Asbury Automotive Group - ABG Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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 analysts have issued 12 month target prices for Asbury Automotive Group's stock. Their ABG share price forecasts range from $128.00 to $368.00. On average, they expect the company's share price to reach $240.25 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
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Asbury Automotive Group's stock was trading at $179.25 at the beginning of the year. Since then, ABG stock has increased by 17.2% and is now trading at $210.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our ABG earnings forecast.

Asbury Automotive Group, Inc. (NYSE:ABG) posted its quarterly earnings data on Thursday, February, 2nd. The company reported $9.12 EPS for the quarter, beating the consensus estimate of $8.23 by $0.89. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.86 billion. Asbury Automotive Group had a trailing twelve-month return on equity of 33.22% and a net margin of 6.46%. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $7.46 earnings per share.

ETFs with the largest weight of Asbury Automotive Group (NYSE:ABG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Innovator IBD 50 ETF (FFTY), Argent Mid Cap ETF (AMID), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Momentum ETF (XSMO), VanEck Morningstar SMID Moat ETF (SMOT), Global X Guru Index ETF (GURU) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

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."

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 $210.00.

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $4.55 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.

The company employs 13,000 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.