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

Company Overview

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, and disability and accident insurance. Asbury Automotive Group, Inc. was founded in 1996 and is based in Duluth, Georgia.

Key Stats

• Today's Range: $246.94 to $251.78
• 50-Day Range: $212.93 to $265.75
• 52-Week Range: $195.09 to $277.13
• Volume: 133,340 shs
• Average Volume: 183,769 shs
• Market Capitalization: $4.90 billion
• P/E Ratio: 14.17
• Dividend Yield: N/A
• Price Target: $256.20
• Consensus Rating: Hold

Asbury Automotive Group Stock Analysis - MarketRank™

Asbury Automotive Group scored higher than 41% of companies evaluated by MarketBeat, and ranked 154th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Asbury Automotive Group has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Asbury Automotive Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.60%

Earnings Growth

Earnings for Asbury Automotive Group are expected to grow by 6.60% in the coming year, from $25.31 to $26.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Asbury Automotive Group is 14.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Asbury Automotive Group is 14.17, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 117.63.

Price to Book Value per Share Ratio

Asbury Automotive Group has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.74% of the float of Asbury Automotive Group has been sold short.

Short Interest Ratio / Days to Cover

Asbury Automotive Group has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Asbury Automotive Group has recently decreased by 3.81%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Asbury Automotive Group does not currently pay a dividend.

Dividend Growth

Asbury Automotive Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.1 / 5
• Environmental Score: -2.97

Percentage of Shares Shorted

11.74% of the float of Asbury Automotive Group has been sold short.

Short Interest Ratio / Days to Cover

Asbury Automotive Group has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Asbury Automotive Group has recently decreased by 3.81%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.08

News Sentiment

Asbury Automotive Group has a news sentiment score of 0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Asbury Automotive Group this week, compared to 4 articles on an average week.

Search Interest

5 people have searched for ABG on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Asbury Automotive Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.53% of the stock of Asbury Automotive Group is held by insiders.

ABG Stock Analysis - Frequently Asked Questions

How have ABG shares performed this year?

Asbury Automotive Group's stock was trading at $224.97 at the start of the year. Since then, ABG shares have increased by 11.3% and is now trading at $250.3250.
View the best growth stocks for 2024 here.

How were Asbury Automotive Group's earnings last quarter?

Asbury Automotive Group, Inc. (NYSE:ABG) posted its quarterly earnings data on Tuesday, October, 29th. The company reported $6.35 EPS for the quarter, missing the consensus estimate of $6.58 by $0.23. The company's revenue was up 15.6% compared to the same quarter last year.

Who are Asbury Automotive Group's major shareholders?

Asbury Automotive Group's top institutional investors include State Street Corp (4.09%), Simcoe Capital Management LLC (2.47%), Geode Capital Management LLC (2.38%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include Impactive Capital Lp, David W Hult, Jed Milstein, Philip F Maritz, Daniel Clara, Berman Bridget Ryan, George A Villasana and Miran Maric.
View institutional ownership trends.

How do I buy shares of Asbury Automotive Group?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Asbury Automotive Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Asbury Automotive Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Automotive dealers & gasoline service stations
• Sub-Industry: Automotive Retail
• Current Symbol: NYSE:ABG
• CUSIP: 04343610
• CIK: 1144980
• Web: www.asburyauto.com
• Phone: (770) 418-8200
• Fax: N/A
• Employees: 15,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $256.20
• High Stock Price Target: $305.00
• Low Stock Price Target: $216.00
• Potential Upside/Downside: +2.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $17.67
• Trailing P/E Ratio: 14.17
• Forward P/E Ratio: 9.89
• P/E Growth: N/A
• Net Income: $602.50 million
• Net Margins: 2.16%
• Pretax Margin: 2.90%
• Return on Equity: 16.51%
• Return on Assets: 5.38%

Debt

• Debt-to-Equity Ratio: 0.98
• Current Ratio: 1.20
• Quick Ratio: 0.41

Sales & Book Value

• Annual Sales: $14.80 billion
• Price / Sales: 0.33
• Cash Flow: $37.03 per share
• Price / Cash Flow: 6.76
• Book Value: $157.65 per share
• Price / Book: 1.59

Miscellaneous

• Outstanding Shares: 19,590,000
• Free Float: 19,483,000
• Market Cap: $4.90 billion
• Optionable: Optionable
• Beta: 1.16