|Bid||65.55 x 800|
|Ask||114.00 x 1200|
|Day's Range||70.26 - 74.29|
|52 Week Range||39.36 - 123.45|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||8.53|
|Earnings Date||Jul 24, 2020 - Jul 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 30, 2008|
|1y Target Est||65.83|
Those holding Asbury Automotive Group (NYSE:ABG) shares must be pleased that the share price has rebounded 36% in the...
The press release dealing Asbury's first-quarter results was issued earlier this morning and is posted on our website at asburyauto.com. Participating with us today are David Hult, our president and chief executive officer; Dan Clara, our senior vice president of operations; and Matt Pettoni, our vice president of finance and treasurer. Before we begin, I must remind you that the discussion during the call today is likely to contain forward-looking statements.
Asbury Automotive (ABG) delivered earnings and revenue surprises of 11.80% and 4.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Asbury Automotive Group (NYSE:ABG) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 18.18% over the past year to $1.80, which beat the estimate of $1.67.Revenue of $1,607,000,000 lower by 3.83% year over year, which beat the estimate of $1,570,000,000.Looking Ahead Asbury Automotive Group hasn't issued any earnings guidance for the time being.Asbury Automotive Group hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 05, 2020View more earnings on ABGTime: 06:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/utwsip2pRecent Stock Performance 52-week high: $123.44Company's 52-week low was at $39.36Price action over last quarter: down 31.29%Company Profile Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates about 90 stores with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.See more from Benzinga * AMC Networks: Q1 Earnings Insights * Marcus: Q1 Earnings Insights * Recap: Group 1 Automotive Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Asbury Automotive Group, Inc. New York, April 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Asbury Automotive Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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 May 5, 2020. Asbury will host a conference call later that day at 11:00 a.m. Eastern Time.
Auto retailer Asbury Automotive Group Inc. named Patrick Guido as its chief financial officer, effective May 11. Guido comes from yoga gear seller Lululemon Athletica Inc. , which announced late Thursday his departure, effective May 8, after about 2 years with the company. Guido will be paid an annual base salary of $625,000, but has agreed to a temporary 20% base salary cut in light of the impact of the COVID-19 pandemic on the economic environment. Asbury's stock has lost 48.0% over the past three months, while Lululemon shares have declined 13.3% and the S&P 500 has given up 15.9%.
One of the St. Louis region's largest auto dealers has furloughed more than 100 workers locally due to the coronavirus pandemic.
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), today announced its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be conducted exclusively online by remote communication due to public health concerns regarding COVID-19 and government-recommended and required limits on gatherings and events. A virtual event will assist in protecting the health and safety of the Company's stockholders, employees and the community.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Asbury Automotive Group says it has experienced a sudden and significant decline in its sales and service business as a result of the COVID-19 pandemic.
The latest analyst coverage could presage a bad day for Asbury Automotive Group, Inc. (NYSE:ABG), with the analysts...
Unfortunately for some shareholders, the Asbury Automotive Group (NYSE:ABG) share price has dived 36% in the last...
Asbury Automotive had announced plans in December to buy assets of Park Place Dealerships, "one of the country's largest and most prominent luxury dealer groups."
Asbury Automotive announced on Dec. 12 a deal to acquire certain assets of the Park Place dealerships, one of the country's largest and most prominent luxury dealer groups, for $1 billion.