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

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.
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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%.
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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 26.4% and is now trading at $226.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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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.

ETFs with the largest weight of Asbury Automotive Group (NYSE:ABG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap Quality ETF (XSHQ), Harbor Corporate Culture Small Cap ETF (HAPS), Argent Mid Cap ETF (AMID), Invesco S&P SmallCap Momentum ETF (XSMO), Global X Guru Index ETF (GURU), VanEck Morningstar SMID Moat ETF (SMOT) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

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."

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.
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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 $226.51.

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.

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.