Asbury Automotive
ABG
Market cap $4.77B

243.57 USD

-0.96

0.39%

Updated Dec 30, 12:13 PM EST

1 day

-0.39%

5 days

-0.68%

1 month

-8.09%

3 months

2.09%

6 months

6.72%

Year to date

9.30%

1 year

9.30%

5 years

116.91%

10 years

216.90%

About: Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.

Employees: 15,000

Consumer Discretionary Auto Dealers & Gasoline Stations

0

Funds holding %

of 6,812 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

390% more call options, than puts

Call options by funds: $65.8M | Put options by funds: $13.4M

50% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 9 (+3) [Q3]

1% more funds holding

Funds holding: 299 [Q2] → 302 (+3) [Q3]

7% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 42

4% more capital invested

Capital invested by funds: $5.08B [Q2] → $5.26B (+$187M) [Q3]

0.09% less ownership

Funds ownership: 110.86% [Q2] → 110.77% (-0.09%) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 118

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$260

7%

upside

Avg. target

$275

13%

upside

High target

$305

25%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

JP Morgan Rajat Gupta 79% 1-year accuracy 22 / 28 met price target	7%upside $260	Neutral Maintained	5 Nov 2024
Craig-Hallum Ryan Sigdahl 45% 1-year accuracy 9 / 20 met price target	7%upside $260	Hold Maintained	30 Oct 2024
B of A Securities John Murphy 57% 1-year accuracy 24 / 42 met price target	25%upside $305	Buy Maintained	14 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ABG published over the past 30 days

Tekion Files Lawsuit Against CDK Global's Anticompetitive Practices

PLEASANTON, Calif.--(BUSINESS WIRE)--Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today filed a federal antitrust lawsuit against CDK Global, Inc. (“CDK”) accusing CDK of engaging in a systematic scheme to thwart competition in the franchise dealer management system (DMS) market. “CDK's technology is outdated. Instead of innovating and competing fairly, CDK has resorted to unfair and anticompetitive business tactics to protect its dominant.

Tekion Files Lawsuit Against CDK Global's Anticompetitive Practices

Park Place Plans Expansion On Newly Acquired Land In Texas

DALLAS--(BUSINESS WIRE)--Park Place Dealerships, a part of Asbury Automotive Group, Inc. (NYSE: ABG), successfully completed the purchase of 15 acres of land in Dallas, Texas, from Raytheon on December 4, 2024. Known for its best-in-class client service, Park Place is expected to develop a state-of-the-art Porsche dealership on the newly purchased property, providing its clients with the luxury experience synonymous with Park Place and Porsche. Demolition is expected to begin early 2025, with c.

Park Place Plans Expansion On Newly Acquired Land In Texas

Landcar Casualty Company Receives Upgraded Credit Rating from AM Best

DULUTH, Ga.--(BUSINESS WIRE)--Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best's upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes Landcar to the classification from stable to positive. “We are pleased to receive this enhanced recognit.

Landcar Casualty Company Receives Upgraded Credit Rating from AM Best

Zacks Investment Research

Why Is Asbury Automotive (ABG) Up 11.6% Since Last Earnings Report?

Asbury Automotive (ABG) reported earnings 30 days ago. What's next for the stock?

Why Is Asbury Automotive (ABG) Up 11.6% Since Last Earnings Report?

Zacks Investment Research

New Strong Sell Stocks for November 27th

AKBA, ABG and CLH have been added to the Zacks Rank #5 (Strong Sell) List on November 27, 2024.

New Strong Sell Stocks for November 27th

Zacks Investment Research

New Strong Sell Stocks for November 25th

AMX, AM and ABG have been added to the Zacks Rank #5 (Strong Sell) List on November 25, 2024.

New Strong Sell Stocks for November 25th

Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has been named in Newsweek's World's Most Trustworthy Companies 2024 list. Asbury ranked number 27 in the Vehicles & Components Industry. Newsweek partnered with Statista, a global data and business intelligence platform, to conduct a survey considering all stock listed companies headquartered in a target country with a revenue of over 500 million.

Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024

Asbury Automotive Group Elects New Director to Its Board

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. N.

Asbury Automotive Group Elects New Director to Its Board

Zacks Investment Research

New Strong Sell Stocks for November 13th

AOS, AGL and ABG have been added to the Zacks Rank #5 (Strong Sell) List on November 13, 2024.

New Strong Sell Stocks for November 13th

Undercovered Dozen: Asbury Automotive, Globalstar, Northland Power, Aquestive Therapeutics +

The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Xometry's AI-driven procurement software in a specialized B2B marketplace shows high-growth potential to Bert Hochfeld, making it a promising investment. Grassroots Trading argues that Boston Scientific's acquisition of Axonics enhances its urology offerings, positioning it strongly in the sacral neuromodulation field.

Undercovered Dozen: Asbury Automotive, Globalstar, Northland Power, Aquestive Therapeutics +

See News Rankings

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