ABG - Asbury Automotive Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
99.74
-2.56 (-2.50%)
At close: 4:02PM EST
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Previous Close102.30
Open102.52
Bid0.00 x 800
Ask0.00 x 900
Day's Range99.44 - 102.52
52 Week Range65.54 - 123.45
Volume126,337
Avg. Volume179,000
Market Cap1.925B
Beta (5Y Monthly)1.21
PE Ratio (TTM)10.66
EPS (TTM)9.35
Earnings DateFeb 02, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 29, 2008
1y Target Est114.50
  • Eskom, South Africa Treasury Seek Renewal of $1 Billion Loan Facility
    Bloomberg

    Eskom, South Africa Treasury Seek Renewal of $1 Billion Loan Facility

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterEskom Holdings SOC Ltd. and South Africa’s National Treasury are in talks with banks to renew a 15 billion rand ($1.04 billion) government-guaranteed loan facility that the indebted state power utility announced in February last year.While the lenders are reluctant to renew the facility given the parlous state of Eskom’s finances, the funding is needed to help keep the company afloat, two people familiar with the discussions said. It’s unclear if the whole facility has been used.Eskom has more than 450 billion rand in debt, isn’t generating enough income to cover its operating costs and has instituted regular power outages as insufficient spending on maintenance leads to plant breakdowns. While the government has provided the utility with a series of bailouts, Finance Minister Tito Mboweni has said there is no scope to provide more aid.The talks on the loan facility need to be finalized this month, said the people who spoke on condition of anonymity. Eskom didn’t disclose the identity of the banks when it announced that it had secured the initial financing.“Eskom and government are in negotiations with the lenders and discussions remain confidential,” the Treasury said in response to emailed questions. Eskom declined to comment.President Cyril Ramaphosa’s government has made rescuing Eskom its key focus as it tries to kick-start a stagnating economy that’s hamstrung by that lack of power, thats both depressing output and hindering new investment. Key to its success will be keeping the utility adequately financed.“Standard Bank will engage with the process in a constructive and pragmatic manner whilst not compromising sound banking principles,” Standard Bank Group Ltd., South Africa’s biggest bank by assets, said. Absa Group Ltd., Nedbank Group Ltd. and Rand Merchant Bank declined to comment.(Adds impact of power cuts in second last paragraph)To contact the reporters on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net;Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.netTo contact the editors responsible for this story: John McCorry at jmccorry@bloomberg.net, Mike Cohen, Hilton ShoneFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • PR Newswire

    Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2019 Financial Results

    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 and full year financial results before the market opens on February 3, 2020. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.

  • Timing the Market, Is it Possible? - January 14, 2020
    Zacks

    Timing the Market, Is it Possible? - January 14, 2020

    In the long-run, does consistent market timing really matter to be a successful investor?

  • The Zacks Analyst Blog Highlights: Asbury Automotive, Lithia Motors, Commercial Metals Company, Acushnet and MRC Global
    Zacks

    The Zacks Analyst Blog Highlights: Asbury Automotive, Lithia Motors, Commercial Metals Company, Acushnet and MRC Global

    The Zacks Analyst Blog Highlights: Asbury Automotive, Lithia Motors, Commercial Metals Company, Acushnet and MRC Global

  • Asbury Automotive Enters Oversold Territory
    Zacks

    Asbury Automotive Enters Oversold Territory

    Asbury Automotive Group, Inc. (ABG) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Should Value Investors Pick Asbury Automotive (ABG) Stock?
    Zacks

    Should Value Investors Pick Asbury Automotive (ABG) Stock?

    Let's see if Asbury Automotive Group, Inc. (ABG) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • 5 Growth Stocks to Buy as Middle-East Tensions Subside
    Zacks

    5 Growth Stocks to Buy as Middle-East Tensions Subside

    The de-escalation in tensions between Washington and Tehran is likely to back Wall Street's uptrend.

  • Here's Why We Think Asbury Automotive Group (NYSE:ABG) Is Well Worth Watching
    Simply Wall St.

    Here's Why We Think Asbury Automotive Group (NYSE:ABG) Is Well Worth Watching

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
    Zacks

    Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Here is Why Growth Investors Should Buy Asbury Automotive (ABG) Now
    Zacks

    Here is Why Growth Investors Should Buy Asbury Automotive (ABG) Now

    Asbury Automotive (ABG) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • Asbury Automotive (ABG) Moves to Strong Buy: Rationale Behind the Upgrade
    Zacks

    Asbury Automotive (ABG) Moves to Strong Buy: Rationale Behind the Upgrade

    Asbury Automotive (ABG) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • How to Time the Markets Like an Investing Pro - December 17, 2019
    Zacks

    How to Time the Markets Like an Investing Pro - December 17, 2019

    Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?

