SEC Form 10-Q filed by Asbury Automotive Group Inc
$ABG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Unavailable
Unavailable
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| 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 |
Asbury Automotive Group, Inc. (NYSE:ABG), one of the largest automotive retail and service companies in the U.S., is proud to announce Wendy Reynolds-Dobbs, VP and Chief DEI Officer, has been named a 2024 Automotive News Champion of Diversity. The 2024 class of Champions of Diversity was chosen by Automotive News editors and journalists from scores of nominees. Profiles of this fourth class of Champions of Diversity are available at https://www.autonews.com/awards/notable-champions-of-diversity/2024/. For the fourth year, the Champions of Diversity in Automotive program has recognized individuals who uphold and advocate for diversity, equity, and inclusion (DEI) in the automotive industry.
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
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 third quarter financial results before the market opens on Tuesday, October 29, 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) 407-29
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
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 third quarter financial results before the market opens on Tuesday, October 29, 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) 407-29
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
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
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
10-Q - 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)
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
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