Asbury Automotive Group (ABG) Update – October 7, 2026
Stock Performance
- Closing Price: USD 167.77 (down 1.17% from prior close)
- Market Capitalization: USD 3.1 billion
- 52-Week Range: USD 165.84 – 258.75
- Trading Volume: 287,180 shares
Analyst Insights
- UBS Action: Price target cut to USD 193 from USD 250 while maintaining a Neutral rating.
- Earnings Estimates: UBS forecasts Q3 and 2027 earnings to be 7% and 6% below consensus, respectively. Key factors include:
- Slower growth in parts and service.
- Increased selling, general, and administrative expenses.
- Rising gross costs and floor plan interest.
Financial Results
- Q2 2026 Adjusted EPS: USD 6.82 (beat consensus of USD 6.31 by USD 0.51).
- Revenue: USD 4.38 billion (missed expectation of USD 4.49 billion), marking a 0.3% year-over-year increase.
- Comparison to Previous Year: Last year’s adjusted EPS was USD 7.43, reflecting a decrease of USD 0.61.
Upcoming Events
- Next Earnings Release: Scheduled for October 27, 2026, before market opens, followed by a conference call at 10:00 a.m. ET.
Summary
Asbury Automotive Group’s stock is currently valued below its yearly high, with a mixed financial performance in the second quarter. Market sentiment is cautious due to the adjusted price target by UBS and upcoming earnings report. The upcoming quarter will be crucial for determining if the company can manage costs and stimulate growth amidst financial pressures.
For ongoing updates on Asbury Automotive Group, click here.
