Asbury Automotive Group 주식 (NYSE: ABG)

Asbury Automotive Group (NYSE:ABG) 주식

Asbury Automotive Gr

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.

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금요일 아침 (동부 시간 기준) 미국 주식 선물이 하락세를 보이면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 엑슨모빌(NYSE:XOM)이 개장 전 매출 909억 9천만 달러, 주당 2.01달러의 분기 이익을 보고할 것으로 예상하고 있다. 엑슨모빌의 주가는 시간외 거래에서 0.2% 상승한 117.14달러를 기록했다.

금요일 주목해야 할 주식: 아마존닷컴, 애플, 쉐브론 그리고 2종목

Asbury Automotive Group Inc

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ABG SUNDAL COLLIER ASA by ABG Sundal Collier ASA

ABG Sundal Collier Holding ASA

Prior to his 5 years as SVP of Operations, he held positions as regional vice president, market director, general manager, other store-level department leadership roles, and store-level frontline retail positions at Asbury.

Management

Asbury Automotive Promotes Daniel E. Clara To COO, Effective February 17, 2025

Asbury Automotive Group Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) shares are trading lower on Tuesday. The company inked a deal to acquire The Herb Chambers Companies&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43777114/asbury-automotive-group-agrees-to-acquire-the-herb-chambers-companies" rel="noreferrer noopener">in a $1.34 billion deal</a>.
The transaction covers Herb Chambers&#8217; 33 dealerships, 52 franchises, and three collision centers,&nbsp;representing&nbsp;$2.9 billion in&nbsp;2024 revenue.
The transaction, expected to close in the late second quarter of 2025, is subject to customary conditions and will be funded through credit facilities, mortgage proceeds, and cash.&nbsp;
Herb Chambers, principal of the Herb Chambers Companies, has agreed to assume the post of Special Advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville, Massachusetts.
David Hult, Asbury&#8217;s President &amp;&nbsp;CEO,&nbsp;said, &#8220;HCC is a respected brand with a rich history and reputation for having a customer and team member-focused culture, aligning directly with Asbury&#8217;s North Star to become the most guest-centric automotive retailer.&#8221;
Last month, Asbury Automotive reported fourth-quarter revenue of $4.5 billion, beating estimates&nbsp;, and adjusted EPS of $7.26, which exceeded expectations, with a strong Parts &amp; Service segment&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43349755/asbury-automotive-shares-jumps-11-on-record-q4-revenue-and-strong-earnings-beat" rel="noreferrer noopener">performance offsetting margin pressures</a>.
As of December 31, 2024, the company had cash and floorplan offset accounts of $156 million and availability under the used vehicle floorplan&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43331814/asbury-automotive-group-reports-record-fourth-quarter-results" rel="noreferrer noopener">line and revolver of $672 million</a>.
Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P SmallCap Consumer Discretionary ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCD#NASDAQ">PSCD</a>) and&nbsp;VanEck ETF Trust VanEck Morningstar SMID Moat ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMOT#BATS">SMOT</a>).
Price Action: ABG shares are down 1.37% at $299.20 at the last check Tuesday.
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Photo courtesy: Shutterstock.

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Asbury Automotive Accelerates Expansion With $1.34 Billion Herb Chambers Takeover

Asbury Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>), one of the largest automotive retail and service companies in the U.S., signed a definitive agreement to acquire various automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership group in the country. The sale of this flagship New England Region company is one of the most sizable in U.S. auto retail history, representing $2.9 billion in revenue in 2024, and includes 33 dealerships, 52 franchises, and three collision centers. The transaction is subject to customary closing conditions and is expected to close late in the second quarter of 2025. Asbury plans to fund the $1.34 billion purchase price with a combination of credit facility capacity, mortgage proceeds and cash. Herb Chambers, principal of the Herb Chambers Companies, has agreed to assume the post of Special Advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville, Massachusetts.

Asbury Automotive to Acquire Herb Chambers Dealerships in $1.34B Deal, Adding $2.9B in Revenue

Stephens &amp; Co. analyst Jeff Lick maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Equal-Weight and raises the price target from $220 to $260.

Price Target

Analyst Ratings

Stephens & Co. Maintains Equal-Weight on Asbury Automotive Gr, Raises Price Target to $260

Asbury Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) shares are trading higher Thursday after the company reported strong fourth-quarter financial results that <a href="https://www.benzinga.com/pressreleases/25/01/b43331814/asbury-automotive-group-reports-record-fourth-quarter-results">exceeded analyst expectations</a>.
What To Know: The automotive retailer posted adjusted earnings per share of $7.26, beating the consensus estimate of $6.04. Revenue for the quarter reached a record $4.505 billion, surpassing expectations of $4.164 billion and marking an 18% increase from the previous year.
The company also reported record Parts &amp; Service gross profit of $340 million, up 19% year-over-year. Same-store Parts &amp; Service gross profit grew by 11%, while same-store revenue rose 6%. Despite a decline in gross margin and used vehicle retail profitability, Asbury managed to improve its SG&amp;A costs as a percentage of gross profit for the second consecutive quarter. The company attributed its strong performance to operational efficiency and strategic investments in technology and workforce development.
For 2024, Asbury reported a net income of $430 million ($21.50 per share), down from $603 million ($28.74 per share) in 2023. However, total revenue for the year hit a record $17.2 billion, reflecting a 16% increase. The company also repurchased approximately 830,000 shares for $183 million during the year, with $276 million remaining under its repurchase authorization.
ABG Price Action: Asbury Automotive shares were up 11.1% at $304.70 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent013025&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30133327/Screenshot-2025-01-30-at-13.32.47-1024x535.png" alt="" class="wp-image-758744" style="width:517px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30133327/Screenshot-2025-01-30-at-13.32.47-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30133327/Screenshot-2025-01-30-at-13.32.47-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30133327/Screenshot-2025-01-30-at-13.32.47-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30133327/Screenshot-2025-01-30-at-13.32.47.png 1503w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Asbury Automotive Shares Jumps 11% On Record Q4 Revenue And Strong Earnings Beat

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Ashbury Automotive shares are trading higher after the company reported better-than-expected Q4 financial results.

