ABG Asbury Automotive Group, Inc. featured news, full reports, and detailed charts
Asbury Automotive Group, Inc. (ABG) Wrap Up:
Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers various automotive products and services, including new and used vehicles and related financing; vehicle maintenance and repair services; replacement parts; and warranty, insurance, and extended service contracts. The company?s new vehicle sales comprise the sale of new vehicles, including light vehicles and heavy trucks to individual retail customers and commercial customers. Its used vehicle sales include the sale of used vehicles to individual retail customers and other dealers at auction. It arranges for the financing of the sale or lease of new and used vehicles to customers through third party vendors. As of December 31, 2008, the company operated 115 franchises at 87 dealership locations and 25 collision repair centers. Asbury Automotive Group was founded in 1995 and is headquartered in Duluth, Georgia.Asbury Automotive Group, Inc. (ABG:NYSE)
Snapshot of Asbury Automotive Group, Inc. (ABG)
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OPEN
$9.56
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PREVIOUS CLOSE
$9.63
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DAY HIGH
$9.80
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DAY LOW
$9.48
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52 WEEK HIGH
09/15/09 - $14.95
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52 WEEK LOW
03/16/09 - $1.60
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MARKET CAP
314.7M
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AVERAGE VOLUME 3 mo
316.7K
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DILUTED EPS TTM
$-10.63
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SHARES OUTSTANDING
32.3M
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EX-DATE
03/31/09
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P/E TTM
NM
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for Asbury Automotive Group, Inc. (ABG)
Asbury Automotive Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from operations of $27.9 million, income before income taxes of $13.8 million, income from continuing operations of $9.5 million or $0.29 diluted per share, net income of $7.4 million or $0.22 diluted per share on total revenues of $983.0 million against income from operations of $29.5 million, income before income taxes of $9.4 million, income from continuing operations of $6.9 million or $0.21 diluted per share, net income of $5.5 million or $0.17 diluted per share on total revenues of $1,119.4 million for the same period a year ago. The drop in third quarter 2009 revenues driven primarily by lower new vehicle sales. For the nine months, the company reported income from operations of $68.1 million, income before income taxes of $25.2 million, income from continuing operations of $16.7 million or $0.51 diluted per share, net income of $13.2 million or $0.40 diluted per share on total revenues of $2,711.4 million against income from operations of $96.6 million, income before income taxes of $42.5 million, income from continuing operations of $27.3 million or $0.85 diluted per share, net income of $26.0 million or $0.80 diluted per share on total revenues of 3,502.2 million for the same period a year ago.
Asbury Automotive Group Inc. reported CapEx for the year to date September 30, 2009. For CapEx, the company has spent $6.1 million year-to-date and on track to achieve the $10 million target the company set for 2009. The company is targeting a CapEx budget of $25 million for 2010.
On October 21, 2009, the Board of Directors of the Asbury Automotive Group Inc. amended the Amended and Restated By-Laws of the company. The amendments clarify the procedures to be followed, and the type of information that must be included, with respect to a stockholder notice relating to director nominees or other business and, in some cases, expand the disclosure requirements in connection with making a stockholder proposal.
ABG Competitors
| Company | Last | Change |
| Autonation Inc | $17.78 USD | -0.25 |
| Group 1 Automotive, Inc. | $26.48 USD | -0.56 |
| Lithia Motors Inc | $8.00 USD | -0.01 |
| Penske Automotive Group Inc | $15.69 USD | +0.05 |
| Sonic Automotive Inc | $9.02 USD | -0.19 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ABG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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ABG |
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ABG transactions
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Target | |
| No transactions in the last 6 months. | ||