Latest news with #AsburyAutomotiveGroup
Yahoo
15-07-2025
- Automotive
- Yahoo
Here's Black Bear Value Partners' Comments on Asbury Automotive Group (ABG)
Black Bear Value Partners, an investment management firm, published its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Black Bear Value Fund returned -3.0% in June and -10.5% in the quarter, and -11.7% YTD. The S&P 500 returned +5.1% June, +10.9% in the quarter, and +6.2% year-to-date. HFRI Value Index returned +3.1% in June, +7.7% in the quarter, and +7.1% year-to-date. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Black Bear Value Partners highlighted stocks such as Asbury Automotive Group, Inc. (NYSE:ABG). Headquartered in Duluth, Georgia, Asbury Automotive Group, Inc. (NYSE:ABG) is an automotive retailer. The one-month return of Asbury Automotive Group, Inc. (NYSE:ABG) was 12.06%, and its shares gained 1.43% of their value over the last 52 weeks. On July 14, 2025, Asbury Automotive Group, Inc. (NYSE:ABG) stock closed at $263.32 per share with a market capitalization of $5.177 billion. Black Bear Value Partners stated the following regarding Asbury Automotive Group, Inc. (NYSE:ABG) in its second quarter 2025 investor letter: "Asbury Automotive Group, Inc. (NYSE:ABG) and AutoNation operate auto dealerships across the United States. The strength of the model comes from the back of the house in parts and services where more than 50% of the profits come from. Auto retailers are resilient businesses that generate strong free cash flow even in soft markets. ~90% of auto dealerships are privately owned providing a long-term runway for consolidation and growth. There are scale advantages to being a larger public dealer (access to capital for M&A, ability for strong parts/service business as cars become more complex, lower overhead costs, brand equity). The businesses are priced as if there will be no growth. A customer smiling delightedly after driving away in their new car from the automotive retail shop. Asbury Automotive Group, Inc. (NYSE:ABG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Asbury Automotive Group, Inc. (NYSE:ABG) at the end of the first quarter, which was 32 in the previous quarter. While we acknowledge the potential of ABG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
01-07-2025
- Automotive
- Business Wire
Asbury Automotive Group Schedules Release of Second Quarter 2025 Financial Results
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on Tuesday, July 29, 2025. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time. The conference call will be simulcast live on the internet and can be accessed by logging onto A replay will be available on this site for 30 days. In addition, live audio will be accessible to the public. Participants may enter the conference call five to ten minutes prior to the scheduled start of the call by dialing: About Asbury Automotive Group, Inc Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury's constant North Star. As of June 30, 2025, Asbury operated 145 new vehicle dealerships, consisting of 189 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America's Fastest Growing Companies 2024 by the Financial Times and the Company is listed in World's Most Trustworthy Companies 2024 by Newsweek. For additional information, visit
Business Wire
30-06-2025
- Automotive
- Business Wire
Kerrigan Advisors Represents Asbury Automotive Group in Sale of Larry H. Miller Ford, Chevrolet and CDJR Dealerships in Provo, Utah to Salt Lake Valley Auto Group
SALT LAKE CITY--(BUSINESS WIRE)--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Atlanta-based Asbury Automotive Group ('Asbury') (NYSE: ABG) in the sale of its Larry H. Miller Ford, Chevrolet and CDJR dealerships in Provo, Utah to Salt Lake Valley Auto Group. Asbury Automotive Group is divesting these stores, originally acquired through its notable 2021 acquisition of Larry H. Miller dealerships, as part of its strategy to optimize the group's brand mix. Salt Lake Valley Auto Group, owned by the Keyvani family, is a 4-store Utah dealership group founded in 1983. This transaction brings Kerrigan Advisors' completed dealership sales since 2014 to 294, leading the industry in both the US and the Western Region, with more than 130 franchises sold in the West. 'It was great to work with Kerrigan Advisors again on another successful transaction,' said David Hult, President and CEO of Asbury Automotive Group. 'Erin Kerrigan and her team ensured we found the right buyer for this divestiture, and we appreciated their professional management of the sale process from beginning to end.' 'Kerrigan Advisors was with us through each stage of this transaction,' stated Amanda Parrilli, Vice President of Corporate Development and Real Estate at Asbury Automotive Group. 'Thank you to the entire Kerrigan Advisors team, including Erin Kerrigan and Pierre Dempsey, for their tremendous efforts on this sale.' 'We were honored to represent Asbury Automotive Group in the divestiture of these three dealerships,' said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. 'Asbury's approach to portfolio management is a great example of how the buy/sell market continues to evolve, with well-capitalized groups thoughtfully rebalancing their assets to align with long-term growth goals. We're proud to support our clients in executing transactions that advance both their financial and operational objectives. Transactions like this one highlight the continued strength of the buy/sell market, particularly in high growth markets like Utah.' Utah is the second fastest-growing state in the West, with projected growth of nearly one million new residents over the next 15 years. The state economy has more than doubled over the past two decades, earning national recognition for sustained growth and economic vitality, ranking #1 Best Economic Outlook by Rich States, Poor States for the 16 th year in a row. Utah is also a high-volume auto retail market, with vehicle sales up 29% since 2020 and average dealership revenue per rooftop exceeding the NADA average by 17%. Situated 45 minutes south of Salt Lake City, Provo stands out as the state's fastest-growing market, with high car ownership per household, strong median incomes and a thriving job market. The area has witnessed impressive GDP expansion of 70+% since 2017, reaching $45 billion in 2023. Provo also ranks as the #1 mid-size metro in the US based on projected population growth through 2028. 