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Asbury Automotive Group Inc (ABG) [hlAlert]

Rating:
Overweight
ABG
up 355.37 %

Asbury Automotive Group Inc (ABG) upgraded to Overweight by JP Morgan

Posted on: Friday,  May 16, 2008  9:25 AM ET by JP Morgan

JP Morgan rated Overweight Asbury Automotive Group Inc (NYSE: ABG) on 05/16/2008, when the stock price was $17.59.
Since then, Asbury Automotive Group Inc has gained 355.37% as of 01/27/2016's recent price of $80.10.
If you would have followed this JP Morgan's recommendation on ABG, you would have gained 355.37% of your investment in 2812 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2008 9:25 AM Buy
None
17.59
as of 12/24/2008
1 Week up  10.95 %
1 Month up  88.40 %
3 Months up  125.43 %
1 YTD down  -31.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/22/2008 8:25 AM Hold
None
14.47

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