Asbury Automotive (ABG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 04/25/2024
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Asbury Automotive Group (ABG) Q1 Earnings and Revenues Lag Estimates
- Asbury Automotive Group (ABG) came out with quarterly earnings of $7.21 per share, missing the Zacks Consensus Estimate of $7.78 per share. This compares to earnings of $8.37 per share a year ago.
- 04/25/2024
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Asbury Automotive Group Reports Record $4.2 Billion in Revenue
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2024 net income of $147 million ($7.21 per diluted share), a decrease of 19% from $181 million ($8.37 per diluted share) in first quarter 2023. “We delivered a strong first quarter, crossing over $4 billion in revenue for the first time in our company's history,” said David Hult, Asbury's President and Chief Execu.
- 04/25/2024
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Asbury Automotive Announces Chief Legal Officer George Villasana to Retire
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Announces Chief Legal Officer George Villasana to Retire.
- 04/19/2024
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Earnings Preview: Asbury Automotive Group (ABG) Q1 Earnings Expected to Decline
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/18/2024
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Asbury Automotive Group Releases 2023 Corporate Responsibility Report
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Releases 2023 Corporate Responsibility Report.
- 04/16/2024
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Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results.
- 04/09/2024
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5 Broker-Loved Stocks That Hold Promise Despite Volatility
- We believe that stocks like General Motors (GM), Cardinal Health (CAH), Cencora (COR), Alta Equipment (ALTG) and Asbury (ABG) should be on an investor's watchlist.
- 03/27/2024
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The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store
- WILMINGTON, Del.--(BUSINESS WIRE)--The Presidio Group Advises Asbury Automotive Group on the Sale of Koons Wilmington Lexus in Delaware to MileOne Autogroup.
- 03/05/2024
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Asbury (ABG) Q4 Earnings Miss Expectations, Decline Y/Y
- Asbury's (ABG) fourth-quarter earnings miss estimates on lower-than-expected sales from used-vehicle and parts and service segments.
- 02/14/2024
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Asbury Automotive (ABG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for Asbury Automotive (ABG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/08/2024
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Asbury Automotive Group (ABG) Q4 Earnings Lag Estimates
- Asbury Automotive Group (ABG) came out with quarterly earnings of $7.12 per share, missing the Zacks Consensus Estimate of $7.74 per share. This compares to earnings of $9.12 per share a year ago.
- 02/08/2024
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Asbury Automotive Group Reports Fourth Quarter Financial Results
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. Fourth quarter 2023 results include non-cash asset impairments of $117.2 million or $4.29 per diluted share. Fourth quarter 2022 results include gains on dealership dive.
- 02/08/2024
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Asbury Automotive (ABG) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Evaluate the expected performance of Asbury Automotive (ABG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
- 02/06/2024
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Analysts Estimate Asbury Automotive Group (ABG) to Report a Decline in Earnings: What to Look Out for
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/01/2024
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Russell 2000 Front-Runners: 3 Stocks to Keep an Eye On
- While all eyes may be on the usual suspects of market hype and influence, astute investors with a contrarian streak may want to consider Russell 2000 stocks. A key benchmark for the vitality of up-and-comers, the Russell 2000 is a small-capitalization market index.
- 12/07/2023
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5 Broker-Loved Stocks to Watch in an Uncertain Scenario
- We believe that investors should keep a close watch on stocks like The Greenbrier Companies (GBX), AMC Entertainment (AMC), The Gap (GPS), Asbury Automotive (ABG) and Cencora (COR).
- 10/31/2023
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Asbury (ABG) Q3 Earnings & Revenues Miss Estimates, Fall Y/Y
- Asbury's (ABG) third-quarter earnings miss estimates on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments.
- 10/25/2023
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Asbury Automotive Group, Inc. (ABG) Q3 2023 Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG ) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants George Villasana - SVP, Chief Legal Officer & Secretary David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies Operator Greetings, and welcome to Asbury Automotive Group Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 10/24/2023
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Asbury Automotive Group (ABG) Q3 Earnings and Revenues Lag Estimates
- Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. This compares to earnings of $9.23 per share a year ago.
- 10/24/2023
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Will Asbury Automotive (ABG) Beat Estimates Again in Its Next Earnings Report?
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/16/2023
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/10/2023
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Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results.
- 10/09/2023
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Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Here is how Asbury Automotive Group (ABG) and Builders FirstSource (BLDR) have performed compared to their sector so far this year.
- 10/05/2023
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Asbury Automotive: Driving Superior Returns Through M&A
- Asbury's revenue has grown at a CAGR of 11%, driven by the production of EVs and the post-pandemic boom in sales. We expect demand and growth to remain strong, owing to an aged vehicle population, the EV transition, services sales growth, business development, and M&A. We believe Asbury is an attractive proposition due to its M&A focus and well-balanced business model. We expect shareholder distributions to accelerate in the coming years.
- 09/18/2023
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Asbury (ABG) to Buy Jim Koons to Expand in Mid-Atlantic Region
- Asbury (ABG) signs a deal to acquire Jim Koons Automotive for $1.2 billion to expand its presence in the Mid-Atlantic region.
- 09/11/2023
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Asbury Automotive to buy the Jim Koons auto dealership group for $1.2 billion, to expand in the Mid-Atlantic region
- Shares of Asbury Automotive Group Inc. ABG, -2.68% rose 3.2% in premarket trading Friday, after the auto retailer announced a deal to buy the Jim Koons auto dealership group for about $1.2 billion. Asbury said the Mid-Atlantic region dealership was the ninth-largest private dealership group in the U.S., with more than $3 billion in revenue in 2022.
- 09/08/2023
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Why Is Asbury Automotive (ABG) Up 0.2% Since Last Earnings Report?
- Asbury Automotive (ABG) reported earnings 30 days ago. What's next for the stock?
- 08/24/2023
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4 Low Price-to-Cash Flow Stocks to Buy for Optimum Returns
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. StoneCo (STNE), Unum Group (UNM), Asbury Automotive Group (ABG) and Magna International (MGA) boast low P/CF ratios.
- 07/27/2023
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Asbury Automotive (ABG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Asbury Automotive (ABG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 07/25/2023
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Asbury Automotive Group (ABG) Q2 Earnings and Revenues Surpass Estimates
- Asbury Automotive Group (ABG) came out with quarterly earnings of $8.95 per share, beating the Zacks Consensus Estimate of $8.15 per share. This compares to earnings of $10.04 per share a year ago.
- 07/25/2023
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Will Asbury Automotive (ABG) Beat Estimates Again in Its Next Earnings Report?
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/20/2023
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Should You Buy Asbury Automotive (ABG) Ahead of Earnings?
- Asbury Automotive (ABG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/20/2023
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Are Investors Undervaluing Asbury Automotive Group (ABG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/19/2023
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Are You Looking for a Top Momentum Pick? Why Asbury Automotive Group (ABG) is a Great Choice
- Does Asbury Automotive Group (ABG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 07/12/2023
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Asbury Automotive Group: Additional Upside Exists From Here
- Asbury Automotive Group's shares have outperformed the broader market despite weakening financial performance. The company's Clicklane initiative, an omni-channel platform for vehicle search and acquisition, has performed well, selling 10,800 vehicles in Q1 2023, a 93% YoY increase. Despite worsening fundamentals, ABG's shares look attractive compared to its peers and the company continues to buy back stock, making it a soft 'buy' for investors.
- 07/12/2023
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Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results.
- 07/10/2023
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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/03/2023
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Asbury Automotive (ABG) Up 9.2% Since Last Earnings Report: Can It Continue?
- Asbury Automotive (ABG) reported earnings 30 days ago. What's next for the stock?
- 05/25/2023
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Asbury's (ABG) Q1 Earnings Beat, Sales Miss, Decline Y/Y
- While Asbury (ABG) delivers an earnings beat in Q1 on better-than-expected sales and profits from new vehicle unit, overall revenues miss mark and contract on a yearly basis.
- 04/28/2023
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Enhance Your Portfolio With These 5 Low Price-to-Book Stocks
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Deutsche Bank (DB), General Motors (GM), Unum Group (UNM), PVH Corp (PVH) and Asbury Automotive Group (ABG) are some such stocks.
- 04/26/2023
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Asbury Automotive Group, Inc. (ABG) Q1 2023 Earnings Call Transcript
- Asbury Automotive Group, Inc. (ABG) Q1 2023 Earnings Call Transcript.
- 04/25/2023
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Compared to Estimates, Asbury Automotive (ABG) Q1 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 04/25/2023
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Asbury Automotive Group (ABG) Q1 Earnings Beat Estimates
- Asbury Automotive Group (ABG) came out with quarterly earnings of $8.37 per share, beating the Zacks Consensus Estimate of $7.94 per share. This compares to earnings of $9.27 per share a year ago.
- 04/25/2023
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Will Asbury Automotive (ABG) Beat Estimates Again in Its Next Earnings Report?
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/17/2023
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/14/2023
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4 Low Price-to-Cash Flow Stocks to Garner Superior Returns
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. PVH Corp. (PVH), Unum Group (UNM), General Motors (GM) and Asbury Automotive (ABG) boast low P/CF ratios.
- 04/05/2023
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Asbury Automotive: Discounted Stock In The Automotive Industry
- Asbury Automotive continues to benefit from today's transition to more sustainable and cleaner vehicles. It ended the year with outstanding top and bottom-line growth.
- 03/07/2023
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5 Broker-Friendly Stocks to Watch as Inflation Stays Hot
- We believe that broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), Beazer Homes USA (BZH), Asbury Automotive (ABG) and Avnet (AVT) are worth a look.
- 03/03/2023
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Asbury (ABG) Q4 Earnings Outstrip Estimates, Jump 22.2% Y/Y
- Asbury's (ABG) gross profit surprises in the new-vehicle and finance & insurance segments steer overall earnings growth.
- 02/06/2023
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Asbury Automotive Group, Inc. (ABG) Q4 2022 Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG ) Q4 2022 Results Conference Call February 2, 2023 10:00 AM ET Company Participants Karen Reid - Vice President and Corporate Treasurer David Hult - President and Chief Executive Officer Dan Clara - Senior Vice President of Operations Michael Welch - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America Ryan Sigdahl - Graig-Hallum Capital Daniela Haigian - Morgan Stanley Rajat Gupta - JPMorgan Bret Jordan - Jefferies David Whiston - Morningstar Operator Greetings. Welcome to Asbury Automotive Group's Fourth Quarter 2022 Earnings Call.
- 02/02/2023
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Asbury Automotive Group (ABG) Tops Q4 Earnings Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 10.81% and 2.99%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2023
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Why Asbury Automotive (ABG) is Poised to Beat Earnings Estimates Again
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/13/2023
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5 Undervalued Predictable Consumer Cyclical Stocks for 2023
- Market indexes rose on Thursday morning as the Consumer Price Index report for December fell in line with economists' expectations and indicated inflation may be cooling off.
- 01/12/2023
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Asbury Automotive Group Schedules Release of Fourth Quarter 2022 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 fourth quarter financial results before the market opens on Thursday, February 2, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
- 01/11/2023
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Is the Options Market Predicting a Spike in Asbury (ABG) Stock?
- Investors need to pay close attention to Asbury (ABG) stock based on the movements in the options market lately.
- 01/05/2023
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Asbury Automotive Group: Driving Your Way To More Profits
- Asbury Automotive Group continues to generate strong sales, earnings, and cash flow growth. This is impressive, but it's only due to acquisitions and favorable pricing.
- 01/02/2023
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KMX Stock Dives As Used Car Price Bubble Unwinds
- KMX stock dived Thursday after Q3 earnings deeply undercut analysts' target. Used car prices are falling.
- 12/22/2022
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5 Chuck Royce Stocks Trading Below DCF Value
- According to current portfolio statistics, a Premium feature of GuruFocus, five stocks in Royce Investment Partners' third-quarter 13F equity portfolio that are trading below discounted cash flow value are Marcus & Millchamp Inc. ( MMI , Financial), UFP Industries Inc. ( UFPI , Financial), Mueller Industries Inc. ( MLI , Financial), LCI Industries Inc. ( LCII , Financial) and Asbury Automotive Group ( ABG , Financial).
- 12/14/2022
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These 5 Stocks Look Attractive Following Broker Upgrades
- Broker-favorite stocks like American Airlines (AAL), Delek US Holdings (DK), Builders FirstSource (BLDR), Asbury Automotive (ABG) and Foot Locker (FL) should be on an investors' watchlist.
- 12/09/2022
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Asbury (ABG) Q3 Earnings Surpass Estimates, Rise 39% Y/Y
- Higher-than-expected gross profit from Parts & Services and Finance & Insurance units leads to Q3 earnings beat for Asbury (ABG).
- 11/01/2022
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Asbury Automotive Group, Inc. (ABG) Q3 2022 Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Karen Reid - Vice President & Treasurer David Hult - President and Chief Executive Officer Daniel Clara - Senior Vice President of Operations Michael Welch - Senior Vice President, Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America Ryan Sigdahl - Graig-Hallum Capital Group Bret Jordan - Jefferies Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good day and welcome to the Q3 2022 Earnings Call. This conference is being recorded.
