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NYSE:ABG

Asbury Automotive Group - ABG Stock Forecast, Price & News

$150.77
+3.09 (+2.09%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$146.67
$152.35
50-Day Range
$147.68
$198.57
52-Week Range
$143.28
$230.96
Volume
250,636 shs
Average Volume
244,087 shs
Market Capitalization
$3.34 billion
P/E Ratio
4.51
Dividend Yield
N/A
Price Target
$236.60

Asbury Automotive Group MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
56.9% Upside
$236.60 Price Target
Short Interest
Bearish
8.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.29
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-11.15%
From $37.58 to $33.39 Per Share

Overall MarketRank

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

1.62 out of 5 stars

Retail/Wholesale Sector

190th out of 209 stocks

Automotive Dealers & Gasoline Service Stations Industry

23rd out of 24 stocks

ABG stock logo

About Asbury Automotive Group (NYSE:ABG) Stock

Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. As of December 31, 2021, the company owned and operated 205 new vehicle franchises representing 31 brands of automobiles at 155 dealership locations; and 35 collision centers in the United States. Asbury Automotive Group, Inc. was founded in 1996 and is headquartered in Duluth, Georgia.

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ABG Stock News Headlines

Auto dealers go ‘all in’ on EVs
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ABG Company Calendar

Last Earnings
10/25/2021
Today
9/26/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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
$236.60
High Stock Price Forecast
$368.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+56.9%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$532.40 million
Pretax Margin
7.41%

Debt

Sales & Book Value

Annual Sales
$9.84 billion
Cash Flow
$26.97 per share
Book Value
$91.44 per share

Miscellaneous

Free Float
21,973,000
Market Cap
$3.34 billion
Optionable
Optionable
Beta
1.11

Key Executives

  • Mr. David W. HultMr. David W. Hult (Age 56)
    Pres, CEO & Director
    Comp: $4.45M
  • Mr. Michael D. Welch (Age 47)
    Sr. VP & CFO
    Comp: $1.04M
  • Mr. Daniel Clara (Age 42)
    Sr. VP of Operations
    Comp: $1.62M
  • Mr. George A. VillasanaMr. George A. Villasana (Age 54)
    Sr. VP, Chief Legal Officer & Sec.
    Comp: $1.62M
  • Mr. Jed M. MilsteinMr. Jed M. Milstein (Age 53)
    Sr. VP & Chief HR Officer
    Comp: $1.43M
  • Mr. Barry Cohen
    Chief Information Officer & VP
  • Ms. Barbara Jesup
    Chief Audit & Risk Exec.
  • Mr. Miran  MaricMr. Miran Maric (Age 33)
    Sr. VP of Strategy & Innovation
  • Ms. Karen Reid
    VP- Corp. FP&A and Treasurer













ABG Stock - Frequently Asked Questions

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

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.

What is Asbury Automotive Group's stock price forecast for 2022?

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.

How have ABG shares performed in 2022?

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
.

When is Asbury Automotive Group's next earnings date?

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

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 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
.

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 $149.68.

How much money does Asbury Automotive Group make?

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.

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 9/26/2022 by MarketBeat.com Staff

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