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Rating: ABG

Asbury Automotive Group Inc (NYSE: ABG) downgraded to Hold by Craig Hallum

Tuesday,  Jan 12, 2016  10:25 AM ET by Lynn Gilbert

Craig Hallum downgraded Asbury Automotive Group Inc (NYSE: ABG) to Hold.
Previously, Craig Hallum rated Asbury Automotive Group Inc (NYSE: ABG) to Buy on 04/25/2013, when the stock price was valued at $39.25.

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

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