Asbury Automotive Group, Inc. (ABG)

NYSE: ABG · IEX Real-Time Price · USD
239.73
-3.26 (-1.34%)
May 15, 2024, 4:00 PM EDT - Market closed
-1.34%
Market Cap 4.84B
Revenue (ttm) 15.42B
Net Income (ttm) 568.20M
Shares Out 20.17M
EPS (ttm) 27.57
PE Ratio 8.70
Forward PE 7.46
Dividend n/a
Ex-Dividend Date n/a
Volume 152,699
Open 245.09
Previous Close 242.99
Day's Range 236.64 - 245.09
52-Week Range 178.40 - 256.39
Beta 1.19
Analysts Hold
Price Target 208.33 (-13.1%)
Earnings Date Apr 25, 2024

About ABG

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... [Read more]

Founded 1996
Employees 15,000
Stock Exchange NYSE
Ticker Symbol ABG
Full Company Profile

Financial Performance

In 2023, ABG's revenue was $14.80 billion, a decrease of -4.09% compared to the previous year's $15.43 billion. Earnings were $602.50 million, a decrease of -39.59%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ABG stock is "Hold." The 12-month stock price forecast is $208.33, which is a decrease of -13.10% from the latest price.

Price Target
$208.33
(-13.10% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million.

9 hours ago - Business Wire

Simon Sells ABG Stake, Eyes Express Despite Cooling Retail Holdings

U.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion...

Other symbols: SPG
5 days ago - Forbes

Asbury Automotive Group Reports Record $4.2 Billion in Revenue

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2024 net income ...

20 days ago - Business Wire

Asbury Automotive Announces Chief Legal Officer George Villasana to Retire

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Announces Chief Legal Officer George Villasana to Retire.

26 days ago - Business Wire

Asbury Automotive Group Releases 2023 Corporate Responsibility Report

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Releases 2023 Corporate Responsibility Report.

4 weeks ago - Business Wire

Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results.

5 weeks ago - Business Wire

The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store

WILMINGTON, Del.--(BUSINESS WIRE)--The Presidio Group Advises Asbury Automotive Group on the Sale of Koons Wilmington Lexus in Delaware to MileOne Autogroup.

2 months ago - Business Wire

Asbury Automotive Group Reports Fourth Quarter Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income...

3 months ago - Business Wire

Asbury Automotive Group Schedules Release of Fourth Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Fourth Quarter 2023 Financial Results.

4 months ago - Business Wire

Tekion Selected by Asbury Automotive Group to Elevate Guest Experiences

PLEASANTON, Calif.--(BUSINESS WIRE)--Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced a new engagement with Asbury Automotive Group,...

4 months ago - Business Wire

Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies.

5 months ago - Business Wire

Asbury Automotive Group Reports Third Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported third quarter 2023 net income ...

7 months ago - Business Wire

Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results.

7 months ago - Business Wire

Asbury Automotive to buy the Jim Koons auto dealership group for $1.2 billion, to expand in the Mid-Atlantic region

Shares of Asbury Automotive Group Inc. ABG, -2.68% rose 3.2% in premarket trading Friday, after the auto retailer announced a deal to buy the Jim Koons auto dealership group for about $1.2 billion. As...

8 months ago - Market Watch

Asbury Automotive Group Agrees to Acquire Jim Koons Automotive Companies in the Largest Auto Retail Acquisition Since 2021

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Agrees to Acquire Jim Koons Automotive Companies in the Largest Auto Retail Acquisition Since 2021.

8 months ago - Business Wire

Asbury Automotive Group Named to Newsweek's America's Greatest Workplaces 2023

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Named to Newsweek's America's Greatest Workplaces 2023.

9 months ago - Business Wire

Asbury Automotive Group Reports Second Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported second quarter 2023 net income...

10 months ago - Business Wire

Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results.

11 months ago - Business Wire

David Abrams Adds to Cantaloupe Stake, Trims 2 Top Holdings

David Abrams (Trades, Portfolio), the leader of Abrams Capital Management, disclosed his equity portfolio for the first quarter of 2023 last month.

Other symbols: CTLPTEVA
1 year ago - GuruFocus

Asbury Automotive Group Approves New Stock Repurchase Authorization of $250 Million

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Approves New Stock Repurchase Authorization of $250 Million.

1 year ago - Business Wire

The Presidio Group Advises Asbury Automotive on the Sale of McDavid Acura of Austin

AUSTIN, Texas--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail...

1 year ago - Business Wire

Asbury Automotive Group Reports First Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2023 net income ...

1 year ago - Business Wire

Asbury Automotive Group Schedules Release of First Quarter 2023 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of First Quarter 2023 Financial Results

1 year ago - Business Wire

Asbury Automotive Group Releases 2022 Corporate Responsibility Report

Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has published its 2022 Corporate Responsibility Report to present its Environmental, ...

1 year ago - Business Wire

Asbury Automotive Group Reports Record Fourth Quarter and Record Full Year 2022 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2022 net inco...

1 year ago - Business Wire