- 10/27/2022
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Auto dealer stocks rally despite Wall Street's 'demand destruction' theory
- Shares of AutoNation, Group 1 and other auto dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand.
- 10/27/2022
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Asbury Automotive Group (ABG) Beats Q3 Earnings Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 0.44% and 2.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2022
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Wall Street eyes auto industry earnings for signs of 'demand destruction'
- Wall Street will be watching the auto industry's earnings results for signs of weakening consumer demand amid recessionary fears.
- 10/19/2022
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Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/18/2022
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Asbury Automotive Group Schedules Release of Third Quarter 2022 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 third quarter financial results before the market opens on Thursday, October 27, 2022. 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 https://investors.asburyauto.com/. A replay will be availab
- 10/11/2022
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Asbury Automotive Group: Patience Is Required
- The market has been pessimistic regarding Asbury Automotive Group and its prospects moving forward. Fortunately, financial performance remains robust and shares of the business look cheap.
- 10/11/2022
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Here is Why Growth Investors Should Buy Asbury Automotive (ABG) Now
- Asbury Automotive (ABG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 09/26/2022
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Auto Dealers on Sale
- There may be no giant banners or flapping pennants above these deals, but there is a big sale going on in the automotive industry.
- 09/21/2022
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Are Retail-Wholesale Stocks Lagging Asbury Automotive Group (ABG) This Year?
- Here is how Asbury Automotive Group (ABG) and Dick's Sporting Goods (DKS) have performed compared to their sector so far this year.
- 09/13/2022
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Looking for a Growth Stock? 3 Reasons Why Asbury Automotive (ABG) is a Solid Choice
- Asbury Automotive (ABG) could produce exceptional returns because of its solid growth attributes.
- 09/09/2022
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Asbury Automotive (ABG) Upgraded to Buy: Here's Why
- Asbury Automotive (ABG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 09/09/2022
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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/09/2022
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Should You Buy Asbury Automotive Group (ABG) After Golden Cross?
- Is it a good or bad thing when a stock experiences a golden cross technical event?
- 08/23/2022
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3 Stocks Trading at a Discount
- To increase your chances of finding a bargain, one method is to screen the market for stocks that are trading at a discount to their estimated intrinsic values as calculated by the projected free cash flow valuation model.
- 08/18/2022
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Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Here is how Asbury Automotive Group (ABG) and Dollar General (DG) have performed compared to their sector so far this year.
- 08/08/2022
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Asbury Automotive Group (ABG) is a Top-Ranked Value Stock: Should You Buy?
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 08/03/2022
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Asbury Plans to Triple Revenue by 2025
- The Asbury Automotive Group, Inc. ( ABG , Financial) has ambitions that might launch it into becoming an even bigger player in the auto aggregation business.
- 07/29/2022
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Asbury's (ABG) Record Q2 Earnings and Sales Beat Estimates
- Asbury (ABG) reports all-time high EPS in the second quarter. The top and bottom lines see robust year-over-year growth.
- 07/29/2022
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Asbury Automotive Group, Inc.'s (ABG) CEO David Hult on Q2 2022 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Karen Reid - Vice President and Treasurer David Hult - President and Chief Executive Officer Dan Clara - Senior Vice President of Operations Michael Welch - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens, Inc. Rajat Gupta - J.P. Morgan Dave Whiston - Morningstar Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies Operator Good day and welcome to the Asbury Automotive Group Second Quarter 2022 Earnings Call.
- 07/28/2022
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Asbury Automotive Group: A Solid Prospect In The Automotive Retail Space
- Asbury Automotive Group has done well to grow both its top and bottom lines in recent years. Recent performance has been particularly explosive thanks to some acquisitions the firm has made and because of higher vehicle pricing.
- 07/21/2022
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Can Asbury Automotive (ABG) Keep the Earnings Surprise Streak Alive?
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/19/2022
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Asbury Automotive Group Schedules Release of Second Quarter 2022 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 Thursday, July 28, 2022. 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 www.asburyauto.com/company/investor-relations. A replay will
- 07/13/2022
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Asbury Automotive (ABG) Soars 4.5%: Is Further Upside Left in the Stock?
- Asbury Automotive (ABG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 06/20/2022
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3 Value Stocks That Could 2x in a Recession
- It might be tempting to say that valuation metrics are no longer useful for certain kinds of value stocks, but you need to adjust your focus. The post 3 Value Stocks That Could 2x in a Recession appeared first on InvestorPlace.
- 06/02/2022
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Chuck Royce's Firm Starts to Unhitch Miller Industries Position
- Royce Investment Partners revealed earlier this week it trimmed its stake in Miller Industries Inc. ( MLR , Financial) by 36.08%.
- 05/12/2022
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Here is how Asbury Automotive Group (ABG) and Arcos Dorados (ARCO) have performed compared to their sector so far this year.
- 05/09/2022
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/09/2022
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Asbury (ABG) Beats Q1 Earnings Mark, Lifts Long-Term Targets
- Asbury (ABG) delivers a comprehensive Q1 beat, and registers massive year-over-year growth in the top and bottom lines. To investors' delight, it also boosts the buyback program by $200 million.
- 05/03/2022
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q1 2022 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Karen Reid - Vice President & Treasurer David Hult - President and Chief Executive Officer Dan Clara - Senior VP of Operations Michael Welch - Senior VP and Chief Financial Officer. Conference Call Participants Daniel Imbro - Stephens Inc John Murphy - Bank of America Ryan Sigdahl - Craig-Hallum Capital Group Glenn Chin - Seaport Research Partners Rajat Gupta - JPMorgan Stephanie Moore - Truist Bret Jordan - Jefferies David Whiston - Morningstar Equity Research Operator Good day and welcome to the Asbury Automotive Group Q1 2022 Earnings Call.
- 04/28/2022
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Asbury Automotive Group (ABG) Q1 Earnings and Revenues Beat Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 3.92% and 1.94%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/28/2022
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5 Top Stocks to Buy on Earnings Beat Potential
- These top-ranked stocks (ABG, TSLA, MRO, THG, HEES) are likely to beat on bottom line in their next releases.
- 04/14/2022
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Are Investors Undervaluing Asbury Automotive Group (ABG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/13/2022
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Is Asbury Automotive (ABG) a Solid Growth Stock? 3 Reasons to Think " Yes "
- Asbury Automotive (ABG) possesses solid growth attributes, which could help it handily outperform the market.
- 04/13/2022
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Asbury Automotive Group Schedules Release of First Quarter 2022 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 first quarter financial results before the market opens on April 28, 2022. 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 www.asburyauto.com/company/investor-relations. A replay will be availab
- 04/12/2022
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Why Asbury Automotive (ABG) is Poised to Beat Earnings Estimates Again
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/08/2022
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Best Growth Stocks to Buy for March 29th
- SIG, ABG, and WLK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 29, 2022.
- 03/29/2022
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Best Growth Stocks to Buy for March 25th
- ABG, BBQ, and CBRE made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 25, 2022.
- 03/25/2022
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3 Reasons Why Growth Investors Shouldn't Overlook Asbury Automotive (ABG)
- Asbury Automotive (ABG) could produce exceptional returns because of its solid growth attributes.
- 03/21/2022
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Here is how Asbury Automotive Group (ABG) and Ethan Allen (ETD) have performed compared to their sector so far this year.
- 03/21/2022
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Asbury Automotive Group (ABG) Gains But Lags Market: What You Should Know
- Asbury Automotive Group (ABG) closed the most recent trading day at $194.52, moving +0.93% from the previous trading session.
- 03/17/2022
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These 4 Growth Stocks Are Ripe for the Picking
- The last few months have been tough for the market but this has created an opportunity to invest cheaply in growth.
- 03/17/2022
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Best Growth Stocks to Buy for March 16th
- ABG, COP, and CLS made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 16, 2022.
- 03/16/2022
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Best Growth Stocks to Buy for March 14th
- ABG, COP, and BAK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 14, 2022.
- 03/14/2022
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Best Growth Stocks to Buy for March 11th
- ABG, ARCB, and BAK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 11, 2022.
- 03/11/2022
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Best Growth Stocks to Buy for March 9th
- ABG, CBRE, and CWK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 9, 2022.
- 03/09/2022
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How Asbury (ABG) Stock Stands Out in a Strong Industry
- Asbury (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/08/2022
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Best Growth Stocks to Buy for March 7th
- CBRE, ABG, and CPRI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 7, 2022
- 03/07/2022
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5 Broker-Friendly Stocks to Buy Despite the Current Jitters
- Broker-favorite stocks like Asbury Automotive (ABG), Cross Country Healthcare (CCRN), Arrow (ARW), Builders FirstSource (BLDR) and The Andersons (ANDE) should grace one's portfolio.
- 03/07/2022
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Here is how Asbury Automotive Group (ABG) and Ethan Allen (ETD) have performed compared to their sector so far this year.
- 03/04/2022
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Wall Street Analysts Think Asbury Automotive (ABG) Could Surge 28%: Read This Before Placing a Bet
- The mean of analysts' price targets for Asbury Automotive (ABG) points to a 27.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 03/04/2022
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5 Lucrative Value Stocks Based on Discounted PEG to Buy Now
- Here are five stocks, Asbury Automotive Group (ABG), AMN Healthcare Services (AMN), Teck Resources (TECK) and AGCO Corporation (AGCO), which are lucrative value investing opportunities at present.
- 03/04/2022
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3 Reasons Why Growth Investors Shouldn't Overlook Asbury Automotive (ABG)
- Asbury Automotive (ABG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 03/03/2022
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How to Trade Earnings Surprises
- Want to trade on the earnings report? Learn the strategies that could give you an edge.
- 03/02/2022
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Asbury Will Be A Winner In The Emerging Auto Dealership Market
- Asbury Will Be A Winner In The Emerging Auto Dealership Market
- 02/25/2022
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Best Growth Stocks to Buy for February 25th
- ABG, ARCB, and BAK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on February 25, 2022
- 02/25/2022
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5 Top-Ranked Growth Stocks at Attractive Valuations
- Growth stocks are going cheap now that the market has tanked.
- 02/24/2022
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The Fed Has One Major Source of Concern
- What can happen to Prices, Wages, and Profits from here?
- 02/23/2022
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Can Asbury Automotive (ABG) Run Higher on Rising Earnings Estimates?
- Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 02/23/2022
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5 Stocks to Add to Your Portfolio Post Broker Upgrade
- Broker-friendly stocks like ArcBest (ARCB), Atlas Air (AAWW), Cross Country Healthcare (CCRN), Asbury Automotive (ABG) and Avnet (AVT) should grace one's portfolio.
- 02/18/2022
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Wall Street Analysts Believe Asbury Automotive (ABG) Could Rally 42%: Here's is How to Trade
- The consensus price target hints at a 42.1% upside potential for Asbury Automotive (ABG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 02/16/2022
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q4 2021 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q4 2021 Results - Earnings Call Transcript
- 02/15/2022
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Is Asbury Automotive (ABG) a Solid Growth Stock? 3 Reasons to Think " Yes "
- Asbury Automotive (ABG) possesses solid growth attributes, which could help it handily outperform the market.
- 02/14/2022
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Should You Buy Asbury Automotive Group (ABG) Ahead of Earnings?
- Asbury Automotive Group (ABG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/11/2022
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Why Asbury (ABG) is Well Positioned for Q4 Earnings Beat
- The Zacks Consensus Estimate for Asbury Automotive Group's (ABG) Q4 earnings per share and revenues is pegged at $5.86 and $2.43 billion, respectively.
- 02/11/2022
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5 Top Stocks Likely to Beat Earnings Estimates
- These top-ranked stocks are likely to beat on bottom line in their next releases.
- 02/10/2022
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Asbury Automotive Group (ABG) Earnings Expected to Grow: Should You Buy?
- Asbury Automotive (ABG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/08/2022
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Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 02/07/2022
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Back to Value Investing Basics: The P/E Ratio
- You can find great value stocks by screening for the basics like P/E ratio and Zacks Rank.
- 02/04/2022
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5 Stocks to Buy Following Recent Upgrade by Brokers
- Investors should add broker-friendly stocks like ArcBest (ARCB), Archer Daniels (ADM), Atlas Air (AAWW), Cross Country Healthcare (CCRN) and Asbury Automotive (ABG) to their respective portfolios for handsome returns.
- 02/03/2022
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Bank on Rising P/E Investing With These 5 Top-Ranked Stocks
- Want to try a different approach? Tap five stocks with increasing P/E ratios such as MEDIFAST (MED), JAKKS Pacific (JAKK), Asbury Automotive Group (ABG), Zymeworks (ZYME) and Polaris (PII).
- 01/31/2022
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New Strong Buy Stocks for January 28th
- ABG, GM, LEN, ONEW, and RJF have been added to the Zacks Rank #1 (Strong Buy) List on January 28, 2022.