  • Asbury Automotive Group, Inc. (NYSE:ABG) Earns A Nice Return On Capital Employed
    Simply Wall St.

    Asbury Automotive Group, Inc. (NYSE:ABG) Earns A Nice Return On Capital Employed

    Today we'll look at Asbury Automotive Group, Inc. (NYSE:ABG) and reflect on its potential as an investment...

  • Moody's

    Asbury Automotive Group, Inc. -- Moody's affirms Asbury's Ba2 CFR; changes outlook to stable from positive

    Moody's Investors Service ("Moody's") today affirmed the ratings of Asbury Automotive Group, Inc. ("Asbury"), including the Ba2 Corporate Family rating, and changed the outlook to stable from positive. "The change in outlook to stable recognizes the impact on Asbury's quantitative profile of the additional debt that will be necessary for it to complete its planned roughly $1 billion acquisition of Park Place Motorcars, with the result that it is unlikely Asbury will be able to continue its present path towards a potential Ba1 rating within the next 12 months given pro forma leverage will exceed 4.5 times," stated Moody's Vice President Charlie O'Shea. "That said, Moody's views the proposed acquisition favorably even considering the very high multiple and integration risks as it improves Asbury's position in the lucrative Texas market with premium brands to augment the David McDavid stores, as well as providing it with a key Land Rover/Jaguar open point," continued O'Shea.

  • Asbury to pick up Park Place dealerships in $1B transaction
    American City Business Journals

    Asbury to pick up Park Place dealerships in $1B transaction

    Park Place Dealerships Founder Ken Schnitzer will sell 14 dealerships to one of the largest automotive companies in the country in a $1 billion all-cash transaction.

  • MarketWatch

    Asbury Automotive to acquire luxury dealerships from Park Place in cash deal valued at $1 billion

    Asbury Automotive Group Inc. said Thursday it has reached an agreement to acquire assets of Park Place Dealerships in an all-cash deal valued at $1 billion. Park Place has a portfolio of luxury dealerships that will increase the car retailer's geographic mix to 36% of revenue coming from the Texas market and about 50% of revenue coming from luxury brands. The deal is expected to add about $2 billion in annualized revenue and to close in the first quarter of 2020. "Their portfolio of stores comes with a strong base of loyal clients and 2,100 long-term team members throughout the high growth Dallas/Fort Worth market," Asbury Chief Executive David Hult said in a statement. "We are also excited to grow our presence in Austin, Texas with a Jaguar/Land Rover open point, which is another high growth luxury market." The deal is expected to boost 2020 EPS by $1.00 to $1.25, excluding the impact of transaction costs. The company expects to book pretax costs of 5 cents a share to 10 cents a share in the fourth quarter. Asbury shares were not active premarket, but have gained 72% in 2019, while the S&P 500 has gained 25%.

  • Asbury Automotive Group Announces The Acquisition Of Park Place Dealerships
    PR Newswire

    Asbury Automotive Group Announces The Acquisition Of Park Place Dealerships

    Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country's largest and most prominent luxury dealer groups, for $1 billion in an all-cash transaction, excluding vehicle inventory.

  • Auto magnate and philanthropist Luther Coggin passes away at age 88
    American City Business Journals

    Auto magnate and philanthropist Luther Coggin passes away at age 88

    Starting with one dealership, Coggin built an empire — and then used his wealth to help shape the city.

  • Is Asbury Automotive Group, Inc. (ABG) A Good Stock To Buy?
    Insider Monkey

    Is Asbury Automotive Group, Inc. (ABG) A Good Stock To Buy?

    The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]

  • The Keys to Successfully Timing the Markets - November 25, 2019
    Zacks

    The Keys to Successfully Timing the Markets - November 25, 2019

    Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?

  • A Closer Look At Asbury Automotive Group, Inc.'s (NYSE:ABG) Impressive ROE
    Simply Wall St.

    A Closer Look At Asbury Automotive Group, Inc.'s (NYSE:ABG) Impressive ROE

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?
    Zacks

    Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?

    Is (ABG) Outperforming Other Retail-Wholesale Stocks This Year?

  • Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
    Zacks

    Should Value Investors Buy Asbury Automotive Group (ABG) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Top Ranked Growth Stocks to Buy for November 5th
    Zacks

    Top Ranked Growth Stocks to Buy for November 5th

    Top Ranked Growth Stocks to Buy for November 5th