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 |
|---|---|---|---|
| 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 |
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
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4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
4 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Issuer)
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
8-K - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
10-Q - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)
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
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), 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
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