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Asbury Automotive Group Inc (ABG) [hlAlert]

down 63.54 %

Asbury Automotive Group Inc (ABG) rated Underweight by Morgan Stanley

Posted on: Wednesday,  Sep 12, 2012  8:25 AM ET by Morgan Stanley

Morgan Stanley rated Underweight Asbury Automotive Group Inc (NYSE: ABG) on 09/12/2012, when the stock price was $29.20.
Since then, Asbury Automotive Group Inc has gained 174.32% as of 01/27/2016's recent price of $80.10.
If you would have followed this Morgan Stanley's recommendation on ABG, you would have lost 63.54% of your investment in 1232 days.

Asbury Automotive Group, Inc. (Asbury) is an automotive retailer in the United States. It offers customers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, replacement parts, new and used vehicle financing, and the sale of warranty, insurance and extended service contracts. During the year ended December 31, 2008, the Company operated 115 franchises at 87 dealership locations. The retail network is organized into two regions, east and west, and includes nine locally branded dealership groups. It includes Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, California Dealerships, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company. As of December 31, 2008, Asbury operated dealerships in 22 metropolitan markets throughout the United States.

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2012 8:25 AM Sell
as of 12/31/2012
1 Week down  -3.18 %
1 Month down  -6.09 %
3 Months down  -14.59 %
1 YTD down  -9.69 %

(*) Stock Price at the time of the recommendation.
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