Asbury Automotive Group Inc found using ticker (ABG) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 368 and 135 and has a mean target at 227.57. Given that the stocks previous close was at 170.36 this now indicates there is a potential upside of 33.6%. The day 50 moving average is 167.78 and the 200 day moving average is 171.45. The market capitalisation for the company is $3,698m. Company Website: https://www.asburyauto.com
The potential market cap would be $4,940m based on the market concensus.
Asbury Automotive Group, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. As of December 31, 2021, the company owned and operated 205 new vehicle franchises representing 31 brands of automobiles at 155 dealership locations; and 35 collision centers in the United States. Asbury Automotive Group was founded in 1996 and is headquartered in Duluth, Georgia.
