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Asbury Automotive Group Inc ABG Stock Quote

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Last close prices updated as of Feb 08, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 232.32
  • Sector Consumer Cyclical
  • Industry Auto & Truck Dealerships
  • Investment Style Small Blend
  • Day Range 231.99  –  237.06
  • Year Range 138.88  –  244.16
  • Market Cap 5.1420 Bil
  • Volume / Avg 175,794.0 /  193,637.1
  • Price / Sales 0.34
  • Price / Book 1.95
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis ABG

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Asbury Finishes 2022 on a Good Note

David Whiston Sector Strategist

Analyst Note

| David Whiston |

Asbury Automotive ended 2022 with a strong fourth quarter, giving us no reason to change our fair value estimate. We will revisit all modeling assumptions after the 10-K is filed. Adjusted diluted EPS rose 22% year over year to $9.12, easily beating the $8.21 Refinitiv consensus. The company has now lapped the year-over-year comparisons with the late December 2021 acquisition of Larry H. Miller, so 40% revenue growth in the fourth quarter (up 1% same store) should be down significantly year over year in 2023 unless another large deal occurs. Same-store gross profit declined 2% as new-vehicle gross profit per unit fell 11% to $5,684 on flat volume while used-vehicle GPU declined 31% to $1,842. New-vehicle profit has been very inflated due to the chip shortage, which has caused very high used-vehicle prices that have also squeezed used margins. This dynamic should unwind throughout 2023 and 2024. CEO and president David Hult said new-vehicle inventory recovery will be faster this year for domestic makers like Stellantis, while a slower recovery is on tap for Toyota and Honda. Hult expects 2023 U.S. light-vehicle sales in the mid-14 million range, consistent with our expectation.

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Key Statistics ABG

Company Profile ABG

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.

2905 Premiere Parkway North West, Suite 300
Duluth, GA, 30097
Industry Auto & Truck Dealerships
Employees 14,200

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FAQs for Asbury Automotive Group Inc Stock

No. ABG does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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ABG’s market cap is 5.14 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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ABG’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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ABG’s price/sales is 0.34.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

ABG’s price/forward earnings is 7.36.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

ABG’s price/book is 1.95.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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ABG’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare ABG’s historical performance against its industry peers and the overall market.