Asbury Automotive: Attractive Valuation Looking Past Near-Term Noise [Seeking Alpha]
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
asburyauto.com/company/investor-relations
Company Research
Source: Seeking Alpha
Play 9min Summary Asbury Automotive delivered a mixed Q3 given headwinds from Hurricane Helene, and Q4 will likely be equally messy. Vehicle gross margins continue to normalize, but its parts and services business continues to be the critical driver of growth. While profits are declining from their peak, underlying earnings power of $21 creates long-term opportunity for investors. Luis Alvarez Shares of Asbury Automotive Group ( NYSE: ABG ) have been a moderate performer, gaining about 16% over the past year, given strong profits but declining margins. I last covered shares in May , rating shares a strong buy. Since then, performance has been disappointing with the stock declining by 7% as concerns persist about a slowdown in auto demand with interest rates remaining persistently elevated. While there is near-term noise, I remain bullish. Seeking Alpha In the company's third quarter Asbury earned $6.35 on revenue of $4.2 billion, which was up 16% from last year than
Show less
Read more
Impact Snapshot
Event Time:
ABG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABG alerts
High impacting Asbury Automotive Group Inc news events
Weekly update
A roundup of the hottest topics
ABG
News
- Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024 [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group Named to Newsweek’s World’s Most Trustworthy Companies 2024Business Wire
- Asbury Automotive Group Elects New Director to Its BoardBusiness Wire
- New Strong Sell Stocks for November 13th [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group, Inc. (NYSE: ABG) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
ABG
Earnings
- 10/29/24 - Miss
ABG
Sec Filings
- 11/19/24 - Form 8-K
- 11/8/24 - Form 4
- 10/31/24 - Form SC
- ABG's page on the SEC website