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Asbury Automotive Group Inc (ABG) [hlAlert]

Rating:
Hold ABG

Asbury Automotive Group Inc (ABG) rated Hold by Stifel Nicolaus

Posted on: Friday,  Sep 23, 2011  8:25 AM ET by Stifel Nicolaus

Asbury Automotive Group Inc
(NYSE: ABG) rated Hold by Stifel Nicolaus.

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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/23/2011 8:25 AM Hold
None
15.96
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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