Asbury Automotive Group, Inc. (ABG)

NYSE: ABG · Real-Time Price · USD
244.78
-0.58 (-0.24%)
Jan 17, 2025, 4:00 PM EST - Market closed
-0.24%
Market Cap 4.79B
Revenue (ttm) 16.50B
Net Income (ttm) 357.00M
Shares Out 19.59M
EPS (ttm) 17.65
PE Ratio 13.87
Forward PE 9.25
Dividend n/a
Ex-Dividend Date n/a
Volume 256,335
Open 248.88
Previous Close 245.36
Day's Range 244.24 - 249.76
52-Week Range 195.09 - 277.13
Beta 1.19
Analysts Hold
Price Target 255.20 (+4.26%)
Earnings Date Jan 30, 2025

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, Asbury Automotive Group'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 6 analysts, the average rating for ABG stock is "Hold." The 12-month stock price forecast is $255.2, which is an increase of 4.26% from the latest price.

Price Target
$255.2
(4.26% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Asbury Automotive Earnings Preview: Q4 Performance May Be Quite Underwhelming

Asbury Automotive Group, Inc. faces uncertainty for Q4 due to Hurricane Milton and stop-sale orders, likely leading to a miss on top and bottom lines. Analysts expect $5.98 EPS on $4.12B revenue, but ...

4 days ago - Seeking Alpha

Top 6 Businesses We Own: Q4 2024 Update

Builders FirstSource (BLDR) offers a prime buying opportunity due to housing market fears, with strong free-cash-flow and a structural housing shortage supporting long-term growth.

Other symbols: BLDRFLGHCC
5 days ago - Seeking Alpha

Asbury Automotive Group Schedules Release of Fourth Quarter 2024 Financial Results

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

10 days ago - Business Wire

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, In...

5 weeks ago - Business Wire

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 Decembe...

5 weeks ago - Business Wire

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- (Exce...

5 weeks ago - Business Wire

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 C...

2 months ago - Business Wire

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 appoint...

2 months ago - Business Wire

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 ...

Other symbols: AQSTGSATWLKPXMTR
2 months ago - Seeking Alpha

Asbury Automotive: Attractive Valuation Looking Past Near-Term Noise

Asbury Automotive delivered a mixed Q3 given headwinds from Hurricane Helene, and Q4 will likely be equally messy. Vehicle gross margins continue to normalize, but its parts and services business cont...

2 months ago - Seeking Alpha

Asbury Automotive Group's Wendy Reynolds-Dobbs is Recognized as an Automotive News Champion of Diversity

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., is proud to announce Wendy Reynolds-Dobbs, VP and Chief...

2 months ago - Business Wire

Asbury Automotive Group, Inc. (ABG) Q3 2024 Earnings Call Transcript

Asbury Automotive Group, Inc. (NYSE:ABG) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Chris Reeves - Vice President, Finance & Treasurer David Hult - President &...

2 months ago - Seeking Alpha

Asbury Automotive Group Reports Third Quarter 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 2024 net income ...

2 months ago - Business Wire

Asbury Automotive Group Schedules Release of Third Quarter 2024 Financial Results

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

3 months ago - Business Wire

Asbury Automotive Sues to Block Administrative Proceeding by the Federal Trade Commission

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Sues to Block Administrative Proceeding by the Federal Trade Commission.

3 months ago - Business Wire

Asbury Automotive Wins Preliminary Injunction Against CDK Global LLC

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Wins Preliminary Injunction Against CDK Global LLC.

3 months ago - Business Wire

Asbury Automotive Denies Unfounded FTC Allegations, Vows a Vigorous Defense

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Denies Unfounded FTC Allegations Vows a Vigorous Defense.

5 months ago - Business Wire

Kerrigan Advisors Represents Asbury Automotive Group in Sale of Atlanta-based Nalley Chevrolet

ATLANTA--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Atlanta-based Asbury Automotive Group (NYSE: ABG)...

5 months ago - Business Wire

Asbury Automotive Group Named in America's Fastest-Growing Companies List by the Financial Times

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S, is proud to be recognized as one of America's Fastest-Gr...

5 months ago - Business Wire

Asbury Automotive Group: Looking Past The CDK Outage

Asbury Automotive Group is an auto retailer operating primarily in the Sun Belt and Mountain West of the United States. The company has significantly outperformed the Consumer Discretionary Select Sec...

6 months ago - Seeking Alpha

Asbury Automotive Group, Inc. (ABG) Q2 2024 Earnings Call Transcript

Asbury Automotive Group, Inc. (NYSE:ABG) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance & IR David Hult - President & CEO Dan Clara - SVP,...

6 months ago - Seeking Alpha

Asbury Automotive Group Reports Second Quarter 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 2024 net income...

6 months ago - Business Wire

Asbury Automotive Group Schedules Release of Second Quarter 2024 Financial Results

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

6 months ago - Business Wire

Asbury Automotive Group Announces Appointment of Senior Vice President, General Counsel and Corporate Secretary

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Announces Appointment of Senior Vice President, General Counsel and Corporate Secretary.

6 months ago - Business Wire

Asbury Automotive Group Provides Update on Service Impacts Related to the CDK Cyber Incident

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“we,” “our” or the “Company”), one of the largest automotive retail and service companies in the U.S., learned on Wednesday, Ju...

7 months ago - Business Wire