- 01/28/2022
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Best Value Stocks to Buy for January 28th
- ABG, ONEW, and LEN made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 28, 2022
- 01/28/2022
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Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2021 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 fourth quarter and full year financial results before the market opens on February 15, 2022. 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 www.asburyauto.com/company/investor-relations. A repl
- 01/20/2022
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Asbury Automotive Group (ABG) Gains As Market Dips: What You Should Know
- Asbury Automotive Group (ABG) closed the most recent trading day at $167.37, moving +0.38% from the previous trading session.
- 01/13/2022
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Looking for a Growth Stock? Why It is Time to Focus on Asbury (ABG)
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Asbury (ABG).
- 01/11/2022
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Wall Street Analysts Think Asbury Automotive (ABG) Could Surge 42%: Read This Before Placing a Bet
- The average of price targets set by Wall Street analysts indicates a potential upside of 42.3% in Asbury Automotive (ABG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 01/10/2022
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Can Asbury Automotive (ABG) Keep the Earnings Surprise Streak Alive?
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/07/2022
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Best Growth Stocks to Buy for January 7th
- AN, ABG, and ARCB made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 7, 2022
- 01/07/2022
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Best Growth Stocks to Buy for January 6th
- M, ABG, and GEF made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 6, 2022
- 01/06/2022
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Best Growth Stocks to Buy for January 5th
- ABG, APO, and PFE made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 5, 2022
- 01/05/2022
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New Strong Buy Stocks for January 4th
- ABG, CNTY, IIJIY, ORAN, and PFE have been added to the Zacks Rank #1 (Strong Buy) List on January 4, 2022.
- 01/04/2022
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Best Value Stocks to Buy for January 4th
- WLK, ABG, and STC made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 4, 2022
- 01/04/2022
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Asbury Automotive Group (ABG) Gains As Market Dips: What You Should Know
- Asbury Automotive Group (ABG) closed the most recent trading day at $170.09, moving +0.64% from the previous trading session.
- 12/30/2021
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Asbury Automotive Group (ABG) Gains But Lags Market: What You Should Know
- In the latest trading session, Asbury Automotive Group (ABG) closed at $164.42, marking a +0.5% move from the previous day.
- 12/24/2021
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Here is how Asbury Automotive Group (ABG) and Dillard's (DDS) have performed compared to their sector so far this year.
- 12/20/2021
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Asbury Automotive Group (ABG) Dips More Than Broader Markets: What You Should Know
- Asbury Automotive Group (ABG) closed the most recent trading day at $164.10, moving -1.08% from the previous trading session.
- 12/17/2021
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Wall Street Analysts See a 44% Upside in Asbury Automotive (ABG): Can the Stock Really Move This High?
- The consensus price target hints at a 44% upside potential for Asbury Automotive (ABG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 12/16/2021
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4 Reasons to Bet On Mid-Cap Value Today
- These mid-cap stocks are on sale.
- 12/15/2021
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Asbury Automotive's Online Strategy Is Risky, But The Stock Is Cheap
- Asbury Automotive Group, Inc. presents itself as one of the largest automotive retailers in the US.
- 12/15/2021
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Best Value Stocks to Buy for December 13th
- ABG, TPH, and MCK made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 13, 2021.
- 12/13/2021
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Asbury Automotive Group (ABG) Dips More Than Broader Markets: What You Should Know
- In the latest trading session, Asbury Automotive Group (ABG) closed at $167.51, marking a -0.86% move from the previous day.
- 12/09/2021
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5 Highly Ranked Cheap Stocks to Buy Now
- What stocks are cheap, and also expected to grow earnings, heading into 2022?
- 12/09/2021
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Bull of the Day: Asbury Automotive (ABG)
- Auto retailers are in the driver's seat in 2022.
- 12/09/2021
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Asbury (ABG) Enhances Foothold in Denver on Stevinson Buyout
- The purchase of Stevinson will contribute approximately $715 million in annualized revenues to Asbury (ABG).
- 12/08/2021
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Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Here is how Asbury Automotive Group (ABG) and Levi Strauss (LEVI) have performed compared to their sector so far this year.
- 12/03/2021
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New Strong Buy Stocks for December 3rd
- ABG, CPRI, INLX, LEGH, and MATX have been added to the Zacks Rank #1 (Strong Buy) List on December 3rd.
- 12/03/2021
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Best Growth Stocks to Buy for December 3rd
- CPRI, ABG, CWK, and ACI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 3, 2021.
- 12/03/2021
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Is (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- 11/04/2021
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ESG Performance: Companies Talk The Talk But Which Are Walking The Walk?
- A positive earnings surprise is not an indication that a company is doing a good job in reducing their CO2 emissions.
- 11/03/2021
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5 Stocks Worth Betting on Post Upgrade by Analysts
- Investors should add broker-friendly stocks like C.H. Robinson (CHRW), ArcBest (ARCB), Asbury (ABG), CNO Financial (CNO) and Century Aluminum (CENX) to their respective portfolios for healthy returns.
- 10/29/2021
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q3 2021 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q3 2021 Results - Earnings Call Transcript
- 10/26/2021
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Earnings Outlook For Asbury Automotive Group
- Asbury Automotive Group (NYSE:ABG) is set to give its latest quarterly earnings report on Tuesday, 2021-10-26. Here's what investors need to know before the announcement.
- 10/25/2021
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Key Predictions for Asbury (ABG) This Earnings Season
- While solid demand across all segments is likely to have fueled Asbury's (ABG) Q3 performance, rising operating costs might have dented the company's margins.
- 10/20/2021
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Asbury Automotive Group (ABG) Earnings Expected to Grow: Should You Buy?
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/19/2021
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Has Asbury Automotive Group (ABG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- 10/19/2021
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Is 2021 Shaping Up to be Another Banner Year for Dealership M&As?
- There has been a flurry of deal making in the auto retail space of late. Kerrigan Advisers predicts that 2021 would mark the biggest year for dealership M&A activities in decades.
- 10/13/2021
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Asbury Automotive Group Schedules Release of Third Quarter 2021 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 third quarter financial results before the market opens on Tuesday, October 26, 2021. 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 www.asburyauto.com/company/investor-relations. A replay will
- 10/08/2021
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Asbury (ABG) to Buy 2 Retailers, Add $5.7B to Annual Sales
- Asbury (ABG) enters into an agreement to acquire Larry H. Miller Group and Total Care Auto.
- 09/30/2021
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Asbury Automotive Acquires Larry H. Miller Dealerships, Total Care Auto For $3.2B
- Asbury Automotive Group Inc (NYSE: ABG) has agreed to acquire Larry H. Miller Dealerships and Total Care Auto (TCA), Powered by Landcar, for an aggregate of $3.2 billion, including $740 million of real estate.
- 09/29/2021
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Asbury Automotive to acquire Larry H. Miller Dealerships and Total Care Auto in $3.2 billion deal
- Asbury Automotive Group Inc. shares ABG, -2.02% jumped 4% in premarket trade Wednesday, after the company said it has agreed to purchase Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, powered by Landcar, in a deal valued at $3.2 billion.
- 09/29/2021
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Asbury Automotive Group Adds Approximately $5.7 Billion in Annualized Revenues with Transformational Acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of Companies (“LHM Group”) to acquire Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, Powered by Landcar (“TCA” or “Landcar Agency”). “Larry H. Miller Dealerships is one of the most respected automotive dealer groups in the United States with a
- 09/29/2021
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New Strong Buy Stocks for September 28th
- Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today.
- 09/28/2021
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Top Ranked Growth Stocks to Buy for September 28th
- ABG, CWK, TPX, and CRI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 28, 2021
- 09/28/2021
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Top Ranked Value Stocks to Buy for September 28th
- GEO, CVLG, ABG, and CASH made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2021.
- 09/28/2021
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Is Asbury Automotive (ABG) a Great Growth Stock?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Asbury Automotive (ABG).
- 09/23/2021
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Top Ranked Value Stocks to Buy for September 20th
- FBIZ, ABG, CAL, and MATX made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 20, 2021.
- 09/20/2021
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The Presidio Group Advises Asbury Automotive on the Sale of BMW of Charlottesville
- CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--The Presidio Group LLC exclusively advised Asbury Automotive Group on the sale of BMW of Charlottesville to Flow Automotive Companies.
- 09/14/2021
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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/09/2021
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Top Ranked Growth Stocks to Buy for August 31st
- COLM, ABG, TGLS, and MXL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 31, 2021.
- 08/31/2021
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3 Reasons Growth Investors Will Love Asbury Automotive (ABG)
- Asbury Automotive (ABG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 08/30/2021
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Asbury Automotive (ABG) Sees Hammer Chart Pattern: Time to Buy?
- Asbury Automotive (ABG) has been struggling lately, but the selling pressure may be coming to an end soon.
- 08/23/2021
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Is Asbury Automotive (ABG) Stock a Solid Choice Right Now?
- Asbury Automotive (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 08/20/2021
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Time to Focus on Asbury Automotive (ABG) for Strong Earnings Growth Potential
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Asbury Automotive (ABG).
- 08/10/2021
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5 Cheap Growth Stocks with Top Rank
- Ben Graham knew the PEG ratio was a powerful tool in value stock screening.
- 08/05/2021
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Auto Stocks Can Drive Strong Returns This Summer
- There's more money to be made in the attractive auto market.
- 08/05/2021
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Bull of the Day: Asbury Automotive Group (ABG)
- Organic growth and strategic acquisitions are making this one of the country's most profitable auto dealers.
- 08/05/2021
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3 Reasons Why Growth Investors Shouldn't Overlook Asbury Automotive (ABG)
- Asbury Automotive (ABG) could produce exceptional returns because of its solid growth attributes.
- 08/04/2021
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Top Ranked Momentum Stocks to Buy for August 4th
- CAR, ABG, POWI, and TDY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 4, 2021
- 08/04/2021
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New Strong Buy Stocks for August 4th
- ABG, DOW, HCA, OLN, and CSV have been added to the Zacks Rank #1 (Strong Buy) List on August 4, 2021.
- 08/04/2021
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Is This the Time to Buy Growth or Value?
- Whether you're a growth or value investor, it always pays to buy cheap.
- 08/02/2021
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Surging Earnings Estimates Signal Upside for Asbury Automotive (ABG) Stock
- Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 07/29/2021
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q2 2021 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q2 2021 Results - Earnings Call Transcript
- 07/27/2021
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Asbury Automotive Group (ABG) Tops Q2 Earnings and Revenue Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 46.79% and 10.76%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2021
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Recap: Asbury Automotive Q2 Earnings
- Shares of Asbury Automotive Group (NYSE:ABG) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 208.73% year over year to $7.78, which beat the estimate of $4.38.
- 07/27/2021
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Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again
- Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/26/2021
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Impactive Capital's Wolfe on how companies can improve profits using ESG
- Lauren Taylor Wolfe, Impactive Capital managing partner and co-founder, joins 'Power Lunch' to discuss how her firm screens companies and ESG activism.
- 07/23/2021
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/21/2021
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Asbury Automotive Group (ABG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Asbury Automotive (ABG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/20/2021
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Asbury Automotive Is Undervalued With Strong Fundamentals
- Asbury Automotive is a leading automobile retailer that has the potential for great future growth and is currently trading at a bargain/fair price. The company's earnings have risen steadily and the forecast of its earnings in this current economic climate is bright.
- 07/19/2021
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Here is Why Growth Investors Should Buy Asbury Automotive (ABG) Now
- Asbury Automotive (ABG) possesses solid growth attributes, which could help it handily outperform the market.
- 07/19/2021
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5 Stocks with Compelling Buy Points
- Sometimes planning to play safe is good enough.
- 07/14/2021
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Asbury Automotive Group Enhances Clicklane with Addition of Accessories and Customization Platform Powered by Insignia Group
- DULUTH, Ga.--(BUSINESS WIRE)-- #AsburyAutomotiveGroup--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today additional product enhancements to Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience. Improvements include a strategic partnership with Insignia Group to provide vehicle customization accessories. Through Insignia Group's visualization platform, Clicklane c
- 07/12/2021
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Salty And Asbury Automotive Group Join Forces
- SALT LAKE CITY, July 8, 2021 /PRNewswire/ -- Salty Dot Inc. , the Embedded Insurance® technology company, today announced a strategic partnership with Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S. to enhance Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience. Salty has collaborated with Asbury to expand the capabilities of Clicklane, further simplifying the customer experience.
- 07/08/2021
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Asbury Automotive Group Enhances Clicklane With Salty's Embedded Insurance®
- DULUTH, Ga.--(BUSINESS WIRE)-- #AsburyAutomotiveGroup--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today a significant new enhancement to Clicklane – a technology ecosystem which enables a complete online car-buying and selling experience. Asbury has partnered with Salty to expand the capabilities of Clicklane, further enhancing the customer experience. Customers can now receive a bindable insurance quote throug
- 07/08/2021
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Asbury Automotive Group Schedules Release of Second Quarter 2021 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 July 27, 2021. 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 www.asburyauto.com/company/investor-relations. A replay will be availab
- 07/07/2021
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Asbury Automotive Appoints Michael Welch As CFO
- Automotive retailer Asbury Automotive Group, Inc. (NYSE: ABG) has appointed Michael Welch as Senior Vice President and Chief Financial Officer effective August 9, 2021. Welch has served as the Vice President and Corporate Controller at Group 1 Automotive, Inc. (NYSE: GPI).
