Asbury Automotive Group Inc. (NYSE:ABG) previous close was $173.50 while the outstanding shares total 19.30M. The firm has a beta of 1.73, a 12-month trailing P/E ratio of 10.03, and a growth ratio of 0.54. ABG’s shares traded lower over the last trading session, losing -2.08% on 06/17/21. The shares fell to a low of $168.70 before closing at $169.89. Intraday shares traded counted 0.52 million, which was -224.49% lower than its 30-day average trading volume of 161.19K. The stock’s Relative Strength Index (RSI) is 30.97, with weekly volatility at 3.23% and ATR at 6.42. The ABG stock’s 52-week price range has touched low of $71.96 and a $216.88 high.
Investors have identified the Auto & Truck Dealerships company Asbury Automotive Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.25 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Asbury Automotive Group Inc. (ABG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ABG, the company has in raw cash 27.8 million on their books with 36.4 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.32 billion total, with 1.05 billion as their total liabilities.
ABG were able to record 194.1 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by 26.4 million. In cash movements, the company had a total of 210.8 million as operating cash flow.
Potential earnings growth for Asbury Automotive Group Inc. (ABG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, Asbury Automotive Group Inc. recorded a total of 2.19 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 26.7% coming in sequential stages and their sales for the 07/27/2021 quarter reducing by -1.87%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.81 billion trying to sell their products during the last quarter, with the result yielding a gross income of 382.7 million. This allows shareholders to hold on to 19.30M with the recently reported earning now reading 4.81 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (4.68 cents a share).
Having a look at the company’s valuation, the company is expected to record 17.19 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ABG sounds very interesting.
Is the stock of ABG attractive?
In related news, 10% Owner, ABRAMS CAPITAL MANAGEMENT, L.P bought 3 shares of the company’s stock in a transaction that recorded on Apr 09. The purchase was performed at an average price of 196.13, for a total value of 588. As the purchase deal closes, the SVP, GC & Secretary, Villasana George A now sold 4,178 shares of the company’s stock, valued at 773,724. Also, SVP, Operations, Clara Daniel sold 5,600 shares of the company’s stock in a deal that was recorded on Mar 11. The shares were cost at an average price of 185.50 per share, with a total market value of 1,038,800. Following this completion of disposal, the SVP & CHRO, Milstein Jed now holds 2,000 shares of the company’s stock, valued at 320,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
5 out of 9 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Asbury Automotive Group Inc.. 0 analysts has assigned a Sell rating on the ABG stock. The 12-month mean consensus price target for the company’s shares has been set at $227.14.