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Wall Street JournalWhat Analysts Are Saying About Asbury Automotive Gr Stock
During the last three months, 5 analysts shared their evaluations of Asbury Automotive Gr (NYSE:ABG), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 0 | 3 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 1 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $243.2, a high estimate of $305.00, and a low estimate of $190.00. Marking an increase of 6.32%, the current average surpasses the previous average price target of $228.75.
Investigating Analyst Ratings: An Elaborate Study
The standing of Asbury Automotive Gr among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Murphy | B of A Securities | Lowers | Buy | $305.00 | $310.00 |
| Adam Jonas | Morgan Stanley | Raises | Equal-Weight | $240.00 | $190.00 |
| Jeff Lick | Stephens & Co. | Announces | Equal-Weight | $216.00 | - |
| Rajat Gupta | JP Morgan | Raises | Neutral | $265.00 | $230.00 |
| Adam Jonas | Morgan Stanley | Raises | Underweight | $190.00 | $185.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Asbury Automotive Gr. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Asbury Automotive Gr compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Asbury Automotive Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Asbury Automotive Gr analyst ratings.
Unveiling the Story Behind Asbury Automotive Gr
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 155 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.
Asbury Automotive Gr: A Financial Overview
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Asbury Automotive Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 13.46%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Asbury Automotive Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.66% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Asbury Automotive Gr's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.84%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Asbury Automotive Gr's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.27% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Asbury Automotive Gr's debt-to-equity ratio is below the industry average. With a ratio of 1.58, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.