- 07/06/2021
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Asbury Automotive Group, Inc. Announces Appointment of Michael Welch as Chief Financial Officer
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Michael Welch will join the Company as its Senior Vice President and Chief Financial Officer effective August 9, 2021. “Michael has spent over 20 years working in the automotive retail industry so he brings with him a deep understanding of the auto retail business along with broad experience in financial
- 07/06/2021
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Auto Retail Stocks Shine as America Prepares for July 4
- There are some solid picks in this group at attractive valuations.
- 07/02/2021
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Asbury Automotive Group Announces Departure of Patrick J. Guido as CFO
- DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Patrick J. Guido provided notice of his decision to resign from the position of Senior Vice President & Chief Financial Officer of the Company effective June 24, 2021 for personal reasons. David W. Hult, Asbury's President & Chief Executive Officer, said, “We thank PJ Guido for his service to Asb
- 06/28/2021
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Asbury Automotive (ABG) Surges 5%: Is This an Indication of Further Gains?
- Asbury Automotive (ABG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 06/28/2021
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Asbury Automotive (ABG) is Oversold: Can It Recover?
- Asbury Automotive (ABG) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- 06/25/2021
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VCR: Consumer Discretionary Dashboard For June
- VCR: Consumer Discretionary Dashboard For June
- 06/23/2021
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Where Are the Value Stocks?
- Sectors with the largest percentage of value plays are retail, transportation, tech, conglomerates and basic materials.
- 06/17/2021
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Is Asbury Automotive (ABG) a Great Growth Stock?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Asbury Automotive (ABG).
- 06/17/2021
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Looking for a Growth Stock? 3 Reasons Why Asbury Automotive (ABG) is a Solid Choice
- Asbury Automotive (ABG) possesses solid growth attributes, which could help it handily outperform the market.
- 06/11/2021
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How Asbury Automotive (ABG) Stock Stands Out in a Strong Industry
- Asbury Automotive (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 05/28/2021
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3 Reasons Why Growth Investors Shouldn't Overlook Asbury Automotive (ABG)
- Asbury Automotive (ABG) possesses solid growth attributes, which could help it handily outperform the market.
- 05/26/2021
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Should You Invest In Auto Dealers Right Now?
- As things stand now, there are pros and cons to investing in this group.
- 05/19/2021
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Is Asbury Automotive (ABG) a Great Growth Stock?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Asbury Automotive (ABG).
- 05/18/2021
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Looking for a Growth Stock? 3 Reasons Why Asbury Automotive (ABG) is a Solid Choice
- Asbury Automotive (ABG) could produce exceptional returns because of its solid growth attributes.
- 05/06/2021
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New Strong Buy Stocks for April 30th
- New Strong Buy Stocks for April 30th
- 04/30/2021
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Top Ranked Growth Stocks to Buy for April 30th
- Top Ranked Growth Stocks to Buy for April 30th
- 04/30/2021
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Asbury Automotive (ABG) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Asbury Automotive (ABG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/30/2021
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What Makes Asbury Automotive (ABG) a New Buy Stock
- Asbury Automotive (ABG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 04/28/2021
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Asbury Automotive Group, Inc., (ABG) CEO David Hult on Q1 2021 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc., (ABG) CEO David Hult on Q1 2021 Results - Earnings Call Transcript
- 04/27/2021
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Asbury Automotive Group (ABG) Beats Q1 Earnings and Revenue Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 30.73% and 7.21%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2021
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Earnings Outlook for Asbury Automotive Group
- Asbury Automotive Group (NYSE:ABG) unveils its next round of earnings this Tuesday, April 27. Here is Benzinga's everything-that-matters guide for the earnings announcement.
- 04/26/2021
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3 High Forward Rate of Return Stock Picks
- Donald Yacktman, a prominent value investor and patron of the AMG Yacktman Fund (Trades, Portfolio) Class I (YACKX), takes the "forward rate of return" highly into account when he has to appraise the attractiveness of a stock. He calculates this valuation ratio as "normalized free cash flow yield plus real growth plus inflation.
- 04/22/2021
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David Abrams Tops Off Asbury Automotive Group Holding
- David Abrams ( Trades , Portfolio ) has revealed an addition to his Asbury Automotive Group Inc. (NYSE:ABG) stake for the first time this year according to GuruFocus' Real-Time Picks, a Premium feature.
- 04/15/2021
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Asbury Automotive Group Schedules Release of First Quarter 2021 Financial Results
- DULUTH, Ga., April 12, 2021 /PRNewswire/ -- 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 first quarter financial results before the market opens on April 27, 2021.
- 04/12/2021
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q4 2020 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q4 2020 Results - Earnings Call Transcript
- 02/02/2021
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Asbury Automotive Group (ABG) Q4 Earnings and Revenues Top Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 6.22% and 1.28%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2021
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Asbury Automotive Group (ABG) Earnings Expected to Grow: Should You Buy?
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/25/2021
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Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2020 Financial Results
- DULUTH, Ga., Jan. 25, 2021 /PRNewswire/ -- 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 fourth quarter and full year financial results before the market opens on February 2, 2021....
- 01/25/2021
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Top Ranked Growth Stocks to Buy for January 4th
- Top Ranked Growth Stocks to Buy for January 4th
- 01/04/2021
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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/31/2020
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Top Ranked Growth Stocks to Buy for December 30th
- Top Ranked Growth Stocks to Buy for December 30th
- 12/30/2020
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Top Ranked Momentum Stocks to Buy for December 29th
- Top Ranked Momentum Stocks to Buy for December 29th
- 12/29/2020
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Top Ranked Growth Stocks to Buy for December 17th
- Top Ranked Growth Stocks to Buy for December 17th
- 12/17/2020
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5 Buy Ranked Growth Stocks at Attractive Valuations
- The best investment policy is to pick stocks that have everything going for them.
- 12/16/2020
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Asbury Automotive stock gets upgrade from Morgan Stanley
- Analysts at Morgan Stanley upgraded their rating on shares of Ashbury Automotive Group Inc. to their equivalent to buy from hold, saying that the auto dealership company made strides in their online car-buying platform. Ashbury is now Morgan Stanley's top pick among auto dealers, which, as a group, are accelerating their move to online amid the pandemic, taking a page from Carvana Co. and other car-buying online dealers.
- 12/07/2020
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How to Find Winning Stocks in This Upbeat Market
- The euphoria surrounding vaccine progress, strong earnings results and other data have led to a return of the bull. Here is a simple strategy to select stocks that's unlikely to go wrong.
- 12/03/2020
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Asbury Automotive Group Launches Clicklane-- The First-Ever End-To-End Car-Buying Solution-- And Unveils Its Five-Year Strategic Vision
- DULUTH, Ga., Dec. 2, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the launch of Clicklane— a communications technology ecosystem which allows for a true...
- 12/02/2020
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Is Asbury Automotive Group (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- Is (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- 11/26/2020
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Wall Street Set to Close the Year Higher: 5 Top Growth Picks
- The stock market is poised to close the year positively, driven by a flurry of encouraging developments, making it a good time to invest in growth stocks like Beazer Homes (BZH) and Axcelis (ACLS).
- 11/26/2020
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Why Americans Keep Buying Cars & How to Invest for It
- A number of factors are driving the comeback in the auto market but a full recovery is still some way off. So there are still a number of undervalued stocks to choose from.
- 11/24/2020
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Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Is (ABG) Outperforming Other Retail-Wholesale Stocks This Year?
- 11/10/2020
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Asbury Automotive: An Auto Dealer Compounder And Bargain At Under 9x Earnings - Behind The Idea
- Asbury Auto is an owner of mostly luxury auto dealerships, and has grown EPS at an impressive 17% per year over the past five years. The migration of workers to suburban settings likely creates increased demand for autos over at least the next year.
- 11/03/2020
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3 Stocks With Low Price-Earnings Ratios
- As of Oct. 27, the following stocks appear undervalued by the market, as their price-earnings (PE) ratios without non-recurring items (NRI) are below 20 while their price-earnings to growth (PEG) ratios are not more than 1.
- 10/28/2020
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Asbury Automotive Group, Inc.'s (ABG) CEO David Hult on Q3 2020 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc.'s (ABG) CEO David Hult on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Asbury Automotive Group: Q3 Earnings Insights
- Shares of Asbury Automotive Group (NYSE:ABG) fell 1.9% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 75.11% over the past year to $4.08, which beat the estimate of $3.38.
- 10/27/2020
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Asbury Automotive Group Announces All Time Record Third Quarter 2020 Financial Results
- DULUTH, Ga., Oct. 27, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2020 of $96.2 million ($4.96 per diluted share) and adjusted net income (a non-GAAP...
- 10/27/2020
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A Preview Of Asbury Automotive Group's Earnings
- Asbury Automotive Group (NYSE: ABG) releases its next round of earnings this Tuesday, October 27. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.
- 10/26/2020
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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/17/2020
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Tracking David Abrams' Abrams Capital Management Portfolio - Q2 2020 Update
- David Abrams' 13F portfolio value increased this quarter from $2.54B to $3.09B. The number of positions decreased from 22 to 20.
- 08/14/2020
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Moving Average Crossover Alert: Asbury Automotive
- Asbury Automotive is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 08/11/2020
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Pixelworks Reports Second Quarter 2020 Financial Results
- Announces Restructuring to Reduce Operating Expenses by $3.2 Million Annually Anticipates Additional Smartphone Wins to Drive Mobile Revenue Growth in Second HalfSAN JOSE, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the second quarter ended June 30, 2020.Second Quarter and Recent Highlights * Mobile revenue for the first half of 2020 grew 24% year-over-year, driven by increased shipments of Iris visual processing solutions in support of 12 smartphones launched across six OEM customers * GAAP gross margin expanded to 54.6% and non-GAAP gross margin increased to 59.2%, reflecting a combination of ongoing product cost reduction initiates and a favorable product mix * Restructuring plan implemented in August to further reduce operating expenses and minimize cash used from operations, while focusing resources on Mobile growth initiatives * ASUS ROG Phone 3 leverages Pixelworks’ patented high-efficiency color calibration, HDR tone mapping and brightness smoothing features to deliver an exceptional visual experience to mobile gamers * Black Shark incorporated Pixelworks’ 5th generation visual processor with dual-channel MIPI support and color calibration software in the latest cutting-edge gaming smartphone, the Tencent Black Shark 3S * Continued to advance TrueCut® platform initiatives in North America with expanded Hollywood presence and newly opened office in Burbank, California and installation of on-premises TrueCut evaluation tools * Completed successful tape-out of 6th generation Iris visual processor for mobile in advance of planned product introduction during the second half of 2020 * Ended the quarter with $21.4 million in cash and short-term investmentsPresident and CEO of Pixelworks, Todd DeBonis, commented, “Our second quarter results reflected the broad economic impact from the COVID-19 pandemic on all of our target end markets. While our team has continued to do an excellent job of operating effectively in the current environment, the pandemic has significantly impacted customer demand and our business in the Projector and Video Delivery markets. As a result of this negative impact, we have implemented a restructuring to further reduce operating expenses, preserve cash and focus available resources on the largest growth opportunities of our business. We anticipate these actions will generate an incremental $3.2 million in annualized cost savings, while minimizing the impact on our ability to fully support Pixelworks’ customers and advance our new product development.“Despite the current challenging business environment, we have maintained our market-leading position in our respective target end markets, and we’ve continued to execute on our Mobile and TrueCut growth initiatives. In 2020, Pixelworks’ Iris visual processing solutions have been incorporated in 12 smartphones launched across six different OEM customers. We have also sustained a solid pipeline of new programs and are well positioned to build on our momentum in the second half of the year as customers continue to incorporate more advanced displays and premium viewing experiences, including HDR, higher frame rates and auto-adaptive visual enhancements, in conjunction with their introductions of new 5G-enabled smartphones.”Second Quarter 2020 Financial ResultsRevenue in the second quarter of 2020 was $9.3 million, compared to $13.8 million in the first quarter of 2020 and revenue of $18.0 million in the second quarter of 2019. The sequential and year-over-year decline in revenue reflected an ongoing inventory correction in the Projector and Video Delivery market, compounded by significantly lower customer demand due to the negative impacts of the COVID-19 pandemic across each of the Company’s target end markets.On a GAAP basis, gross profit margin in the second quarter of 2020 was 54.6%, compared to 49.2% in the first quarter of 2020 and 52.0% in the second quarter of 2019. Second quarter 2020 GAAP operating expenses were $11.5 million, compared to operating expenses of $12.1 million in the first quarter of 2020 and $11.7 million in the year-ago quarter.For the second quarter of 2020, the Company recorded a GAAP net loss of $6.6 million, or ($0.17) per share, compared to a GAAP net loss of $5.4 million, or ($0.14) per share, in the first quarter of 2020 and a GAAP net loss of $2.4 million, or ($0.06) per share, in the year-ago quarter.On a non-GAAP basis, second quarter 2020 gross profit margin was 59.2%, compared to 52.1% in the first quarter of 2020 and 54.1% in the year-ago quarter. Second quarter 2020 non-GAAP operating expenses were $9.3 million, compared to $9.7 million in the first quarter of 2020 and $9.6 million in the year-ago quarter.For the second quarter of 2020, the Company recorded a non-GAAP net loss of $3.9 million, or ($0.10) per share, compared to a non-GAAP net loss of $2.6 million, or ($0.07) per share, in the first quarter of 2020 and a non-GAAP net loss of $97,000, or ($0.00) per share, in the second quarter of 2019.Adjusted EBITDA in the second quarter of 2020 was a negative $2.9 million, compared to a negative $1.5 million in the first quarter of 2020 and a positive $1.0 million in the year-ago quarter.Cash and cash equivalents and short-term investments increased to $21.4 million in the current quarter from $20.4 million in the first quarter of 2020.Business Outlook The Company’s current business outlook, including guidance for the third quarter of 2020, will be provided as part of the scheduled conference call.Conference Call InformationPixelworks will host a conference call today, August 10, 2020, at 2:00 p.m. Pacific Time, which can be accessed by calling 1-877-359-9508 and using passcode 7672736. A live audio webcast of the call can also be accessed by visiting the Company's investor page at www.pixelworks.com. For those unable to listen to the live webcast, it will be archived for approximately 90 days. A replay of the conference call will also be available through Monday, August 17, 2020, and can be accessed by calling 1-855-859-2056 and using passcode 7672736.About Pixelworks, Inc.Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has a 20-year history of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. Pixelworks is headquartered in San Jose, CA. For more information, please visit the company’s web site at www.pixelworks.com.Note: Pixelworks and the Pixelworks logo are registered trademarks of Pixelworks, Inc.Non-GAAP Financial Measures This earnings release makes reference to non-GAAP gross profit margins, non-GAAP operating expenses, non-GAAP net loss and non-GAAP net loss per share, which exclude gain on sale of patents, inventory step-up and backlog amortization, amortization of acquired intangible assets, stock-based compensation expense, and restructuring expenses, which are all required under GAAP as well as the tax effect of the non-GAAP adjustments. The press release also makes reference to and reconciles GAAP net loss and adjusted EBITDA, which Pixelworks defines as GAAP net loss before interest income and other, net, income tax provision , depreciation and amortization, as well as the specific items listed above.Pixelworks management uses these non-GAAP financial measures internally to understand, manage and evaluate the business and establish its operational goals, review its operations on a period to period basis, for compensation evaluations, to measure performance, and for budgeting and resource allocation. Pixelworks management believes it is useful for the Company and investors to review, as applicable, both GAAP information and non-GAAP financial measures to help assess the performance of Pixelworks’ continuing business and to evaluate Pixelworks’ future prospects. These non-GAAP measures, when reviewed together with the GAAP financial information, provide additional transparency and information for comparison and analysis of operating performance and trends. These non-GAAP measures exclude certain items to facilitate management’s review of the comparability of our core operating results on a period to period basis.Because the Company’s non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial results as presented in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial measures is included in this earnings release which is available in the investor relations section of the Pixelworks' website.Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
- 08/10/2020
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Why Asbury Automotive Group (ABG) Stock Might be a Great Pick
- Asbury Automotive Group (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 08/10/2020
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David Abrams Further Breaks Camp With Camping World Holdings
- Guru continues to trim stake in RV retailer Continue reading...
- 08/06/2020
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Global Automotive Tires e-Retailing Market 2020-2024: Forecasts for Third-Party Suppliers and OEM Suppliers - ResearchAndMarkets.com
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Did Hedge Funds Make The Right Call On Asbury Automotive Group, Inc. (ABG) ?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 08/04/2020
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Top Ranked Momentum Stocks to Buy for August 4th
- Top Ranked Momentum Stocks to Buy for August 4th
- 08/04/2020
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Janney Montgomery Scott LLC Has $1.75 Million Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)
- Janney Montgomery Scott LLC trimmed its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 18.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 22,561 shares of the company’s stock after selling 5,197 shares during the quarter. Janney Montgomery Scott LLC owned about […]
- 08/02/2020
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SunTrust Banks Weighs in on Asbury Automotive Group, Inc.’s Q3 2020 Earnings (NYSE:ABG)
- Asbury Automotive Group, Inc. (NYSE:ABG) – Analysts at SunTrust Banks increased their Q3 2020 EPS estimates for shares of Asbury Automotive Group in a research note issued on Tuesday, July 28th. SunTrust Banks analyst S. Benjamin now expects that the company will earn $2.92 per share for the quarter, up from their prior estimate of […]
- 08/02/2020
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Asbury Automotive Group (NYSE:ABG) Rating Lowered to Hold at Craig Hallum
- Craig Hallum downgraded shares of Asbury Automotive Group (NYSE:ABG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, The Fly reports. They currently have $110.00 target price on the stock, up from their prior target price of $100.00. Several other research firms have also recently weighed […]
- 08/01/2020
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Pixelworks Delivers Captivating Gaming to Tencent Black Shark 3S with Patented Motion Processing
- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of advanced power-efficient visual processing solutions, and Black Shark, a cutting-edge gaming technology company, today announced that the new Tencent Black Shark 3S gaming smartphones integrate the Pixelworks fifth generation visual processor and software. The gaming smartphone features the Company's unique MotionEngine® technology with dual-channel MIPI to support Tencent games with text-over-graphics, Always-HDR mode and auto-adaptive display technology with Active DC Dimming, enabling superior visual quality in all gaming environments.
- 07/31/2020
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The Zacks Analyst Blog Highlights: Asbury Automotive, Artisan Partners, Golden Star and eBay
- The Zacks Analyst Blog Highlights: Asbury Automotive, Artisan Partners, Golden Star and eBay
- 07/30/2020
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Is Asbury Automotive Group (ABG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/30/2020
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Earnings Update: Here's Why Analysts Just Lifted Their Asbury Automotive Group, Inc. (NYSE:ABG) Price Target To US$110
- Asbury Automotive Group, Inc. (NYSE:ABG) last week reported its latest second-quarter results, which makes it a good...
- 07/30/2020
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What Makes Asbury Automotive Group (ABG) a Strong Momentum Stock: Buy Now?
- Does Asbury Automotive Group (ABG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 07/29/2020
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Asbury Automotive Group Inc (ABG) Q2 2020 Earnings Call Transcript
- The press release detailing Asbury's second quarter results was issued earlier this morning and is posted on our website at asburyauto.com. Participating with me today are David Hult, our President and Chief Executive Officer; PJ Guido, our Chief Financial Officer; and Dan Clara, our Senior Vice President of Operations.
- 07/28/2020
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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q2 2020 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG) Q2 2020 Earnings Conference Call July 28, 2020 10:00 AM ET Company Participants Matt Pettoni - Vice President of Finance & Treasurer David Hult - President & Chief Executive Officer Dan Clara - Senior Vice President of Operations PJ Guido - Chief Financial Officer Conference Call Participants Rick Nelson - Stephens John Murphy – Bank of America Ryan Sigdahl - Craig-Hallum Capital Group Armintas Sinkevicius - Morgan Stanley Rajat Gupta - JPMorgan Stephanie Benjamin - SunTrust Bret Jordan - Jefferies David Whiston - Morningstar Presentation Operator Good day, everyone, and thank you for standing by.
- 07/28/2020
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Recap: Asbury Automotive Group Q2 Earnings
- Shares of Asbury Automotive Group (NYSE:ABG) fell 2% after the company reported Q2 results.Quarterly Results Earnings per share were up 5.88% over the past year to $2.52, which beat the estimate of $2.20.Revenue of $1,445,000,000 decreased by 19.90% from the same period last year, which beat the estimate of $1,420,000,000.Looking Ahead Asbury Automotive Group hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Jul 28, 2020View more earnings on ABGTime: 10:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/f6g987psRecent Stock Performance Company's 52-week high was at $123.44Company's 52-week low was at $39.36Price action over last quarter: Up 67.24%Company Description Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company will operate about 91 stores once the Park Place acquisition closes in 2020, with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.See more from Benzinga * Earnings Scheduled For July 28, 2020 * A Look Into Asbury Automotive Group's Price Over Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/28/2020
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Asbury Automotive Group (ABG) Surpasses Q2 Earnings and Revenue Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 2.02% and 2.80%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2020
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Asbury Automotive Group Announces Record Second Quarter 2020 Financial Results
- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the second quarter 2020 of $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52 per diluted share). This compares to net income of $54.9 million ($2.84 per diluted share) and adjusted net income of $45.9 million ($2.38 per diluted share) in the prior year quarter.
- 07/28/2020
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Asbury Automotive Group, Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Asbury Automotive Group, Inc. in conjunction with their 2020 Q2 earnings call..
- 07/28/2020
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Pixelworks Delivers Immersive HDR Gaming and Video Experience to ROG Phone 3
- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced that the recently launched ASUS ROG Phone 3 integrates the Company's patented high-efficiency color calibration, HDR tone mapping and brightness smoothing features to deliver a spectacular visual experience to mobile gamers. In addition, the new smartphone model sold into China will be offered in conjunction with Tencent Games, a division of Tencent, producing vibrant colors with greater contrast and detail for videos as well as support for gaming content from Tencent.
- 07/23/2020
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Asbury Automotive Group (ABG) Reports Next Week: Wall Street Expects Earnings Growth
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/21/2020
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Level Up Your Portfolio With These High Earnings Yield Picks
- The earnings potential of a stock is an important consideration while making investment decisions. This makes the Earnings Yield ratio a handy tool for stock selection.
- 07/21/2020
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Asbury Automotive Group Schedules Release of Second Quarter 2020 Financial Results
- 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 July 28, 2020. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
- 07/16/2020
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Asbury Automotive Group (NYSE:ABG) Stock Rating Lowered by ValuEngine
- Asbury Automotive Group (NYSE:ABG) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday, ValuEngine reports. Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” […]
- 07/16/2020
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Pixelworks to Announce Second Quarter 2020 Financial Results on August 10
- SAN JOSE, Calif., July 16, 2020 -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, will release its second quarter.
- 07/16/2020
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Can Asbury Automotive (ABG) Run Higher on Rising Earnings Estimates?
- Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 07/14/2020
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Should Value Investors Buy Asbury Automotive Group (ABG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/14/2020
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Stocks To Watch: Asbury Automotive Sees Relative Strength Rating Jump To 81
- Asbury Automotive shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 81.
- 07/13/2020
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What Makes Asbury Automotive Group (ABG) a Strong Momentum Stock: Buy Now?
- Does Asbury Automotive Group (ABG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 07/13/2020
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Why Asbury (ABG) Could Be Positioned for a Surge
- Asbury (ABG) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
- 07/13/2020
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Q2 2020 EPS Estimates for Asbury Automotive Group, Inc. Lifted by Analyst (NYSE:ABG)
- Asbury Automotive Group, Inc. (NYSE:ABG) – Equities research analysts at SunTrust Banks increased their Q2 2020 EPS estimates for shares of Asbury Automotive Group in a research report issued to clients and investors on Wednesday, July 8th. SunTrust Banks analyst S. Benjamin now expects that the company will post earnings of $2.50 per share for […]
- 07/13/2020
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Analysts Just Published A Bright New Outlook For Asbury Automotive Group, Inc.'s (NYSE:ABG)
- Asbury Automotive Group, Inc. (NYSE:ABG) shareholders will have a reason to smile today, with the analysts making...
- 07/11/2020
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All You Need to Know About Asbury Automotive (ABG) Rating Upgrade to Strong Buy
- Asbury Automotive (ABG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
- 07/10/2020
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Worm Capital Q2 2020 Investor Letter
- Worm Capital is an investment management firm with a focus on equity-oriented strategies. The fund strategies are designed around the concept of technological disruption and how cutting-edge innovation has the potential to reshape entire industry verticals.
- 07/10/2020
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New Strong Buy Stocks For July 10th
- New Strong Buy Stocks For July 10th
- 07/10/2020
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Top Ranked Growth Stocks to Buy for July 10th
- Top Ranked Growth Stocks to Buy for July 10th
- 07/10/2020
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3 “Strong Buy” Penny Stocks That Could See Outsized Gains
- The market’s roller coaster week has some investor spooked, wondering if the recent bullish streak will hold. They can take heart from JPMorgan strategist Marko Kolanovic, who believes that the bull spirit isn’t gone, and that the S&P; 500 will break out of the 250-point range it has been stuck in since early June. He doesn’t say that the massive gains of April and May will return, but Kolanovic does believe that the index will regain the all-time record levels it saw in mid-February.Kolanovic notes that equities are cheap for now, when compared to bonds, after the effects of the economic stimulus policies. He also points out that the risks – of a second corona wave, or a Joe Biden victory in November – are likely overstated, and that as hedge managers realize this, they will shift funds into the stock market. If the optimists are right, and markets are heading to record highs, then now is the time to prepare your portfolio.And this brings us to penny stocks, those low-cost equities priced below $5 per share – are a high-stakes opportunity with upsides that frequently approach several hundred percent and a low enough cost of entry to mitigate the attendant risk. These companies are priced low for a reason, but for those that break out, the rewards are tremendous.With this in mind, we’ve used the TipRanks database to pinpoint three penny stocks poised for sky-high gains. To minimize the risks, all three combine high ratings from Wall Street’s analysts, and a growth potential of 90% or higher.Pixelworks (PXLW)We’ll start with a player in the semiconductor industry. Pixelworks occupies an important niche in the chip sector. As its name suggests, Pixelworks’ semiconductor and software products are integral in video and pixel processing. The company also provides high-image-quality digital display and projection devices, and owns over 350 patents involved in digital visual display technology.The popularity of online video and streaming services gives a natural opening to company like Pixelworks. The company’s chips are used in several lines of smartphones, including some of Nokia’s new 5G devices.Pixelworks faced headwinds in Q1, due to the coronavirus impact on supply chains and sales networks. Earnings came in at a net loss, of 7 cents per share – but that was a significant beat of the 10-cent net loss forecast. The company was able to manage the headwinds during 1H20. Management reported a strong liquidity position, with over $20 million in cash and cash equivalents available. That number includes a $5.2 million draw from existing credit lines.Given the strength of its services and its $3.10 share price, several members of the Street believe that now is the time to pull the trigger.Roth Capital’s 5-star analyst Sujeeva De Silva states the clear path for Pixelworks going forward: “We believe PXLW represents a differentiated investment opportunity in video display processing capabilities... We believe PXLW nonmobile segments are being impacted in the outlook by continued inventory corrections and demand uncertainty, but expect benefit from mobile ramp through the CY20 timeframe…”De Silva gives PXLW a $6 price target to back his Buy rating. At current levels, this implies an upside of of nearly 95% for the stock. (To watch De Silva’s track record, click here)Wall Street is in agreement with this analysis. Over the last couple of months, PXLW has received nothing but "buy" ratings from Street analysts. With an average price target of $5.92 per share, PXLW could see it's shares rising nearly 92% over the next months. Inspired Entertainment (INSE)Gaming and betting have always made a perfect pair, and the second stock on our list, Inspired Entertainment, is a global gaming technology company. The company designs online games for server-based systems, offering casino-style games, virtual sports, and lottery games around the world. Inspired offers games and terminal for betting shops, pubs, and arcades, along with online digital games.The corona quarter, while challenging for companies across the board, brought a degree of opportunity to Inspired. The company’s online operations were strong, as the lockdown policies kept people at home – and looking for something to do. Online gaming was a natural fit for the time.Meanwhile, the company has been taking strides in its virtual sports segment. Inspired has entered agreements with DraftKings, the major online fantasy league provider, to expand the game options. the company also announced in June a similar agreement with Scientific Games.Against this backdrop, Wall Street believes INSE's long-term growth narrative is strong and that its $2.43 share price reflects the ideal entry point.Roth Capital’s 5-star analyst David Bain believes "INSE’s stock multiple should rerate higher." Bain wrote, "We believe INSE’s online gaming is increasing as a percentage of its business and could represent up to 20% of CY21 EBITDA. With investors valuing Draftkings at nearly 20x CY21 revenue, we believe INSE’s under 4x CY21 EV/EBITDA valuation should be reset."In line with his comments, Bain rates the stock a Buy. His $12 price target indicates a massive upside potential of 393% for the coming year. (To watch Bain’s track record, click here)Overall, with only bullish calls issued in the last three months, the word on the Street is that INSE is a ‘Strong Buy’. Adding to the good news, its $8.50 average price target indicates about 250% upside from current levels. (See INSE stock analysis on TipRanks)Clear Channel Outdoor Holdings (CCO)We focus so much on digital marketing and advertising that the more traditional forms of advertising sometimes get lost in the shuffle. But billboards and posters remain a vital part of most marketing campaigns. Clear Channel Outdoor Holdings, through its subsidiaries, controls a portfolio exceeding 450,000 displays in 31 countries across the Americas, Europe, and Asia. That display portfolio includes over 15,000 digital displays, ranging from small posters to full-size digital billboards.Once again, this is a company that felt heavy pressure in the ‘corona quarter.’ With outdoor traffic heavily reduced, companies cut back on billboards and other public display ads. However, as government authorities, at local, state, and national levels, move toward reopening policies, CCO’s outlook naturally improves. The main headwind of the coronavirus period was a lack of outdoor traffic to see the company’s displays; that is slowly resolving itself with the gradual ‘return to normal.’Currently going for 90 cents apiece, several members of the Street think now is the time to get on boardAmong the bulls is Cowen analyst Lance Vitanza. The analyst wrote, "We remain constructive on the longer-term opportunity in out-of-home advertising which should continue taking share from print, radio and broadcast TV. Our multiple however reflects cheaper asset valuations across the board. The proposed sale of Clear Media should illuminate the attractive implied multiples at which CCO Americas and CCO International ex-China are selling on a sum-of-the-parts basis. We see an emerging rebound for the outdoor advertising industry, though shares could remain under pressure until the COVID-19 impact substantially subsides. But the shares do embed positively-skewed levered optionality, suggesting an Outperform rating at current levels."Vitanza backs his Outperform (i.e. Buy) rating with a $2.20 price target, which indicates his confidence in an impressive 144% upside potential for the coming year. (To watch Vitanza’s track record, click here)Like the other stocks in this article, CCO has a Strong Buy consensus – and it is based on 3 Buy ratings given in recent weeks. The shares have an average price target of $1.90, suggesting a 111% upside from the $0.90 current trading price. (See CCO stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 07/10/2020
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Asbury Automotive's Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Asbury Automotive.
- 07/08/2020
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Is Asbury Automotive Group (ABG) Stock a Solid Choice Right Now?
- Asbury Automotive Group (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 07/07/2020
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Asbury to Buy Park Palace Dealerships, Issues Q2 Updates
- Asbury (ABG) to purchase 12 new vehicle franchises, located in the Dallas and Fort Worth market for $685 million.
- 07/07/2020
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Asbury Automotive Group Announces Acquisition Of Park Place Dealerships And Provides Update On Recent Performance
- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country's largest and most prominent luxury dealer groups for $685 million of goodwill and approximately $50 million for parts, fixed assets, and leaseholds, excluding vehicle inventory.
- 07/06/2020
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Zacks Value Trader Highlights: Asbury Automotive Group, Big Lots, Centene and Gray Television
- Zacks Value Trader Highlights: Asbury Automotive Group, Big Lots, Centene and Gray Television
- 07/06/2020
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Used Car Market Analysis Highlights the Impact of COVID-19- 2020-2024 | Increase in the Launch of New Models of Cars to Boost Growth | Technavio
- The Global Used Car Market will grow by 34.53 mn units during 2020-2024
- 07/06/2020
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6,346 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Acquired by Squarepoint Ops LLC
- Squarepoint Ops LLC purchased a new position in Asbury Automotive Group, Inc. (NYSE:ABG) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,346 shares of the company’s stock, valued at approximately $350,000. A number of other large investors have also modified their holdings of […]
- 07/04/2020
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A Look Into Asbury Automotive Group's Price Over Earnings
- Right now, Asbury Automotive Group Inc. (NYSE: ABG) share price is at $77.60, after a 1.03% drop. Over the past month, the stock went up by 4.51%, but over the past year, it actually decreased by 8.67%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.The stock is currently higher from its 52 week low by 97.15%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Auto & Truck Dealerships stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P; 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of 7.58 in the Auto & Truck Dealerships industry, Asbury Automotive Group Inc. has a higher P/E ratio of 9.28. Shareholders might be inclined to think that Asbury Automotive Group Inc. might perform better than its industry group. It's also possible that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Recap: Asbury Automotive Group Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/30/2020
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Silver Star Motors unveils brand-new Mercedes – AMG GLE 53 4MATIC Coupé
- Beauty, as the saying goes, is in the eye of the beholder. And this certainly holds true for the brand-new 2020 Mercedes-AMG GLE 53 Coupé, which made its grand entrance in Jamaica, during a digital launch, at the Mercedes-Benz Showroom on Wednesday...
- 06/28/2020
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Maverick Capital Ltd. Acquires New Position in Group 1 Automotive, Inc. (NYSE:GPI)
- Maverick Capital Ltd. acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,968 shares of the company’s stock, valued at approximately $574,000. Other institutional investors and hedge funds also recently made changes to […]
- 06/27/2020
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Is Asbury Automotive Group (ABG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/25/2020
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Group 1 Automotive, Inc. (NYSE:GPI) Shares Sold by Balyasny Asset Management LLC
- Balyasny Asset Management LLC trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,561 shares of the company’s stock after selling 4,120 shares during the quarter. Balyasny Asset Management LLC’s holdings in Group […]
- 06/25/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Legal & General Group Plc
- Legal & General Group Plc boosted its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,026 shares of the company’s stock after buying an additional 598 shares during the period. Legal & […]
- 06/24/2020
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Hedge Funds Cashing Out Of Asbury Automotive Group, Inc. (ABG)
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/24/2020
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Two Sigma Investments LP Takes $1.26 Million Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Two Sigma Investments LP bought a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,874 shares of the company’s stock, valued at approximately $1,263,000. Two Sigma Investments LP owned about 0.12% of Asbury Automotive […]
- 06/22/2020
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Here is What Hedge Funds Think About Pixelworks, Inc. (PXLW)
- In this article we will check out the progression of hedge fund sentiment towards Pixelworks, Inc. (NASDAQ:PXLW) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
- 06/22/2020
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The Zacks Analyst Blog Highlights: Asbury Automotive Group, The Buckle, Sportsmans Warehouse, Papa John's International and eBay
- The Zacks Analyst Blog Highlights: Asbury Automotive Group, The Buckle, Sportsmans Warehouse, Papa John's International and eBay
- 06/18/2020
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Record Retail Sales Lift Hopes of V-Shaped Recovery: 5 Picks
- Retail sales account for just under a third of GDP and the biggest monthly jump ever recorded in May will invariably lead to an upward revision of Q2 GDP.
- 06/17/2020
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Canada Pension Plan Investment Board Takes $700,000 Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Canada Pension Plan Investment Board purchased a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,675 shares of the company’s stock, valued at approximately $700,000. Canada Pension Plan Investment Board owned approximately 0.07% of […]
- 06/16/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC
- Grantham Mayo Van Otterloo & Co. LLC decreased its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 14.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,000 shares of the company’s stock after selling 1,200 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Asbury Automotive Group were worth […]
- 06/15/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Global Used Cars Market 2020-2024 | Expanding Vehicle Portfolio of Used Cars Online to Boost Growth | Technavio
- The Global Used Cars Market will grow by 31.91 mn units during 2020-2024
- 06/15/2020
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Earnings Estimates Moving Higher for Asbury Automotive (ABG): Time to Buy?
- Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/11/2020
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State Street Corp Buys 62,519 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)
- State Street Corp grew its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 10.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,773 shares of the company’s stock after purchasing an additional 62,519 shares during the quarter. State Street Corp’s holdings in Asbury […]
- 06/10/2020
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Is Asbury Automotive Group (ABG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/09/2020
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Asbury Automotive Group (ABG) Stock Is Likely On The Edge Of Bankruptcy
- Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]
- 06/09/2020
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5 Cyclical Companies Boosting Book Value
- Asbury Automotive tops the list Continue reading...
