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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Asbury Automotive Group's stock. Their ABG share price targets range from $165.00 to $300.00. On average, they expect the company's stock price to reach $235.00 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Asbury Automotive Group's stock was trading at $224.97 at the beginning of the year. Since then, ABG stock has decreased by 4.3% and is now trading at $215.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Asbury Automotive Group will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Asbury Automotive Group, Inc. (NYSE:ABG) announced its earnings results on Thursday, February, 8th. The company reported $7.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.74 by $0.62. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.70 billion. Asbury Automotive Group had a trailing twelve-month return on equity of 21.68% and a net margin of 4.07%. Asbury Automotive Group's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.12 EPS.

ETFs with the largest weight of Asbury Automotive Group (NYSE:ABG) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Harbor Corporate Culture Small Cap ETF (HAPS), Invesco S&P SmallCap Quality ETF (XSHQ), Global X Guru Index ETF (GURU), SPDR S&P Retail ETF (XRT), Argent Mid Cap ETF (AMID), 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.02%), BTC Capital Management Inc. (0.01%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Berman Bridget Ryan, Daniel Clara, David W Hult, George A Villasana, Jed Milstein, Miran Maric and Philip F Maritz.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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