ABG stock: buy or sell?

ABG stock price: $100.93 0.44% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Asbury Automotive closed yesterday at $100.93 and raised a slightly fine 0.44%.

Should I buy ABG stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Asbury Automotive stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Asbury Automotive stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we detected 6 ratings published for ABG stock in the last 30 days.

Is ABG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-13Bank of AmericaBuyNeutral
2019-8-2Morgan Stanleyn/aEqual Weight
2019-7-9JPMorgan Chase & Co.n/aNeutral
2019-7-29Craig Hallumn/aBuy
2019-5-6Morgan Stanleyn/aEqual Weight
2019-2-19JPMorgan Chase & Co.n/aNeutral

ABG stock analysis

Daily outlook

Asbury Automotive shares raised 0.44% to $100.93 yesterday.

Asbury Automotive raised a slightly fine 0.44% and closed at $100.93. From a daily outlook perspective, ABG is drawing an uptrend of rising tops and rising bottoms. Since its last top on Sep 11th at $103.92, price slid and bounced up back from $97.66. Breaking down under $97.66 would cancel the current uptrend and it might slide further to test lower supports. Note that $103.92 might act as a resistance line. Trading the long side, we should wait to a new breakout over $103.92 to find the next buy point. On September 11th, ABG hit new all time highs, pushing higher previous ATH of $101.84 recorded on Sep 10th. New ATHs are usual entry points for many trading setups as there aren't higher resistences. On June ABG price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

ABG stock chart (daily)

Weekly outlook

Asbury Automotive shares grew 0.60% this week, ending at $100.93. This week was the fourth green week in a row. Late August ABG rocketed an astounding 5.90% in just one week.

Asbury Automotive stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ABG might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Asbury Automotive marked last week. Since late April when SMA20w and SMA40w crossed up, ABG price gained $25.28 per share (33.42%). Late March ABG price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

ABG stock chart (weekly)

ABG stock price history

ABG stock went public on March 21st, 2002 with a price of $14.031. Since then, ABG stock surged a 619.40%, with an average of 36.40% per year. If you had invested right after ABG's IPO a $1,000 in ABG stock in 2002, it would worth $6,194.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ABG stock historical price chart

ABG stock reached all-time highs on September 11th with a price of $103.92.

ABG stock price target is $92.40

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 5 price predictions for ABG stock:
ABG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-2Morgan StanleyRaises Target$86.00$95.0010.5%
2019-7-9JPMorgan Chase & Co.Raises Target$85.00$88.003.5%
2019-7-29Craig HallumReiterates$90.00$110.0022.2%
2019-5-6Morgan StanleyRaises Target$85.00$87.002.4%
2019-2-19JPMorgan Chase & Co.Initiatesn/a$82.00-
(in average)$86.50$92.407.0%
Moving in a range from $110.00 and $82.00, the price target for Asbury Automotive stock is $92.40. In average, analysts' outlook on ABG price forecast is positive, upgrading the forecast by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Asbury Automotive reported beatiful results for 2018-Q4 on February. Asbury Automotive gained Earnings per Share (EPS) by 6.30%, beating experts estimates of $2.07. Asbury Automotive posted $2.20.
ABG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.52n/a
2017-Q32017-10-241.511.48-2.0%
2017-Q42018-02-061.591.8113.8%
2018-Q12018-04-241.831.935.5%
2018-Q22018-07-241.952.086.7%
2018-Q32018-10-231.852.2119.5%
2018-Q42019-02-062.072.26.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an excellent increase of 6.47% to $6,874.40 M dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) remained stable a 0.29% to 2.44%.

ABG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$5,330 M-$101 M1.9%-
2014$5,868 M10.09%$112 M1.9%10.39%
2015$6,588 M12.28%$169 M2.6%51.61%
2016$6,528 M-0.92%$167 M2.6%-1.18%
2017$6,457 M-1.09%$139 M2.2%-16.81%
2018$6,874 M6.47%$168 M2.4%20.78%

Quarterly financial results

Asbury Automotive posted $1,784.20 million in revenues for 2018-Q4, a 1.52% improvement compared to previous quarter. Reported quarter earnings marked $40.40 million with a profit margin of 2.26%. Profit margin stayed stable a -0.26% compared to previous quarter when profit margin was 2.52%. When comparing turnover to same quarter last year, Asbury Automotive sales marked a very good gain and rose a 6.78%. Looking back to recent quarterly results, Asbury Automotive posted 3 positive quarters in a row.
ABG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,630 M-$32 M2.0%-
2017-Q3$1,600 M-1.84%$31 M1.9%-3.76%
2017-Q4$1,671 M4.43%$43 M2.5%38.44%
2018-Q1$1,609 M-3.69%$40 M2.5%-5.65%
2018-Q2$1,724 M7.11%$43 M2.5%7.73%
2018-Q3$1,757 M1.96%$44 M2.5%2.55%
2018-Q4$1,784 M1.52%$40 M2.3%-8.80%
2019-Q1$1,671 M-6.36%$41 M2.4%1.24%

Asbury Automotive ownership

When you are planning to invest in a company, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Asbury Automotive, 2.17% of all outstanding shares are owned by its staff.

Bearish positions for ABG stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related stocks:

ABGANCPRTCRMTGPI
Market cap$2.0 B$4.5 B$18.9 B$619.0 M$1.6 B
Total shares19.4 M89.1 M229.1 M6.7 M18.6 M
Float shares17.2 M60.0 M200.5 M6.2 M15.7 M
  - Institutional holdings (%)109.4%87.1%86.9%74.9%106.4%
  - Insider holdings (%)2.2%13.6%12.9%8.2%6.8%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ABG summary

Friday, September 20th, 2019
Open$100.49
Close$100.93
Day range$100.09 - $101.94
Previous close$100.49
Session gain0.44%
Average true range$2.68
50d mov avg$92.53
100d mov avg$86.41
200d mov avg$78.17
Daily patternlb03a
Weekly pattern lt06a

Asbury Automotive performance

To better understand Asbury Automotive performance you must becnhmark its gains with other related stocks in same sector or industry. For Asbury Automotive, the benchmark is made against AutoNation, Copart, America's Car-Mart, Group 1 Automotive, CarMax, Lithia Motors, Penske Automotive, Rush Enterprises and Sonic Automotive.
Stock3m6m12m
ABGAsbury Automotive23.46%50.89%39.70%
ANAutoNation18.79%50.46%13.79%
CPRTCopart11.69%39.38%57.06%
CRMTAmerica's Car...8.70%8.15%19.54%
GPIGroup 1 Automotiv...11.33%43.82%23.47%
KMXCarMax-1.18%37.32%8.26%
LADLithia Motors9.38%52.14%50.58%
PAGPenske Automotive-1.93%9.46%-5.82%
RUSHARush Enterprises11.02%-3.34%-5.83%
SAHSonic Automotive27.54%109.67%40.50%

Asbury Automotive competitors

We chose a few stocks to conform a list of Asbury Automotive competitors to review if you are interested in investing in ABG: