ABG Similar Chart Price Prediction
The price of ABG is predicted to go up 0.25%, based on the high correlation periods with ZTS. The similarity of these two price pattern on the periods is 98.66%.
ABG
ZTS
Up: 0.25%Similarity: 98.66%
ABG Revenue Forecast
ABG EPS Forecast
ABG FAQs
What is bull’s view on ABG?
What is bear's view on ABG?
What is ABG revenue forecast for next quarter？
What is ABG eps forecast for next quarter？
ABG VS S&P500
The firm's product mix, weighted toward import and luxury brands, brings more affluent consumers to the dealership, which partially mitigates the sales decline during cyclical downturns that auto sales typically experience. Most Clicklane digital customers are also of a higher credit quality and wealth than the company had in the past.
Auto dealerships are moaty businesses that can maintain a narrow range of operating margins regardless of economic conditions.
Sizable dealership companies enjoy economies of scale, albeit limited ones.
ABG Analyst's Forecast
Rajat Gupta
JP Morgan
Hold
2025-01-17
Price Target
$260 → $255
Upside
+4.31%
JPMorgan lowered the firm's price target on Asbury Automotive to $255 from $260 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the franchise auto dealerships. Franchise dealers on average have had a strong start to 2025, sustaining outperformance since the U.S. presidential elections, the analyst tells investors in a research note. The firm says immediate fundamentals have been supportive with sharp recovery in industry volumes, while inventory levels and pricing have remained stable. As such, it increased Q4 earnings estimates for the group to reflect the strong pickup in new and used sales, as well as slower than expected inventory build.
Glenn Chin
Seaport Global
Strong Buy → Hold
2024-11-12
Price Target
n/a
Downside
0%
Rajat Gupta
JP Morgan
Hold
2024-11-05
Price Target
$265 → $260
Upside
+7.89%
