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Asbury Automotive Group Inc - Stock Quote ABG

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Morningstar's Asbury Automotive Group Inc Stock Analysis

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Asbury Turbocharges Its Growth With New 2025 Targets

Business Strategy and Outlook

| David Whiston, CFA, CPA, CFE |

Although no auto dealer is immune to macroeconomic risks, Asbury Automotive Group's size, focused acquisition strategy, and diverse revenue streams should allow the firm to grow at the expense of smaller dealers.

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Asbury Automotive Group Inc's Company Profile

Business Description

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 148 stores with associated parts and service departments and 35 collision centers. Over 80% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 15 states (mostly Texas, the West, and the Southeast) and entered Colorado in 2019. Asbury store brands include David McDavid and Park Place in Texas, Plaza in Missouri, Nalley and Crown in the Southeastern U.S., and the Larry H. Miller brand in the Western U.S. Asbury generated $9.8 billion of revenue in 2021 and is based in the Atlanta area. 2022 sales should reach at least $16 billion and the firm targets about $32 billion in 2025.

Contact
2905 Premiere Parkway North West, Suite 300
Duluth, GA, 30097
T +1 770 418-8200
Sector Consumer Cyclical
Industry Auto & Truck Dealerships
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 14,200

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