Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
11/17/2021 | $205.00 → $180.00 | Equal-Weight | Morgan Stanley |
SC 13G/A - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
SC 13G/A - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
SC 13G/A - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Subject)
Judge Directs DMS Provider to Transfer Data to a Competitor for Asbury Pilot Program Asbury Automotive Group (NYSE:ABG) ("Asbury") one of the largest automotive retail and service companies in the United States, announced today the entry of a court order directing CDK Global LLC ("CDK") to provide data for four Asbury dealerships to Tekion Corp. ("Tekion") as part of a pilot program initiated by Asbury at the dealerships. The court's order followed the filing of a lawsuit by Asbury in the Superior Court of Gwinnett County, Georgia. Prior to the entry of the order, CDK had refused to transfer the dealerships' data to Tekion, which competes with CDK in providing Dealership Management System
Asbury Automotive Group (NYSE:ABG) today rejected false and unfounded allegations by the Federal Trade Commission (FTC) that three of its dealerships in the Dallas-Ft. Worth area sold protection products to customers that the customers did not agree to buy and that the dealerships discriminated against minorities in the sale of these products. After carefully reviewing the dealerships' records, Asbury said it will contest the FTC's lawsuit alleging violations related to the sale of what the FTC calls "add-on" products and will defend the dealerships' sales practices. The dealerships – David McDavid Ford of Ft. Worth and David McDavid Honda of Frisco and of Irving – conducted a thorough
Sale of leading domestic brand in high-growth market highlights ongoing buyer demand in the Southern region; transaction represents the 276th dealership sold by Kerrigan Advisors since inception and 70th franchise sold year-to-date Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Atlanta-based Asbury Automotive Group (NYSE:ABG) in the sale of Nalley Chevrolet in Union City, a suburb of Atlanta, Georgia, to ALM Automotive Group. This transaction represents Kerrigan Advisors' 276th dealership sold since inception and 70th franchise sold year-to-date. Asbury Automotive Group is one of the largest automotive retailers in the United
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
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
JP Morgan downgraded Asbury Automotive from Overweight to Neutral and set a new price target of $230.00
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
10-Q - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
CDK statement: 'We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.'https://www.autonews.com/retail/cdk-outage-reboot-substantially-all-dealer-connections-are-live
- Bloomberg
Asbury Automotive Group, Inc. (NYSE:ABG) ("we," "our" or the "Company"), one of the largest automotive retail and service companies in the U.S., learned on Wednesday, June 19, 2024, that one of its vendors (CDK Global) experienced a cyber-attack impacting certain services provided to the Company and many other automotive retailers, including the Company's sales, service, inventory, customer relationship management, and accounting functions. Upon discovery of the incident, we took immediate precautionary steps to protect our systems.While information surrounding this event continues to evolve, our stores have contingency plans in place to minimize disruptions to our daily operations. Accordin
Record second quarter revenue of $4.2 billion Record for second quarter parts & service revenue of $581 million and gross profit of $340 million Repurchased approximately 193,000 shares for $43 million in the second quarter and approximately 592,000 shares for $130 million year-to-date through August 1, 2024 Asbury Automotive Group, Inc. (NYSE:ABG) (the "Company"), one of the largest automotive retail and service companies in the U.S., reported second quarter 2024 net income of $28 million ($1.39 per diluted share), a decrease of 86% from $196 million ($9.34 per diluted share) in second quarter 2023. Second quarter 2024 adjusted net income, a non-GAAP measure, decreased 31% year
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 second quarter financial results before the market opens on Friday, August 2, 2024. 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) 40
Operating margin of 6.3% EPS of $7.21 per diluted share Parts and service revenue growth of 15%; parts and service gross profit growth of 18% Repurchased approximately 240,000 shares for $50 million Asbury Automotive Group, Inc. (NYSE:ABG) (the "Company"), one of the largest automotive retail and service companies in the U.S., reported first quarter 2024 net income of $147 million ($7.21 per diluted share), a decrease of 19% from $181 million ($8.37 per diluted share) in first quarter 2023. "We delivered a strong first quarter, crossing over $4 billion in revenue for the first time in our company's history," said David Hult, Asbury's President and Chief Executive Officer. "Ou
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
Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced that Nathan Briesemeister joined the Company as its Vice President, Chief Accounting Officer & Controller effective November 7, 2022. "I am very excited to have Nathan join the Asbury Team. Nathan's experience will be a tremendous asset as we integrate our acquisitions and continue our 2025 growth plan," said Senior Vice President and Chief Financial Officer Michael Welch. Mr. Briesemeister joins the Company from Global Payments Inc. ("GPN"), a NYSE-listed Fortune 500 multinational financial technology company, that provides payment techno
Hilliard C. Terry, III Provides Asbury Automotive Group with In-Depth Knowledge of Finance, Capital Allocation, and Corporate Development 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 Hilliard C. Terry, III to its Board of Directors, effective February 22, 2022. The Board has appointed Mr. Terry to the Company's Compensation and Human Resources Committee and the Capital Allocation & Risk Management Committee. Mr. Terry's appointment brings the total number of Directors to ten, nine of whom are independent. Mr. Terry's highly accomplished career includes extens