Asbury Automotive Group Stock Today

ABG Stock  USD 233.73  8.19  3.63%   

Performance

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Odds Of Distress

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Asbury Automotive is trading at 233.73 as of the 28th of March 2024. This is a 3.63% increase since the beginning of the trading day. The stock's lowest day price was 227.03. Asbury Automotive has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Asbury Automotive Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Discretionary Distribution & Retail
IPO Date
21st of March 2002
Category
Consumer Cyclical
Classification
Consumer Discretionary
Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. Asbury Automotive Group, Inc. was founded in 1996 and is headquartered in Duluth, Georgia. Asbury Automotive operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. The company has 20.4 M outstanding shares of which 2.04 M shares are presently shorted by investors with about 10.64 days to cover. More on Asbury Automotive Group

Asbury Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Asbury Automotive's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Asbury Automotive or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEODavid Hult
Thematic Ideas
Showing 3 out of 4 themes
Old NameAbengoa S.A.
Business ConcentrationAutomotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, SP Small-Cap 600, Stores, Marketing, Retail, SRI Sustainable Growth, Consumer Discretionary, Specialty Retail, Auto & Truck Dealerships, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Asbury Automotive report their recommendations after researching Asbury Automotive's financial statements, talking to executives and customers, or listening in on Asbury Automotive's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Asbury Automotive. The Asbury consensus assessment is calculated by taking the average forecast from all of the analysts covering Asbury Automotive.
Financial Strength
Based on the measurements of operating efficiency obtained from Asbury Automotive's historical financial statements, Asbury Automotive Group is doing better financially then in previous quarter. It has a moderate risk of reporting better financial numbers in April. Financial strength of Asbury Automotive is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.06230.0593
Sufficiently Up
Slightly volatile
Asset Turnover2.721.457
Way Up
Pretty Stable
Gross Profit Margin0.130.1816
Way Down
Pretty Stable
Net Debt5.2 B4.9 B
Sufficiently Up
Slightly volatile
Total Current LiabilitiesB2.9 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.4 B3.2 B
Sufficiently Up
Slightly volatile
Total Assets10.7 B10.2 B
Sufficiently Up
Slightly volatile
Total Current Assets3.2 B3.1 B
Sufficiently Up
Slightly volatile
Asbury Automotive's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Asbury Automotive's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Asbury Automotive's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Asbury Automotive's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Asbury Automotive's financial leverage. It provides some insight into what part of Asbury Automotive's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Asbury Automotive's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Asbury Automotive deploys its capital and how much of that capital is borrowed.
Liquidity
Asbury Automotive cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 4.99 B in debt with debt to equity (D/E) ratio of 1.59, which is OK given its current industry classification. Asbury Automotive has a current ratio of 1.53, which is typical for the industry and considered as normal. Debt can assist Asbury Automotive until it has trouble settling it off, either with new capital or with free cash flow. So, Asbury Automotive's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Asbury Automotive sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Asbury to invest in growth at high rates of return. When we think about Asbury Automotive's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

80.16 Million
Asbury Automotive Group (ABG) is traded on New York Stock Exchange in USA. It is located in 2905 Premiere Parkway NW, Duluth, GA, United States, 30097 and employs 15,000 people. Asbury Automotive is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.6 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Asbury Automotive's market, we take the total number of its shares issued and multiply it by Asbury Automotive's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Asbury Automotive runs under Specialty Retail sector within Consumer Discretionary industry. The entity has 20.4 M outstanding shares of which 2.04 M shares are presently shorted by investors with about 10.64 days to cover. Asbury Automotive Group has about 235.3 M in cash with 313 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.01.
Check Asbury Automotive Probability Of Bankruptcy
Ownership Allocation
Asbury Automotive retains a total of 20.4 Million outstanding shares. The majority of Asbury Automotive Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Asbury Automotive to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Asbury Automotive. Please pay attention to any change in the institutional holdings of Asbury Automotive Group as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Asbury Ownership Details

Asbury Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Asbury Automotive jumping above the current price in 90 days from now is near 1%. The Asbury Automotive Group probability density function shows the probability of Asbury Automotive stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.9987. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Asbury Automotive will likely underperform. Additionally, asbury Automotive Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 233.73HorizonTargetOdds Above 233.73
99.73%90 days
 233.73 
0.27%
Based on a normal probability distribution, the odds of Asbury Automotive to move above the current price in 90 days from now is near 1 (This Asbury Automotive Group probability density function shows the probability of Asbury Stock to fall within a particular range of prices over 90 days) .

Asbury Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Asbury Automotive that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Asbury Automotive's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Asbury Automotive's value.
InstituionRecorded OnShares
Eminence Capital Llc2023-12-31
328.1 K
Norges Bank2023-12-31
299.7 K
Morgan Stanley - Brokerage Accounts2023-12-31
297.4 K
T. Rowe Price Investment Management,inc.2023-12-31
284.6 K
Brave Warrior Advisors Llc2023-09-30
275.3 K
Northern Trust Corp2023-12-31
240.7 K
Channing Capital Management, Llc2023-12-31
231.4 K
Silvercrest Asset Management Group Llc2023-12-31
205.3 K
Bank Of New York Mellon Corp2023-12-31
204.6 K
Blackrock Inc2023-12-31
3.3 M
Vanguard Group Inc2023-12-31
2.3 M
View Asbury Automotive Diagnostics

Asbury Automotive Historical Income Statement

Asbury Automotive Group Income Statement is one of the three primary financial statements used for reporting Asbury's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Asbury Automotive revenue and expense. Asbury Automotive Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Asbury Automotive's Total Revenue is most likely to increase significantly in the upcoming years. The Asbury Automotive's current Gross Profit is estimated to increase to about 2.8 B, while Total Operating Expenses is projected to decrease to roughly 966.6 M. View More Fundamentals

Asbury Stock Against Markets

Picking the right benchmark for Asbury Automotive stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Asbury Automotive stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Asbury Automotive is critical whether you are bullish or bearish towards Asbury Automotive Group at a given time. Please also check how Asbury Automotive's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Asbury Automotive without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Asbury Automotive Corporate Directors

Asbury Automotive corporate directors refer to members of an Asbury Automotive board of directors. The board of directors generally takes responsibility for the Asbury Automotive's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Asbury Automotive's board members must vote for the resolution. The Asbury Automotive board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Scott ThompsonDirectorProfile
Dennis ClementsIndependent DirectorProfile
Eugene KatzIndependent DirectorProfile
Maureen MorrisonIndependent DirectorProfile

How to buy Asbury Stock?

Before investing in Asbury Automotive, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Asbury Automotive. To buy Asbury Automotive stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Asbury Automotive. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Asbury Automotive stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Asbury Automotive Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Asbury Automotive Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Asbury Automotive Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Asbury Stock please use our How to Invest in Asbury Automotive guide.

Already Invested in Asbury Automotive Group?

The danger of trading Asbury Automotive Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Asbury Automotive is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Asbury Automotive. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Asbury Automotive is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Asbury Stock analysis

When running Asbury Automotive's price analysis, check to measure Asbury Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Asbury Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asbury Automotive. If investors know Asbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asbury Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.83)
Earnings Share
28.73
Revenue Per Share
708.263
Quarterly Revenue Growth
0.029
Return On Assets
0.0739
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.