NYSE:ABGAsbury Automotive Group Stock Price, Forecast & News

Asbury Automotive Group's stock was trading at $72.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ABG shares have increased by 2.5% and is now trading at $74.25. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Asbury Automotive Group.

Asbury Automotive Group is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Asbury Automotive Group.

Asbury Automotive Group, Inc. (NYSE:ABG) released its quarterly earnings results on Tuesday, May, 5th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.13. The business earned $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Asbury Automotive Group had a net margin of 2.28% and a return on equity of 28.33%. The firm's revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. View Asbury Automotive Group's earnings history.

5 brokerages have issued twelve-month target prices for Asbury Automotive Group's stock. Their forecasts range from $68.00 to $120.00. On average, they expect Asbury Automotive Group's share price to reach $84.80 in the next year. This suggests a possible upside of 14.2% from the stock's current price. View analysts' price targets for Asbury Automotive Group.

Headlines about ABG stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Asbury Automotive Group earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutAsbury Automotive Group.

Asbury Automotive Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,370,000 shares, an increase of 17.3% from the April 15th total of 2,020,000 shares. Based on an average trading volume of 293,700 shares, the days-to-cover ratio is currently 8.1 days. Approximately 12.4% of the shares of the company are short sold. View Asbury Automotive Group's Current Options Chain.

Some companies that are related to Asbury Automotive Group include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), AutoNation (AN), Penske Automotive Group (PAG), Lithia Motors (LAD), Monro (MNRO), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY), Sonic Automotive (SAH) and America's Car-Mart (CRMT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Asbury Automotive Group investors own include Lithia Motors (LAD), Group 1 Automotive (GPI), General Motors (GM), Methanex (MEOH), NVIDIA (NVDA), Sonic Automotive (SAH), Amplify Energy (AMPY), Amplify Energy (AMPY), AutoNation (AN) and General Electric (GE).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.79%), Abrams Capital Management L.P. (10.99%), Eminence Capital LP (4.29%), Morgan Stanley (3.86%), Morgan Stanley (3.86%) and State Street Corp (3.54%). 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 Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Deutsche Bank AG, Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A., AJO LP, and Federated Hermes Inc.. Company insiders that have sold Asbury Automotive Group company stock in the last year include Eugene S Katz, Jed Milstein, Juanita T James, Thomas C Deloach Jr, 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 Eminence Capital LP, Morgan Stanley, Morgan Stanley, Abrams Capital Management L.P., Schroder Investment Management Group, Mesirow Financial Investment Management Equity Management, State Street Corp, and Healthcare of Ontario Pension Plan Trust Fund. 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 $74.25.

Asbury Automotive Group has a market capitalization of $1.43 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]