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Asbury Automotive Group Inc (ABG) [hlAlert]

Rating:
Hold ABG

Asbury Automotive Group Inc (ABG) rated Hold by Craig Hallum

Posted on: Wednesday,  Feb 20, 2013  9:25 AM ET by Craig Hallum

Asbury Automotive Group Inc
(NYSE: ABG) rated Hold by Craig Hallum.

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.

Craig Hallum
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/12/2016 10:25 AM Hold
None
54.51
as of 12/13/2013
1 Week down  -1.01 %
1 Month up  2.17 %
3 Months down  -1.67 %
1 YTD up  31.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/25/2013 8:25 AM Buy
None
39.25
2/20/2013 9:25 AM Hold
None
34.97

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