Asbury Automotive Group, Inc. (ABG)
NYSE: ABG · IEX Real-Time Price · USD
245.86
-5.05 (-2.01%)
At close: Jul 19, 2024, 4:00 PM
245.87
+0.01 (0.00%)
After-hours: Jul 20, 2024, 12:58 PM EDT
Asbury Automotive Group Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ABG stock have an average target of 208.33, with a low estimate of 165 and a high estimate of 230. The average target predicts a decrease of -15.26% from the current stock price of 245.86.
Analyst Consensus: Hold
* Price targets were last updated on Jun 10, 2024.
Analyst Ratings
The average analyst rating for ABG stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $230 | Buy → Hold | Downgrades | $230 | -6.45% | Jun 10, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $235 → $230 | Buy | Maintains | $235 → $230 | -6.45% | May 2, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $230 | Strong Buy → Hold | Downgrades | $230 | -6.45% | Feb 9, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $245 | Hold → Buy | Upgrades | $245 | -0.35% | Oct 31, 2023 |
| JP Morgan | JP Morgan | Hold Maintains $245 → $250 | Hold | Maintains | $245 → $250 | +1.68% | Oct 12, 2023 |
Financial Forecast
Revenue This Year
17.59B
from 14.80B
Increased by 18.85%
Revenue Next Year
18.35B
from 17.59B
Increased by 4.29%
EPS This Year
29.88
from 28.74
Increased by 3.97%
EPS Next Year
31.00
from 29.88
Increased by 3.73%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.7B | 20.6B | 21.7B | 24.5B | 26.3B |
| Avg | 17.6B | 18.3B | 19.6B | 23.6B | 25.3B |
| Low | 16.8B | 16.9B | 17.8B | 22.9B | 24.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.3% | 17.0% | 18.2% | 25.3% | 11.4% |
| Avg | 18.8% | 4.3% | 6.7% | 20.5% | 7.1% |
| Low | 13.7% | -4.0% | -3.2% | 17.0% | 3.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.24 | 34.15 | 43.10 | 51.17 | 53.61 |
| Avg | 29.88 | 31.00 | 36.79 | 49.22 | 51.57 |
| Low | 28.14 | 28.01 | 31.17 | 47.76 | 50.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2% | 14.3% | 39.1% | 39.1% | 8.9% |
| Avg | 4.0% | 3.7% | 18.7% | 33.8% | 4.8% |
| Low | -2.1% | -6.3% | 0.6% | 29.8% | 1.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.