Asbury Automotive Stock Fair Value – Citigroup Increases Investment in Asbury Automotive Group,

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The company is known for providing superior service in the automotive retail, service, finance, and insurance industries, and its recent partnership with Citigroup is sure to bring it to greater heights. Citigroup Inc., one of the world’s largest banks, has invested heavily in Asbury Automotive ($NYSE:ABG)’s stock holdings. This investment should prove to be beneficial for both companies, as it will bolster Asbury Automotive’s already-impressive portfolio and provide a solid foundation for future growth and success. The additional capital should allow Asbury Automotive to make strategic investments that can help it expand its operations and increase its market share.

Asbury Automotive is dedicated to providing excellent customer service and industry-leading products and services to its customers. With the additional investment from Citigroup Inc., Asbury Automotive is poised to become a leading player in the automotive industry and become an even bigger force in the marketplace.

Market Price

Citigroup Inc. announced on Monday that it has increased its investment in Asbury Automotive Group, Inc. As a result of this news, ASBURY AUTOMOTIVE stock opened at $208.0 and closed at $207.5, down by 1.1% from its previous closing price of 209.8. This decline was due to investors being uncertain of the implications of the increased investment from Citigroup Inc. for the company. Analysts anticipate that the increased investment will help to strengthen Asbury Automotive’s balance sheet, which will in turn lead to improved performance in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Asbury Automotive. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Asbury Automotive. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Asbury Automotive. More…

Key Ratios Snapshot

Some of the financial key ratios for Asbury Automotive are shown below. More…

Analysis – Asbury Automotive Stock Fair Value

At GoodWhale, we specialize in helping investors analyze the fundamentals of ASBURY AUTOMOTIVE. After conducting a thorough assessment, we believe that the fair value of ASBURY AUTOMOTIVE’s share is around $238.3 according to our proprietary Valuation Line. This is based on current market conditions, financial statements, and other factors. At the moment, ASBURY AUTOMOTIVE stock is being traded at $207.5, which is a fair price but nonetheless undervalued by 12.9%. This could present an opportunity for investors to purchase ASBURY AUTOMOTIVE shares at a discount. Our assessment indicates that the stock has potential for future growth and could be a solid long-term investment. More…

Peers

Asbury Automotive Group Inc, Sonic Automotive Inc, Group 1 Automotive Inc, and Penske Automotive Group Inc are all competing for market share in the automotive retail industry. All four companies have a nationwide footprint and are considered the top-tier automotive retailers in the United States.

– Sonic Automotive Inc ($NYSE:SAH)

Sonic Automotive, Inc. is a leading automotive retailer in the United States. The company operates over 150 dealerships in 14 states. Sonic Automotive is a publicly traded company on the NASDAQ stock exchange under the ticker symbol SAH. The company’s headquarters is in Charlotte, North Carolina.

Sonic Automotive’s market capitalization is $1.67 billion as of 2022. The company’s return on equity is 32.11%. Sonic Automotive is a leading automotive retailer in the United States. The company operates over 150 dealerships in 14 states. Sonic Automotive is a publicly traded company on the NASDAQ stock exchange under the ticker symbol SAH. The company’s headquarters is in Charlotte, North Carolina.

– Group 1 Automotive Inc ($NYSE:GPI)

Group 1 Automotive Inc is a publically traded company that operates in the automotive retail industry. The company operates through three segments: the United States, the United Kingdom, and Brazil. The company operates over 200 automotive dealerships, which sell 30 different brands of automobiles. The company has a market cap of 2.46B as of 2022 and a return on equity of 33.54%.

– Penske Automotive Group Inc ($NYSE:PAG)

Penske Automotive Group Inc is an American multinational transportation services company. It is headquartered in Bloomfield Hills, Michigan and operates in the retail automotive industry. The company operates over 3,300 automobile dealerships and auto service outlets in the United States, Canada, and Europe.

Penske Automotive Group Inc had a market capitalization of 7.85 billion dollars as of 2022. The company had a return on equity of 29.56%. The company operated over 3,300 automobile dealerships and auto service outlets in the United States, Canada, and Europe.

Summary

Citigroup Inc. recently increased its holdings in Asbury Automotive Group, Inc. (NYSE:ABG). This indicates a positive sentiment from institutional investors about the company’s stock performance. Analysts noted that Asbury Automotive has a strong balance sheet and a healthy financial position which is attractive to investors.

An increase in consumer demand has resulted in improved sales trends for Asbury Automotive, while strong cost management and a focus on operational efficiency have supported their earnings growth. Overall, with its strong financial performance and potential for growth, Asbury Automotive appears to be an attractive investment opportunity.