Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. As of December 31, 2020, the company owned and operated 112 new vehicle franchises representing 31 brands of automobiles at 91 dealership locations; and 25 collision centers in the United States. Asbury Automotive Group, Inc. was founded in 1996 and is headquartered in Duluth, Georgia.
IPO Year: 2002
Exchange: NYSE
Website: asburyauto.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/28/2025 | $325.00 | Buy | BofA Securities |
| 4/23/2025 | $236.00 | Neutral | Citigroup |
| 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 |
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 Tuesday, July 29, 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) 40
Sale of three dealerships in Utah, the second fastest growing state in the US and a top auto retail market, marks Kerrigan Advisors' 294th dealership sold nationwide Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Atlanta-based Asbury Automotive Group ("Asbury") (NYSE:ABG) in the sale of its Larry H. Miller Ford, Chevrolet and CDJR dealerships in Provo, Utah to Salt Lake Valley Auto Group. Asbury Automotive Group is divesting these stores, originally acquired through its notable 2021 acquisition of Larry H. Miller dealerships, as part of its strategy to optimize the group's brand mix. Salt Lake Valley Auto Group, owned by the Ke
The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, advised Asbury Automotive Group ("Asbury") (NYSE:ABG) on the sale of a Toyota dealership and related real estate and business operations located in Lemon Grove, Calif. The sale to Vaughan Automotive closed June 16. Asbury purchased the Toyota dealership as part of its acquisition of Larry H. Miller Dealerships in December 2021, and it was the last of Asbury's California holdings following the sale earlier in June of another Toyota store in Corona, Calif. "The Presidio Group's guidance once a
The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, advised Asbury Automotive Group ("Asbury") (NYSE:ABG) on the sale of a Toyota dealership and related real estate and business operations located in Corona, Calif. The transaction closed on June 9. Asbury had purchased the Toyota dealership as part of its acquisition of Larry H. Miller Dealerships in December 2021. "The guidance from The Presidio Group afforded a smooth transaction," said David Hult, Asbury president and CEO. "We appreciate their efforts bringing this deal to market in a way
Revenue of $4.1 billion Gross Profit of $724 million All-time record Parts & Service gross profit of $343 million Third quarter of sequential improvement in same store Used Retail gross profit per unit Net income of $132 million; adjusted net income, a non-GAAP measure, of $134 million EPS of $6.71 per diluted share; adjusted EPS, a non-GAAP measure, of $6.82 per diluted share Announced definitive agreement to acquire The Herb Chambers Automotive Group, the sixteenth largest privately-owned dealership group based on 2024 revenue, with approximately $3 billion in annual revenue Asbury Automotive Group, Inc. (NYSE:ABG) (the "Company"), one of the largest automotive retail and s
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 first quarter financial results before the market opens on Tuesday, April 29, 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) 407-2988
Asbury Automotive Group, Inc. (NYSE:ABG), one of the largest automotive retail and service companies in the U.S., has published its 2024 Corporate Responsibility Report to present its Environmental, Social, and Governance ("ESG") commitments and related initiatives. "As we continue working toward our mission to be the most guest-centric automotive retailer, our ESG initiatives are strengthened by the dedicated team members who make up our company. Through their hard work and attention to detail, we are making strides toward a more sustainable future," said David Hult, Asbury's President and Chief Executive Officer. "We are proud to share our ESG progress as we maintain a culture of shared
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) (
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BofA Securities resumed coverage of Asbury Automotive with a rating of Buy and set a new price target of $325.00
Citigroup initiated coverage of Asbury Automotive with a rating of Neutral and set a new price target of $236.00
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
JP Morgan downgraded Asbury Automotive from Overweight to Neutral and set a new price target of $230.00
Craig Hallum downgraded Asbury Automotive from Buy to Hold
JP Morgan upgraded Asbury Automotive from Neutral to Overweight and set a new price target of $245.00
Morgan Stanley downgraded Asbury Automotive from Equal-Weight to Underweight
Morgan Stanley reiterated coverage of Asbury Automotive Group with a rating of Equal-Weight and set a new price target of $185.00 from $180.00 previously
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4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
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 Tuesday, July 29, 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) 40
Revenue of $4.1 billion Gross Profit of $724 million All-time record Parts & Service gross profit of $343 million Third quarter of sequential improvement in same store Used Retail gross profit per unit Net income of $132 million; adjusted net income, a non-GAAP measure, of $134 million EPS of $6.71 per diluted share; adjusted EPS, a non-GAAP measure, of $6.82 per diluted share Announced definitive agreement to acquire The Herb Chambers Automotive Group, the sixteenth largest privately-owned dealership group based on 2024 revenue, with approximately $3 billion in annual revenue Asbury Automotive Group, Inc. (NYSE:ABG) (the "Company"), one of the largest automotive retail and s
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 first quarter financial results before the market opens on Tuesday, April 29, 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) 407-2988
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
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
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
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
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
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 Michael Welch will join the Company as its Senior Vice President and Chief Financial Officer effective August 9, 2021. "Michael has spent over 20 years working in the automotive retail industry so he brings with him a deep understanding of the auto retail business along with broad experience in financial management, treasury, accounting and auditing, which will prove invaluable as we continue to execute on our five-year growth plan. I am very excited to have Michael join the Asbury Team," said President & CEO David Hult. Mr. Wel
DULUTH, Ga., Feb. 1, 2021 /PRNewswire/ -- 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 William D. Fay to its Board of Directors effective January 28, 2021. The Board has appointed Mr. Fay to the Audit Committee and the Capital Allocation & Risk Management Committee. Mr. Fay's election brings the total number of directors to nine, eight of whom are independent. Mr. Fay's highly accomplished automotive career includes more than 38 years at Toyota Motor North America, Inc. "We are pleased to add someone with Bill's vast automotive experience and OEM perspecti
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