2023?

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.
View analysts price targets for ABG
or view top-rated stocks among Wall Street analysts.

How have ABG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Asbury Automotive Group?

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.
View Asbury Automotive Group's Short Interest
.

When is Asbury Automotive Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our ABG earnings forecast
.

How were Asbury Automotive Group's earnings last quarter?

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.

What is David Hult's approval rating as Asbury Automotive Group's CEO?

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.

What other stocks do shareholders of Asbury Automotive Group own?

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).

What is Asbury Automotive Group's stock symbol?

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

Who are Asbury Automotive Group's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Asbury Automotive Group?

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.

What is Asbury Automotive Group's stock price today?

One share of ABG stock can currently be purchased for approximately $235.92.

How much money does Asbury Automotive Group make?

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.

How many employees does Asbury Automotive Group have?

The company employs 14,200 workers across the globe.

How can I contact Asbury Automotive Group?

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.

This page (NYSE:ABG) was last updated on 2/8/2023 by MarketBeat.com Staff