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NYSE:ABG

Asbury Automotive Group (ABG) Stock Forecast, Price & News

$227.42
+0.87 (+0.38%)
(As of 01:21 PM ET)
Compare
Today's Range
$222.50
$228.00
50-Day Range
$217.44
$249.89
52-Week Range
$138.88
$256.39
Volume
33,836 shs
Average Volume
216,247 shs
Market Capitalization
$4.68 billion
P/E Ratio
5.30
Dividend Yield
N/A
Price Target
$216.67

Asbury Automotive Group MarketRank™ Forecast

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
4.1% Downside
$216.67 Price Target
Short Interest
Bearish
10.50% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.97
Upright™ Environmental Score
News Sentiment
1.09mentions of Asbury Automotive Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.86%
From $33.53 to $31.23 Per Share

Overall MarketRank

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

0.96 out of 5 stars

Retail/Wholesale Sector

206th out of 211 stocks

Automotive Dealers & Gasoline Service Stations Industry

20th out of 21 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 disability and accident insurance. Asbury Automotive Group, Inc. was founded in 1996 and is based in Duluth, Georgia.

ABG Price History

ABG Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Asbury Automotive to pay $1.2 billion for competitor
Midday movers: Apple, RH, GameStop and more
Asbury Automotive To Buy Jim Koons Automotive; Terms Not Disclosed
See More Headlines
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ABG Company Calendar

Last Earnings
7/25/2023
Today
9/21/2023
Next Earnings (Estimated)
10/26/2023
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
13,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$216.67
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
-4.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$997.30 million
Pretax Margin
8.31%

Debt

Sales & Book Value

Annual Sales
$15.43 billion
Cash Flow
$41.95 per share
Book Value
$131.18 per share

Miscellaneous

Free Float
20,491,000
Market Cap
$4.66 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Mr. David W. HultMr. David W. Hult (Age 57)
    Pres, CEO & Director
    Comp: $4.83M
  • Mr. Michael D. Welch (Age 48)
    Sr. VP & CFO
    Comp: $1.69M
  • Mr. Daniel Clara (Age 43)
    Sr. VP of Operations
    Comp: $1.77M
  • Mr. George A. VillasanaMr. George A. Villasana (Age 55)
    Sr. VP, Chief Legal Officer & Sec.
    Comp: $1.7M
  • Mr. Jed M. MilsteinMr. Jed M. Milstein (Age 54)
    Sr. VP & Chief HR Officer
    Comp: $1.51M
  • Mr. Nathan Edward Briesemeister (Age 51)
    VP, Chief Accounting Officer & Controller
  • Mr. Barry Cohen
    Chief Information Officer & VP
  • Mr. Miran  MaricMr. Miran Maric (Age 34)
    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?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ABG shares.
View ABG analyst ratings
or view top-rated stocks.

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

2 equities research analysts have issued 12 month price objectives for Asbury Automotive Group's shares. Their ABG share price forecasts range from $165.00 to $300.00. On average, they expect the company's share price to reach $216.67 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
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 26.4% and is now trading at $226.51.
View the best growth stocks for 2023 here
.

When is Asbury Automotive Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ABG earnings forecast
.

How were Asbury Automotive Group's earnings last quarter?

Asbury Automotive Group, Inc. (NYSE:ABG) issued its earnings results on Tuesday, July, 25th. The company reported $8.95 earnings per share for the quarter, beating analysts' consensus estimates of $8.24 by $0.71. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.80 billion. Asbury Automotive Group had a trailing twelve-month return on equity of 26.62% and a net margin of 6.28%. Asbury Automotive Group's revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.04 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 investors include BlackRock Inc. (16.38%), Impactive Capital LP (9.93%), State Street Corp (3.98%), Dimensional Fund Advisors LP (3.55%), Congress Asset Management Co. MA (2.42%) and Capital Research Global Investors (2.19%). Insiders that own company stock include Abrams Capital Management, LP, Berman Bridget Ryan, David W Hult, 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 $226.51.

How much money does Asbury Automotive Group make?

Asbury Automotive Group (NYSE:ABG) has a market capitalization of $4.66 billion and generates $15.43 billion in revenue each year. The company earns $997.30 million in net income (profit) each year or $42.89 on an earnings per share basis.

How many employees does Asbury Automotive Group have?

The company employs 13,000 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 9/21/2023 by MarketBeat.com Staff

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