ABG Stock Summary and Trading Ideas (Asbury Automotive Group | NYSE:ABG)

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.

Asbury Automotive Group trades on the NYSE stock market under the symbol ABG.

As of December 20, 2024, ABG stock price climbed to $245.77 with 446,916 million shares trading.

ABG has a beta of 1.44, meaning it tends to be more sensitive to market movements. ABG has a correlation of 0.29 to the broad based SPY ETF.

ABG has a market cap of $4.81 billion. This is considered a Mid Cap stock.

Last quarter Asbury Automotive Group reported $4 billion in Revenue and $6.35 earnings per share. This fell short of revenue expectation by $-63 million and missed earnings estimates by -$.23.

In the last 3 years, ABG traded as high as $277.13 and as low as $138.88.

The top ETF exchange traded funds that ABG belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

ABG has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +27.8%. However, in the short term, ABG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.3% vs +4.4% return in SPY. But in the last 2 weeks, ABG shares have been beat by the market, returning -5.1% compared to an SPY return of -2.4%.

ABG support price is $238.37 and resistance is $249.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABG shares will trade within this expected range on the day.