'Buyers are increasingly focused on high-growth markets, and Utah stands out as one of the most attractive states for automotive retail investment,' said Ryan Kerrigan, Managing Director of Kerrigan Advisors. 'With strong population growth, a resilient economy and rising vehicle demand, it is no surprise that opportunities like this are in high demand. We are seeing more regional buyers prioritize tuck-in acquisitions like this one to strengthen their market share, create operational efficiencies, and build scale in markets where they see long-term growth potential.' Kevin H. Sutton, shareholder at Hill Ward Henderson, served as outside legal counsel to Asbury. Jill K. Bell and S. Katherine Frazier of Hill Ward Henderson provided legal counsel to Asbury on real estate matters. Stephen Dietrich and Brooke Sizer of Holland & Knight LLP served as legal counsel to the Keyvani family. About Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, Ga., is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multiyear plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury's constant North Star. As of March 31, 2025, Asbury operated 150 new-vehicle dealerships, consisting of 196 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products and services, including arranging vehicle financing through third parties and aftermarket products such as extended service contracts, guaranteed asset protection debt cancellation and prepaid maintenance plans. Asbury is recognized as one of America's Fastest Growing Companies 2024 by the Financial Times, and the company is listed in World's Most Trustworthy Companies 2024 by Newsweek. For additional information, visit About Kerrigan Advisors Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of over 290 dealerships generating more than $9 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. The firm advises the industry's leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients with the assurance of a conflict-free approach. Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, which includes Kerrigan Advisors' signature blue sky charts, multiples and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases monthly The Kerrigan Index™ composed of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To access The Kerrigan Index™, click here. To read the 2024 Kerrigan Dealer Survey, click here. To read the 2025 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA's Guide to Buying and Selling a Dealership.
Yahoo
02-06-2025
- Business
- Yahoo
Why Asbury Automotive Group, Inc. (NYSE:ABG) Could Be Worth Watching
Asbury Automotive Group, Inc. (NYSE:ABG), is not the largest company out there, but it saw significant share price movement during recent months on the NYSE, rising to highs of US$276 and falling to the lows of US$211. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Asbury Automotive Group's current trading price of US$228 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Asbury Automotive Group's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Good news, investors! Asbury Automotive Group is still a bargain right now according to our price multiple model, which compares the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 10.79x is currently well-below the industry average of 15.88x, meaning that it is trading at a cheaper price relative to its peers. Asbury Automotive Group's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its industry peers, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range. View our latest analysis for Asbury Automotive Group Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by 66% over the next couple of years, the future seems bright for Asbury Automotive Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since ABG is currently below the industry PE ratio, it may be a great time to increase your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on ABG for a while, now might be the time to enter the stock. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy ABG. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision. So while earnings quality is important, it's equally important to consider the risks facing Asbury Automotive Group at this point in time. Every company has risks, and we've spotted 3 warning signs for Asbury Automotive Group (of which 1 is significant!) you should know about. If you are no longer interested in Asbury Automotive Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Automotive
- Yahoo
Implied Volatility Surging for Asbury Automotive Stock Options
Investors in Asbury Automotive Group, Inc. ABG need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $195.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Asbury Automotive shares, but what is the fundamental picture for the company? Currently, Asbury Automotive is a Zacks Rank #3 (Hold) in the Automotive - Retail and Whole Sales industry that ranks in the Top 24% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $6.59 per share to $6.79 in that period. Given the way analysts feel about Asbury Automotive right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
