Asbury Automotive downgraded by JP Morgan with a new price target
$ABG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
JP Morgan downgraded Asbury Automotive from Overweight to Neutral and set a new price target of $230.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | Buy → Neutral | Seaport Research Partners | |
| 9/25/2024 | $190.00 → $240.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/12/2024 | $216.00 | Equal-Weight | Stephens |
| 6/10/2024 | $230.00 | Overweight → Neutral | JP Morgan |
| 2/8/2024 | Buy → Hold | Craig Hallum | |
| 10/31/2023 | $245.00 | Neutral → Overweight | JP Morgan |
| 5/20/2022 | Equal-Weight → Underweight | Morgan Stanley | |
| 3/8/2022 | $180.00 → $185.00 | Equal-Weight | Morgan Stanley |
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
SC 13G - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
SC 13G/A - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
SC 13G/A - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
Seaport Research Partners downgraded Asbury Automotive from Buy to Neutral
Morgan Stanley upgraded Asbury Automotive from Underweight to Equal-Weight and set a new price target of $240.00 from $190.00 previously
Stephens initiated coverage of Asbury Automotive with a rating of Equal-Weight and set a new price target of $216.00
The Board of Directors of Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Senior Vice President of Operations Daniel E. Clara has been promoted to Chief Operating Officer effective February 17, 2025. Mr. Clara has over 23 years of extensive automotive retail experience. 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. "Dan has done a great job leading store operations for Asbury for the past 5 years," sai
Sale of fourteenth largest private dealership group in the US includes 33 dealerships, 52 franchises, and 3 collision centers in Massachusetts and Rhode Island. Asbury Automotive Group, Inc. (NYSE:ABG), 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 cente
All-time record quarterly revenue of $4.5 billion, growth of 18% All-time record Parts & Service gross profit of $340 million, growth of 19%; same store Parts & Service gross profit growth of 11% Same store SG&A as a percentage of gross profit of 63.0%; same store adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 62.0% Back-to-back quarters of improved SG&A as a percentage of gross profit and adjusted SG&A as a percentage of gross profit, a non-GAAP measure; 137 bps and 141 bps, respectively, versus third quarter 2024 EPS of $6.54 per diluted share; adjusted EPS, a non-GAAP measure, of $7.26 per diluted share Asbury Automotive Group, Inc. (NYSE:ABG) (
All-time record quarterly revenue of $4.5 billion, growth of 18% All-time record Parts & Service gross profit of $340 million, growth of 19%; same store Parts & Service gross profit growth of 11% Same store SG&A as a percentage of gross profit of 63.0%; same store adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 62.0% Back-to-back quarters of improved SG&A as a percentage of gross profit and adjusted SG&A as a percentage of gross profit, a non-GAAP measure; 137 bps and 141 bps, respectively, versus third quarter 2024 EPS of $6.54 per diluted share; adjusted EPS, a non-GAAP measure, of $7.26 per diluted share Asbury Automotive Group, Inc. (NYSE:ABG) (
Asbury Automotive Group, Inc. (NYSE:ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter financial results before the market opens on Thursday, January 30, 2025. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time. The conference call will be simulcast live on the internet and can be accessed by logging onto https://investors.asburyauto.com. A replay will be available on this site for 30 days. In addition, live audio will be accessible to the public. Participants may enter the conference call five to ten minutes prior to the scheduled start of the call by dialing: Domestic: (877
Revenue of $4.2 billion, growth of 16% Parts & Service gross profit growth of 16% Same store SG&A as a percentage of gross profit of 64.5%; same store adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 63.8% Sequential improvement in SG&A as a percentage of gross profit of 25 bps and adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 39 bps EPS of $6.37 per diluted share; adjusted EPS, a non-GAAP measure, of $6.35 per diluted share Estimated EPS impact of $0.39 - $0.43 due to stop sale orders for certain vehicle models (estimated lost sales of nearly 1,200 new units) and lost business from Hurricane Helene Repurchased approximately 394,000
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
The Board of Directors of Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Senior Vice President of Operations Daniel E. Clara has been promoted to Chief Operating Officer effective February 17, 2025. Mr. Clara has over 23 years of extensive automotive retail experience. 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. "Dan has done a great job leading store operations for Asbury for the past 5 years," sai
Shamla Naidoo's Extensive Background in Technology, Data, and Privacy Provides Asbury Automotive Group with Additional Cyber Security Insight 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 appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. Naidoo. "We are thrilled to welcome Shamla to the Board. She is a tremendous addition and
Asbury Automotive Group, Inc. (NYSE:ABG) ("we," "our" or the "Company"), one of the largest automotive retail and service companies in the U.S., is proud to announce the appointment of Dean A. Calloway as SVP, General Counsel and Secretary, effective July 1, 2024. Dean joined Asbury as Assistant General Counsel in October 2013. He was promoted to Associate General Counsel in February 2017, and then promoted to Vice President and Associate General Counsel in August 2022. In his 10+ years with the Company, Dean has taken the lead on complex commercial litigation, cyber security issues, corporate governance matters, franchise and OEM matters, and employment issues. He has also served as assist