Kestra Advisory Services LLC Invests in Asbury Automotive Group,

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The company comprises of both new and used vehicle sales, parts, service, and body shop operations. The company is publicly traded on the New York Stock Exchange under the ticker symbol ABG, and its market capitalization is over $2 billion. With the help of Kestra Advisory Services LLC’s investment, Asbury Automotive ($NYSE:ABG) Group, Inc. can continue to expand its operations and become even more successful. Kestra Advisory Services LLC’s investment in Asbury Automotive Group, Inc. shows a strong commitment to the future of the company and its growth potential.

This move has the potential to impact not just the automotive sector but also the entire economy as a whole. The investment is sure to be beneficial for both Kestra Advisory Services LLC and Asbury Automotive Group, Inc., as it will provide additional resources for long-term growth for the company.

Share Price

On Wednesday, the company’s stock opened at $195.7 and closed at $191.8, representing a 2.2% decline from its previous closing price of $196.1. Asbury Automotive Group is one of the largest automotive retail and service companies in the United States. The company also owns and operates Finance & Insurance businesses that serve customers and dealerships throughout the country. With its strategic investments, Kestra Advisory Services is looking to capitalize on the growth potential of Asbury Automotive Group’s automotive retail sector. The investment provides an opportunity for Kestra Advisory Services to support Asbury Automotive Group’s plan to expand its operations and create opportunities for its customers and employees.

The financial services firm is confident that the car dealership group will continue to be a leader in the automotive retail industry. With its investment, Kestra Advisory Services is optimistic that Asbury Automotive Group will be able to capitalize on the growth potential in the automotive retail sector. 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

At GoodWhale, we have analyzed ASBURY AUTOMOTIVE‘s financials and come to the conclusion that they are a medium risk investment. This means that there are both positive and negative aspects to their financial and business performance, but the overall risk isn’t too high. We have detected one risk warning in their income sheet, but to check this out in more detail, you’ll need to become a registered user at GoodWhale. In the meantime, you can use our analysis to get an idea of the overall risk associated with ASBURY AUTOMOTIVE. 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

Kestra Advisory Services LLC, a top investment advisory firm, has recently purchased a position in Asbury Automotive Group, Inc. (NYSE:ABG). Asbury is a leading automotive retailer in the United States, offering new and used vehicles, vehicle service and repair, and vehicle parts and accessories. The firm’s analysis suggests that Asbury has solid fundamentals and significant potential for growth in the coming years.

The company is well-positioned to capitalize on the increasing demand for automotive services due to its strong market presence, efficient operating model, and attractive financials. Kestra has identified Asbury as an attractive investment opportunity and expects the company to deliver attractive returns in the future.