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Asbury Automotive
ABG

$255.84
1.46%

Market Cap: 5.16B

 

About: Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 157 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.

Employees: 15,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

152% more call options, than puts

Call options by funds: $62M | Put options by funds: $24.6M

3% more capital invested

Capital invested by funds: $4.91B [Q4 2023] → $5.03B (+$125M) [Q1 2024]

0.92% less ownership

Funds ownership: 106.0% [Q4 2023] → 105.08% (-0.92%) [Q1 2024]

8% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 53

1% less funds holding

Funds holding: 308 [Q4 2023] → 304 (-4) [Q1 2024]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 5 (-1) [Q1 2024]

27% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 127

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$230
10%
downside
Avg. target
$230
10%
downside
High target
$230
10%
downside

3 analyst ratings

positive
33%
neutral
67%
negative
0%
JP Morgan
Rajat Gupta
10%downside
$230
Neutral
Downgraded
10 Jun 2024
JP Morgan
Rajat Gupta
10%downside
$230
Overweight
Maintained
2 May 2024
Craig-Hallum
Ryan Sigdahl
10%downside
$230
Hold
Downgraded
9 Feb 2024

Financial journalist opinion

Based on 3 articles about ABG published over the past 30 days