Asbury Automotive Group Stock Forecast, Price & News

Asbury Automotive Group's stock was trading at $72.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ABG shares have increased by 63.4% and is now trading at $118.33.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Asbury Automotive Group or view MarketBeat's top 5 stock picks.

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Asbury Automotive Group is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Asbury Automotive Group.

Asbury Automotive Group, Inc. (NYSE:ABG) posted its quarterly earnings data on Sunday, November, 1st. The company reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.91 by $0.17. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.89 billion. Asbury Automotive Group had a net margin of 3.08% and a return on equity of 29.87%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 EPS.
View Asbury Automotive Group's earnings history.

Asbury Automotive Group updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, October, 14th. The company provided earnings per share guidance of 4.00-4.08 for the period, compared to the Thomson Reuters consensus estimate of $3.26.

6 equities research analysts have issued 1-year target prices for Asbury Automotive Group's stock. Their forecasts range from $76.00 to $166.00. On average, they expect Asbury Automotive Group's share price to reach $116.29 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts' price targets for Asbury Automotive Group.

Some companies that are related to Asbury Automotive Group include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), Lithia Motors (LAD), AutoNation (AN), Penske Automotive Group (PAG), Group 1 Automotive (GPI), Sonic Automotive (SAH), Monro (MNRO), Prospect Capital (PBY) and America's Car-Mart (CRMT).
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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. (15.39%), State Street Corp (3.37%), Victory Capital Management Inc. (3.24%), Impactive Capital LP (3.09%), Morgan Stanley (2.40%) and Simcoe Capital Management LLC (1.82%). Company insiders that own Asbury Automotive Group stock include Abrams Capital Management, LP, David W Hult, Dennis E Clements, Eugene S Katz, George A Villasana, Jed Milstein, Juanita T James, Sean D Goodman, Thomas C Deloach Jr and William Frederick Stax.
View institutional ownership trends for Asbury Automotive Group.

ABG stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., BlackRock Inc., Victory Capital Management Inc., Federated Hermes Inc., Dalton Greiner Hartman Maher & Co., WINTON GROUP Ltd, Morgan Stanley, and State Street Corp. Company insiders that have sold Asbury Automotive Group company stock in the last year include Eugene S Katz, Jed Milstein, Juanita T James, and William Frederick Stax.
View insider buying and selling activity for Asbury Automotive Group.

ABG stock was purchased by a variety of institutional investors in the last quarter, including Simcoe Capital Management LLC, JPMorgan Chase & Co., AJO LP, Steel Canyon Capital LLC, Allianz Asset Management GmbH, BNP Paribas Arbitrage SA, Peregrine Capital Management LLC, and Chartwell Investment Partners LLC.
View insider buying and selling activity for Asbury Automotive Group.

Shares of ABG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ABG stock can currently be purchased for approximately $118.33.

Asbury Automotive Group has a market capitalization of $2.28 billion and generates $7.21 billion in revenue each year. The company earns $184.40 million in net income (profit) each year or $9.46 on an earnings per share basis. Asbury Automotive Group employs 8,500 workers across the globe.

The official website for Asbury Automotive Group is www.asburyauto.com.

Asbury Automotive Group's mailing address is 2905 PREMIERE PARKWAY NW SUITE 300, DULUTH GA, 30097. The company can be reached via phone at 770-418-8200 or via email at [email protected]