- 06/01/2020
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Zacks.com featured highlights include: Delek US, Clearwater Paper, Arrow Electronics, Century Aluminum and Asbury Automotive Group
- Zacks.com featured highlights include: Delek US, Clearwater Paper, Arrow Electronics, Century Aluminum and Asbury Automotive Group
- 06/01/2020
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Rebound Gathers Pace for Emerging Markets
- (Bloomberg) -- Emerging markets are taking heart from the re-opening of virus-battered economies around the world while the rate of infections in some countries shows little sign of easing.Developing-nation stocks and bonds rose for a second month in May and currencies were steady as investors drew comfort from government and central-bank stimulus efforts and optimism a coronavirus vaccine will eventually be developed. JPMorgan Chase & Co.’s measure of implied volatility for currencies has declined for the past five weeks, the longest streak this year.Purchasing managers’ indexes across emerging markets this week may offer clues to whether economies are turning the corner after easing lockdown restrictions. But the spread of the virus is barely letting up. Brazil now has more cases than any country except the U.S., Russia isn’t far behind, and Mexico had its largest single increase in both cases and deaths last week.“A more convincing emerging market-specific recovery will likely require clearer signs of being past the worst moments in countries continuing to see rising cases,” said Morgan Harting, a New York-based money manager at AllianceBernstein, which oversees $542 billion in assets. “We’ve started to see some of the more beaten down parts of the capital markets play catch-up and there’s a great deal of focus on how sustained this trend will be and how broadly it’s felt across emerging markets.”EM Weekly Podcast: U.S.-China Tension, PMI Data, Argentina DebtTension between Washington and Beijing may also weigh on sentiment as the clock ticks down to the November U.S. election, though President Donald Trump stopped short of imposing economic sanctions on China in his speech on Friday. Chinese government officials told state-run agricultural companies to pause imports of some American farm goods as Beijing evaluates the ongoing escalation of tensions.The focus will also be on whether the People’s Bank of China will let the yuan depreciate past the psychologically important 7.20-per-dollar level even after pledging to keep the currency stable during the National People’s Congress, which ended last week.Manufacturing DataChina’s official manufacturing purchasing managers’ index declined to a worse-than-expected 50.6 in May from 50.8 a month earlierThe data indicate that the nation’s recovery from the pandemic shutdowns risks faltering after an initial rebound supported by pent-up demandThe Caixin gauge on manufacturing showed the sector rose back above 50, data showed on Monday. The measure, which is focused more on smaller firms and exporters, strengthened to 50.7. The Caixin survey for services will be out on WednesdayThe offshore yuan briefly touched its record low of 7.1965 last weekA further decline in the offshore yuan will also be negative for emerging markets, according to Alexander Wolf, Hong Kong-based head of Asian investment strategy at JPMorgan Private BankAsia’s factory managers remained downbeat about the world’s trade engines in May, even as battered economies start to re-open across the regionPurchasing managers indexes for South Korea, Japan and Taiwan fell, according to data released by IHS Markit on Monday. Readings for Vietnam, Malaysia, Thailand and the Philippines improved but remained below 50, the dividing line between contraction and expansionAn index measuring South African manufacturing sentiment rose above 50 for the first time in 10 months in May after the country abandoned some lockdown restrictions and signaled its intension to lift others in June. Absa Group Ltd.’s Purchasing Managers’ Index, compiled by the Bureau for Economic Research, rose to 50.2 from 46.1 in AprilRead: Rand’s Speedy Recovery Rally Caught Some Traders By SurpriseThe Polish zloty extended its advance versus the euro, following two weekly gains, as the country’s PMI showed a stronger-than-expected rebound from its April record lowOn Friday, the nation will present official reserves data for MayYields on government bonds dropped to all-time lows last week after the central bank unexpectedly cut borrowing costs for the third time in three monthsRussia’s manufacturing PMI climbed to 36.2 in May from a record low in April The ruble was the best-performing emerging-market currency after the Mexican peso last month as crude recovered more than 40%Argentine Deal?Argentina has until Tuesday to agree on a $65 billion debt-restructuring solution with bondholders after its ninth defaultWhile still at odds over several key issues, the latest changes in the proposals by the government and two groups of creditors published Thursday signal the difference between both sides is narrowing. Argentina is now weighing extending the deadline for its offer beyond June 2, giving the parties more time to reach a deal, according to people with direct knowledge of the matterGovernment tax revenue for May is due on TuesdayTrade, InflationSouth Korea’s exports posted another double-digit decline in May in a sign of continuing pain from the coronavirus pandemic with the auto sector among the worst hit. Overseas shipments fell 24% from a year earlier, the trade ministry said Monday, slightly less than economists forecast. Final first-quarter GDP figures will be released on Tuesday. The won has been Asia’s biggest currency loser this yearInflation figures will be released by South Korea and Indonesia on Tuesday, while those from Thailand, the Philippines and Taiwan will be out on FridayForeign reserves data will be announced by South Korea on Wednesday, while Taiwan, Malaysia, Thailand and the Philippines will report on FridayTurkey’s consumer prices probably held steady at an annual 10.9% rate, data may show Wednesday. Inflation has slowed for two months running, thanks to lower oil prices and an economic slowdown as the country went into a partial lockdown. Still, “demand-driven disinflationary effects will be more prevalent in the second half of the year,” the central bank said last weekThe lira strengthened in May, halting a seven-month losing streakBrazil’s industrial production data from April will be watched on Wednesday for signs the pandemic is weighing on activity. A dramatic decline in output could prompt the central bank to cut interest rates at its next meeting. Despite a comeback in recent weeks, the real is still the world’s worst-performing currency this yearColombia’s central bank will release minutes from its May meeting on Monday, shedding light on a decision to lower borrowing costs. May inflation figures, posted on Friday, are forecast to show a decline from a year earlier as the pandemic and measures to contain it drag on the economyThe Colombia peso outpaced most of its emerging-market peers in May as oil prices climbedA reading of Chile’s April economic activity gauge, planned for Monday, will be watched for clues on how social-distancing measures in some neighborhoods are impacting growthFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/01/2020
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5 Cyclical Companies Boosting Book Value
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Pixelworks Expands Hollywood Presence and Hires Industry Veterans to Lead TrueCut Development Programs
- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced the Company has hired industry veterans Sarah Priestnall and Bruce Harris to lead TrueCut® platform initiatives in North America, specifically targeting Hollywood. Announced in 2019, Pixelworks' award-winning TrueCut platform is the industry's first solution to give filmmakers the ability to creatively fine-tune motion appearance, and to assure consistent delivery of creative intent for motion across all screens. A new, in-depth review of the Pixelworks TrueCut Motion Grading tool can be found here.
- 05/27/2020
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David Abrams Sells O'Reilly Automotive, Buys TransDigm and Energy Transfer
- Guru releases 1st-quarter portfolio Continue reading...
- 05/22/2020
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What Is Asbury Automotive Group's (NYSE:ABG) P/E Ratio After Its Share Price Rocketed?
- Those holding Asbury Automotive Group (NYSE:ABG) shares must be pleased that the share price has rebounded 36% in the...
- 05/21/2020
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10 Biggest Price Target Changes For Monday
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Morgan Stanley Maintains Equal-Weight on Asbury Automotive Group, Raises Price Target to $68
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Abrams Capital Management Buys Moats in March Selloff
- David Abrams made several portfolio changes during the first quarter of 2020 Continue reading...
- 05/15/2020
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Impactive Capital LP Buys Crown Holdings Inc, Advanced Drainage Systems Inc, Frontdoor Inc, ...
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AutoNation, other dealer groups optimistic about a recovery after coronavirus devastates sales
- The nation's largest publicly traded auto retailers are optimistic U.S. vehicle sales will continue to recover after plummeting double digits since mid-March due to the coronavirus pandemic.
- 05/12/2020
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COVID-19 Impact and Recovery Analysis- Used Cars Market 2020-2024 | Expanding Vehicle Portfolio Of Used Cars Online To Boost Growth | Technavio
- The global used cars market size has the potential to grow by 31.91 million units during 2020-2024.
- 05/11/2020
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Asbury Automotive Group's (ABG) CEO David Hult on Q1 2020 Results - Earnings Call Transcript
- Asbury Automotive Group, Inc. (NYSE:ABG) Q1 2020 Earnings Conference Call May 5, 2020 11:00 AM ET Company Participants Matt Pettoni – Vice President-Finance and
- 05/08/2020
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Asbury Automotive Group Inc (ABG) President & CEO David W Hult Sold $986,–…… of Shares
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Industry Moves: Cat Footwear, Valentino, Golden Goose Name New Executives + More
- Who’s in, who’s out, who’s been promoted and hired — find out all the industry moves in one place, brought to you by FN.
- 05/07/2020
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Edited Transcript of ABG earnings conference call or presentation 5-May-20 3:00pm GMT
- Q1 2020 Asbury Automotive Group Inc Earnings Call
- 05/06/2020
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SunTrust Robinson Humphrey Maintains Hold on Asbury Automotive Group, Raises Price Target of $70
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JP Morgan Maintains Neutral on Asbury Automotive Group, Raises Price Target to $76
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Asbury Automotive Group (ABG) Q1 2020 Earnings Call Transcript
- The press release dealing Asbury's first-quarter results was issued earlier this morning and is posted on our website at asburyauto.com. Participating with us today are David Hult, our president and chief executive officer; Dan Clara, our senior vice president of operations; and Matt Pettoni, our vice president of finance and treasurer. Before we begin, I must remind you that the discussion during the call today is likely to contain forward-looking statements.
- 05/06/2020
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Asbury Automotive Group shares are trading higher after the company reported better-than-expected Q1 EPS and sales results.
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Asbury Automotive Group (ABG) Q1 Earnings and Revenues Top Estimates
- Asbury Automotive (ABG) delivered earnings and revenue surprises of 11.80% and 4.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/05/2020
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Recap: Asbury Automotive Group Q1 Earnings
- Shares of Asbury Automotive Group (NYSE:ABG) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 18.18% over the past year to $1.80, which beat the estimate of $1.67.Revenue of $1,607,000,000 lower by 3.83% year over year, which beat the estimate of $1,570,000,000.Looking Ahead Asbury Automotive Group hasn't issued any earnings guidance for the time being.Asbury Automotive Group hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 05, 2020View more earnings on ABGTime: 06:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/utwsip2pRecent Stock Performance 52-week high: $123.44Company's 52-week low was at $39.36Price action over last quarter: down 31.29%Company Profile Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates about 90 stores with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.See more from Benzinga * AMC Networks: Q1 Earnings Insights * Marcus: Q1 Earnings Insights * Recap: Group 1 Automotive Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/05/2020
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Asbury Automotive Group Q1 Adj. EPS $1.800 Beats $1.670 Estimate, Sales $1.607B Beat $1.570B Estimate
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Asbury Automotive Group Q1 EPS $1.800 Beats $1.670 Estimate, Sales $1.607B Beat $1.570B Estimate
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Earnings Scheduled For May 5, 2020
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Asbury Automotive Group (ABG) Q1 Earnings and Revenues Top Estimates
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What Is Asbury Automotive Group's (NYSE:ABG) P/E Ratio After Its Share Price Rocketed?
- Those holding Asbury Automotive Group (NYSE:ABG) shares must be pleased that the share price has rebounded 56% in the...
- 05/03/2020
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Artemis Investment Management LLP Lowers Stock Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Artemis Investment Management LLP decreased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 27.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,194 shares of the company’s stock after selling 33,097 shares during the quarter. Artemis Investment Management […]
- 04/29/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Sees Significant Growth in Short Interest
- Asbury Automotive Group, Inc. (NYSE:ABG) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,370,000 shares, an increase of 17.3% from the March 31st total of 2,020,000 shares. Approximately 12.4% of the company’s shares are sold short. Based on an […]
- 04/29/2020
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Earnings Preview: Asbury Automotive Group (ABG) Q1 Earnings Expected to Decline
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Earnings Preview: Asbury Automotive Group (ABG) Q1 Earnings Expected to Decline
- Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Earnings Preview: Asbury Automotive Group (ABG) Q1 Earnings Expected to Decline
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Large companies' staff cuts add up to 28,000 in Florida, with almost 1,100 in Jacksonville, since March
- Dismissal at work
- 04/27/2020
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Zacks: Brokerages Anticipate Asbury Automotive Group, Inc. (NYSE:ABG) to Post $1.61 Earnings Per Share
- Brokerages predict that Asbury Automotive Group, Inc. (NYSE:ABG) will announce earnings per share of $1.61 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Asbury Automotive Group’s earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.82. Asbury Automotive Group posted […]
- 04/27/2020
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Some Asbury Automotive Group (NYSE:ABG) Shareholders Are Down 31%
- Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more...
- 04/26/2020
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Asbury Automotive Group (NYSE:ABG) Trading Up 7.3%
- Asbury Automotive Group, Inc. (NYSE:ABG) shares were up 7.3% during mid-day trading on Friday . The stock traded as high as $59.24 and last traded at $58.47, approximately 235,270 shares traded hands during trading. A decline of 18% from the average daily volume of 285,967 shares. The stock had previously closed at $54.50. Several research […]
- 04/26/2020
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Denali Advisors LLC Acquires New Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Denali Advisors LLC bought a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,600 shares of the company’s stock, valued at approximately $88,000. Other hedge funds and other institutional investors also […]
- 04/25/2020
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Quantitative Crisis Investing - Part 1 - The Crisis Composite Ranking System
- While crises invoke a sentiment of panic in the market, it has been shown that investing in US small-cap value has outperformed during and after past crises. We
- 04/24/2020
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Asbury Automotive Group, Inc. -- Moody's announces completion of a periodic review of ratings of Asbury Automotive Group, Inc.
- Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Asbury Automotive Group, Inc. New York, April 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Asbury Automotive Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 04/22/2020
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Bear Market Rally, Or Resumption Of 2009 Advance?
- The benchmark US index ran into a formidable cluster of overhead resistance at 2822 to 2856, which represents the August and October 2019 benchmark lows and the 50-day moving average.
- 04/22/2020
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Assenagon Asset Management S.A. Reduces Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Assenagon Asset Management S.A. trimmed its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 75.7% during the first quarter, Holdings Channel reports. The fund owned 33,311 shares of the company’s stock after selling 103,691 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Asbury Automotive Group were worth $1,840,000 as of its […]
- 04/22/2020
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Georgia-based auto group furloughs 243 across eight dealerships in Tampa Bay
- The company also laid off 56 employees at an Orlando dealership, 17 at an Orange City dealership and nine in Deland.
