Asbury Automotive Group Inc with ticker code (ABG) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 350 and 185 and has a mean target at 243.57. With the stocks previous close at 173.77 this now indicates there is a potential upside of 40.2%. The day 50 moving average is 174.66 and the 200 moving average now moves to 180.39. The market capitalisation for the company is $4,260m. Visit the company website at: https://www.asburyauto.com
The potential market cap would be $5,971m 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.
