Asbury Automotive (ABG)

• Market cap: $4.81B
• 1 day: 0.78%
• 5 days: -2.69%
• 1 month: -1.88%
• 3 months: 9.26%
• 6 months: 7.69%
• Year to date: 10.29%
• 1 year: 10.81%
• 5 years: 108.42%
• 10 years: 225.91%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

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

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: $5B [Q2] → $5.23B (+$223M) [Q3]

0.71% more ownership

Funds ownership: 109.28% [Q2] → 109.99% (+0.71%) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 118

Research analyst outlook

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

• Low target: $240 2% downside
• Avg. target: $266 8% upside
• High target: $305 24% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

JP Morgan Rajat Gupta 86% 1-year accuracy 24 / 28 met price target	6% upside $260	Neutral Maintained	5 Nov 2024
Craig-Hallum Ryan Sigdahl 55% 1-year accuracy 11 / 20 met price target	6% upside $260	Hold Maintained	30 Oct 2024
B of A Securities John Murphy 57% 1-year accuracy 24 / 42 met price target	24% upside $305	Buy Maintained	14 Oct 2024
Morgan Stanley Adam Jonas 56% 1-year accuracy 33 / 59 met price target	2% downside $240	Equal-Weight Upgraded	25 Sept 2024