- 04/21/2020
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Asbury Automotive Group Schedules Release of First Quarter 2020 Financial Results
- 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 first quarter financial results before the market opens on May 5, 2020. Asbury will host a conference call later that day at 11:00 a.m. Eastern Time.
- 04/20/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Given Average Rating of "Hold" by Brokerages
- Asbury Automotive Group, Inc. (NYSE:ABG) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average […]
- 04/20/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Nuveen Asset Management LLC
- Nuveen Asset Management LLC increased its position in Asbury Automotive Group, Inc. (NYSE:ABG) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 74,037 shares of the company’s stock after purchasing an additional 432 shares during the period. Nuveen Asset Management LLC owned about 0.38% of […]
- 04/20/2020
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Louisiana State Employees Retirement System Trims Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)
- Louisiana State Employees Retirement System decreased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,310 shares of the company’s stock after selling 1,270 shares during the quarter. Louisiana State […]
- 04/20/2020
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Asbury Automotive Group Schedules Release of First Quarter —…—… Financial Results
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U.S. Paycheck Protection Program Is a Mess. Here’s How We Know.
- Money from the Small Business Administration for the Paycheck Protection Program isn’t going to the businesses it was intended for. The smallest operators are still struggling without any idea of when they can open their doors to the public again.
- 04/19/2020
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Asbury Automotive names Patrick Guido as CFO, effective May 11 ABG;LULU
- Asbury Automotive names Patrick Guido as CFO, effective May 11 ABG LULU
- 04/17/2020
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Asbury Automotive Names Patrick Guido CFO
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Asbury Automotive hires Lululemon's CFO as its CFO, starting May 11
- Auto retailer Asbury Automotive Group Inc. named Patrick Guido as its chief financial officer, effective May 11. Guido comes from yoga gear seller Lululemon Athletica Inc. , which announced late Thursday his departure, effective May 8, after about 2 years with the company. Guido will be paid an annual base salary of $625,000, but has agreed to a temporary 20% base salary cut in light of the impact of the COVID-19 pandemic on the economic environment. Asbury's stock has lost 48.0% over the past three months, while Lululemon shares have declined 13.3% and the S&P; 500 has given up 15.9%.
- 04/17/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Sees Large Growth in Short Interest
- Asbury Automotive Group, Inc. (NYSE:ABG) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,020,000 shares, a growth of 11.4% from the March 15th total of 1,812,600 shares. Approximately 10.6% of the company’s stock are short sold. Based on an average daily trading […]
- 04/17/2020
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Asbury Automotive Group, Inc. Announces Appointment of Patrick Guido as Chief Financial Officer
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5 Guru Stocks With 5-Star Business
- Stocks trading with margin of safety Continue reading...
- 04/16/2020
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5 Guru Stocks With 5-Star Business
- 5 Guru Stocks With 5-Star Business, Stocks: ABG,WWD,NCLH,LII,LAD, release date:Apr 16, 2020
- 04/16/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Artemis Investment Management LLP
- Artemis Investment Management LLP trimmed its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 27.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,194 shares of the company’s stock after selling 33,097 shares during the period. Artemis Investment Management LLP owned […]
- 04/16/2020
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5 Guru Stocks With 5-Star Business
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New Strong Sell Stocks for April 15th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- 04/15/2020
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New Strong Sell Stocks for April 15th
- Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today.
- 04/15/2020
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Asbury Automotive Group (NYSE:ABG) Price Target Raised to $61.00 at Morgan Stanley
- Asbury Automotive Group (NYSE:ABG) had its price target boosted by Morgan Stanley from $51.00 to $61.00 in a research report released on Monday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the stock. Several other equities research analysts have also issued reports on ABG. SunTrust Banks dropped their target price on shares […]
- 04/14/2020
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Asbury Automotive Group (NYSE:ABG) Upgraded by ValuEngine to Sell
- Asbury Automotive Group (NYSE:ABG) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, ValuEngine reports. Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Asbury Automotive Group from an “underweight” rating to a […]
- 04/14/2020
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Asbury (ABG) Gets a Hold Rating from Morgan Stanley
- Morgan Stanley analyst Armintas Sinkevicius maintained a Hold rating on Asbury (ABG) today and set a price target of $61.00. The company's shares closed
- 04/13/2020
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Auto group furloughs over 100 workers at 7 dealerships
- One of the St. Louis region's largest auto dealers has furloughed more than 100 workers locally due to the coronavirus pandemic.
- 04/13/2020
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Alliancebernstein L.P. Has $3.20 Million Stake in Asbury Automotive Group, Inc. (NYSE:ABG)
- Alliancebernstein L.P. decreased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,591 shares of the company’s stock after selling 2,400 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Asbury Automotive Group […]
- 04/13/2020
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Shares of several global auto companies are trading lower amid uncertainty around demand outlook caused by the coronavirus pandemic which has significantly staggered consumer spending and economic activity.
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Time To Worry? Analysts Just Downgraded Their Asbury Automotive Group, Inc. (NYSE:ABG) Outlook
- Market forces rained on the parade of Asbury Automotive Group, Inc. (NYSE:ABG) shareholders today, when the analysts...
- 04/12/2020
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Geode Capital Management LLC Boosts Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)
- Geode Capital Management LLC lifted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,316 shares of the company’s stock after purchasing an additional 19,463 shares during the period. Geode […]
- 04/12/2020
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Q1 2020 EPS Estimates for Asbury Automotive Group, Inc. Lowered by SunTrust Banks (NYSE:ABG)
- Asbury Automotive Group, Inc. (NYSE:ABG) – Analysts at SunTrust Banks reduced their Q1 2020 earnings estimates for shares of Asbury Automotive Group in a research report issued to clients and investors on Tuesday, April 7th. SunTrust Banks analyst S. Benjamin now anticipates that the company will post earnings of $1.35 per share for the quarter, […]
- 04/11/2020
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Asbury Automotive Group Announces Change to a Virtual-Only Meeting Format for 2020 Annual Meeting of Stockholders
- Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), today announced its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be conducted exclusively online by remote communication due to public health concerns regarding COVID-19 and government-recommended and required limits on gatherings and events. A virtual event will assist in protecting the health and safety of the Company's stockholders, employees and the community.
- 04/10/2020
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Asbury Automotive Group Announces Change to a Virtual-Only Meeting Format for —…—… ...
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Asbury Automotive Group (NYSE:ABG) PT Lowered to $47.00
- Asbury Automotive Group (NYSE:ABG) had its price target decreased by equities research analysts at SunTrust Banks from $107.00 to $47.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price objective indicates a potential downside of 13.51% from the company’s previous close. ABG […]
- 04/09/2020
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What Does Asbury Automotive Group, Inc.’s (NYSE:ABG) Share Price Indicate?
- Asbury Automotive Group, Inc. (NYSE:ABG), which is in the specialty retail business, and is based in United States...
- 04/09/2020
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Shares of several companies in the auto dealer space are trading higher amid positive market sentiment. Speculation some coronavirus hotspots leveling off has raised hopes of a return to economic activity, which could mean a rebound in consumer spending.
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Is BEST Inc. (BEST) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/08/2020
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Is Flagstar Bancorp Inc (FBC) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/08/2020
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Ladder Capital Corp (LADR): Are Hedge Funds Right About This Stock?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/08/2020
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Do Hedge Funds Love WillScot Corporation (WSC)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/08/2020
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Hedge Funds Are Betting On Asbury Automotive Group, Inc. (ABG)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P; 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/08/2020
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Shares of several companies in the auto dealer space are trading higher amid positive market sentiment. Speculation some coronavirus hotspots leveling off has raised hopes of a return to economic activity, which could mean a rebound in consumer spending.
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How Sustainable Is This Rally?
- As of today SPX is now testing initial overhead resistance at 2722 to 2729 which represents the March and June 2019 lows.
- 04/07/2020
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Metro Atlanta home buying, selling jolted in coronavirus pandemic
- Home buying and selling in metro Atlanta has swiftly had to change in response to the coronavirus pandemic.
- 04/07/2020
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Automakers Go Into Cash-Preserving Mode to Fight Coronavirus
- With coronavirus concerns dimming earnings and sales prospects, carmakers are resorting to cost-containment initiatives and drawing down their credit lines to preserve cash.
- 04/07/2020
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AQR Capital Management LLC Raises Stock Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)
- AQR Capital Management LLC boosted its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,006 shares of the company’s stock after buying an additional 2,258 shares during the period. AQR Capital Management […]
- 04/07/2020
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Dealmakers Look Beyond Coronavirus Crisis for M&A Opportunities
- (Bloomberg) — In the past seven days, a higher volume of deals has fallen apart than been announced. The stark statistic, aggravated by Xerox Holdings Corp. ending its hostile $35 billion bid…
- 04/07/2020
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Dealmakers Look Beyond Coronavirus Crisis for M&A Opportunities
- (Bloomberg) -- In the past seven days, a higher volume of deals has fallen apart than been announced. The stark statistic, aggravated by Xerox Holdings Corp. ending its hostile $35 billion bid for HP Inc., sums up dealmaking in the age of the coronavirus: companies dogged by uncertainty and faced with
- 04/07/2020
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SunTrust Robinson Humphrey Maintains Hold on Asbury Automotive Group, Lowers Price Target to $47
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Metro Atlanta-based auto dealership group furloughs 2,300, cuts pay
- Atlanta area-based Asbury Automotive, one of the largest U.S. car dealership groups, has furloughed workers and reduced pay amid the pandemic.
- 04/06/2020
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Profund Advisors LLC Has $221,000 Position in Asbury Automotive Group, Inc. (NYSE:ABG)
- Profund Advisors LLC lowered its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,977 shares of the company’s stock after selling 500 shares during the quarter. Profund Advisors LLC’s […]
- 04/06/2020
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Big Atlanta auto chain furloughs 2,300, cuts pay for execs and all employees
- Asbury Automotive Group says it has experienced a sudden and significant decline in its sales and service business as a result of the COVID-19 pandemic.
- 04/06/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Cubist Systematic Strategies LLC
- Cubist Systematic Strategies LLC boosted its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 125.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,035 shares of the company’s stock after purchasing an additional 4,476 shares during the period. Cubist […]
- 04/06/2020
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AutoNation, other public dealer groups furlough thousands of workers due to coronavirus
- Automotive retailers are cutting executive pay and laying off or furloughing thousands of workers as U.S. auto sales plummet amid the coronavirus pandemic.
- 04/03/2020
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The Presidio Group Hires Stephane Ferri as Principal
- THE PRESIDIO GROUP HIRES STEPHANE FERRI AS PRINCIPAL
- 04/03/2020
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Brokerages Anticipate Asbury Automotive Group, Inc. (NYSE:ABG) Will Post Quarterly Sales of $1.71 Billion
- Wall Street analysts expect Asbury Automotive Group, Inc. (NYSE:ABG) to report $1.71 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Asbury Automotive Group’s earnings, with the lowest sales estimate coming in at $1.66 billion and the highest estimate coming in at $1.77 billion. Asbury Automotive Group posted sales […]
- 04/03/2020
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The Kerrigan Index Drops to 2012 Levels as Auto Retailers Underperform in Wake of COVID-19
- Kerrigan Advisors, in the wake of the global economic shock caused by the coronavirus disease (COVID-19), has released The Kerrigan Index™ as of March 31, 2020, which is comprised of the seven publicly-traded auto retailers. When taken in context with Kerrigan Advisors' just-released 2019 Blue Sky
- 04/01/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Stock Holdings Increased by Advisor Group Inc.
- Advisor Group Inc. grew its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 111.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,464 shares of the company’s stock after buying an additional 772 shares during the period. Advisor […]
- 04/01/2020
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The Used Car Market is expected to grow by USD 4.25 bn during 2020-2024, progressing at a CAGR of 2% during the forecast period
- New York, March 31, 2020 -- Reportlinker.com announces the release of the report "Used Car Market In US 2020-2024" - https://www.reportlinker.com/p02979035/?utm_source=GNW Our.
- 03/31/2020
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Asbury Automotive Group, Inc. (NYSE:ABG) Analysts Are Reducing Their Forecasts For This Year
- The latest analyst coverage could presage a bad day for Asbury Automotive Group, Inc. (NYSE:ABG), with the analysts...
- 03/31/2020
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Ackerman Capital Advisors LLC Makes New Investment in Asbury Automotive Group, Inc. (NYSE:ABG)
- Ackerman Capital Advisors LLC acquired a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,200 shares of the company’s stock, valued at approximately $246,000. Other hedge funds and other institutional investors also […]
- 03/31/2020
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The Global Used Car Market is expected to grow by 34.53 mn units during 2020-2024, progressing at a CAGR of 6% during the forecast period
- Global Used Car Market 2020-2024 The analyst has been monitoring the global used car market 2020-2024 and it is poised to grow by 34.53 mn units during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on global used car market 2020-2024 provides a holistic analysis, market
- 03/30/2020
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Asbury (ABG) Gets a Hold Rating from Morgan Stanley
- Morgan Stanley analyst Armintas Sinkevicius maintained a Hold rating on Asbury (ABG) today and set a price target of $51.00. The company's shares closed
- 03/30/2020
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