Earnings Beats

Asbury Automotive Gr Q4 2024 Adj. EPS $7.26 Beats $6.04 Estimate, Sales $4.505B Beat $4.164B Estimate

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Earnings Scheduled For January 30, 2025

JP Morgan analyst Rajat Gupta maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Neutral and lowers the price target from $260 to $255.

JP Morgan Maintains Neutral on Asbury Automotive Gr, Lowers Price Target to $255

Park Place, An Asbury Automotive Group Brand, Secures Key Dallas Location For Future Porsche Dealership And Advanced Volvo Service Center

A substantial insider sell was reported on December 2, by Daniel Clara, SVP at Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>), based on the recent SEC filing.
What Happened: Clara's recent move involves selling 4,600 shares of Asbury Automotive Gr. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001144980/000114498024000155//Archives/edgar/data/1144980/000114498024000155/0001144980-24-000155-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $1,199,684.
As of Tuesday morning, Asbury Automotive Gr shares are up by 0.75%, currently priced at $267.0.
<h3>All You Need to Know About Asbury Automotive Gr</h3>
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&amp;I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.
<h3>Asbury Automotive Gr: A Financial Overview</h3>
Revenue Growth: Over the 3 months period, Asbury Automotive Gr showcased positive performance, achieving a revenue growth rate of 15.56% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 16.95%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Asbury Automotive Gr's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 6.4.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 1.52, Asbury Automotive Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 14.87 is lower than the industry average, implying a discounted valuation for Asbury Automotive Gr's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.33, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 12.74 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes To Focus On</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001144980">Check Out The Full List Of Asbury Automotive Gr's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: Daniel Clara Offloads $1.20M Worth Of Asbury Automotive Gr Stock

Seaport Global analyst Glenn Chin downgrades Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) from Buy to Neutral.

Downgrades

Seaport Global Downgrades Asbury Automotive Gr to Neutral

Analysts' ratings for Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $248.0, a high estimate of $305.00, and a low estimate of $190.00. This current average has increased by 4.79% from the previous average price target of $236.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1730822437_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Asbury Automotive Gr by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$260.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Ryan Sigdahl</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Hold</td>
<td>$260.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$305.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$240.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Jeff Lick</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$216.00</td>
<td>-</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$190.00</td>
<td>$185.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Asbury Automotive Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Asbury Automotive Gr compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Asbury Automotive Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Asbury Automotive Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ABG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Asbury Automotive Gr analyst ratings.</a>
<h2>Discovering Asbury Automotive Gr: A Closer Look</h2>
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&amp;I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.
<h3>Asbury Automotive Gr's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Asbury Automotive Gr's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 15.56%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Asbury Automotive Gr's net margin is impressive, surpassing industry averages. With a net margin of 2.98%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Asbury Automotive Gr's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.77%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.23%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 1.52, Asbury Automotive Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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Navigating 7 Analyst Ratings For Asbury Automotive Gr

JP Morgan analyst Rajat Gupta maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Neutral and lowers the price target from $265 to $260.

JP Morgan Maintains Neutral on Asbury Automotive Gr, Lowers Price Target to $260

Craig-Hallum analyst Ryan Sigdahl maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Hold and raises the price target from $240 to $260.

Craig-Hallum Maintains Hold on Asbury Automotive Gr, Raises Price Target to $260

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly earnings of $6.35 per share which missed the analyst consensus estimate of $6.58 by 3.5 percent. The company reported quarterly sales of $4.24 billion which missed the analyst consensus estimate of $4.30 billion by 1.50 percent. This is a 15.57 percent increase over sales of $3.67 billion the same period last year.

Earnings Misses

Asbury Automotive Gr Q3 2024 Adj EPS $6.35 Misses $6.58 Estimate, Sales $4.24B Miss $4.30B Estimate

During the last three months, 5 analysts shared their evaluations of Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $243.2, a high estimate of $305.00, and a low estimate of $190.00. Marking an increase of 6.32%, the current average surpasses the previous average price target of $228.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1728936019_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Asbury Automotive Gr among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$305.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$240.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Jeff Lick</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$216.00</td>
<td>-</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$190.00</td>
<td>$185.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Asbury Automotive Gr. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Asbury Automotive Gr compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Asbury Automotive Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ABG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Asbury Automotive Gr analyst ratings.</a>
<h2>Unveiling the Story Behind Asbury Automotive Gr</h2>
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&amp;I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.
<h3>Asbury Automotive Gr: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Asbury Automotive Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 13.46%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Asbury Automotive Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.66% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Asbury Automotive Gr's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.84%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Asbury Automotive Gr's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.27% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Asbury Automotive Gr's debt-to-equity ratio is below the industry average. With a ratio of 1.58, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Asbury Automotive Gr Stock

B of A Securities analyst John Murphy maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Buy and lowers the price target from $310 to $305.

B of A Securities Maintains Buy on Asbury Automotive Gr, Lowers Price Target to $305

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