Asbury Automotive Group Stock Update
Upgrade and Price Target:
Seaport Research Partners has upgraded Asbury Automotive Group’s stock from Neutral to Buy, setting a price target of $300.00 as of September 8, 2026. This marks a divergence from the broader consensus of Hold, spotlighting execution as a critical point of discussion.
Q2 2026 Financial Performance
- Net Income: Adjusted net income for Q2 2026 stood at $125.0 million, translating to adjusted earnings per share (EPS) of $6.82, down from $146.0 million and $7.43 in Q2 2025.
- Revenue: The quarterly revenue slightly increased by 0.30% to $4.38 billion.
- Expectations: Adjusted EPS surpassed the consensus of $6.31 by $0.51, while revenue fell short of expectations, coming in below the estimated $4.49 billion. This disparity is crucial as the Buy argument hinges on leveraging dealership scale and service capacity for consistent revenue growth.
New Dealership Investment
Asbury recently inaugurated an expanded Herb Chambers Toyota dealership in Medford, Massachusetts, on September 25, 2026. This facility covers over 200,000 square feet, with 37 service bays and potential for 37 additional bays, serving as a practical evaluation of the company’s fixed-operations strategy.
Company Overview
As of June 30, 2026:
- Dealerships: Operated 158 new-vehicle dealerships and 202 franchises.
- Collision Repair Centers: Managed 37 collision repair centers.
- This extensive footprint allows the company to harness service, parts, and finance products to mitigate vehicle margin pressures.
Market Snapshot
- Consensus Rating: Nine analysts have a consensus Hold rating, with two Buy, six Hold, and one Sell.
- Current Valuation (as of October 2, 2026):
- Stock Price: $175.88
- Market Capitalization: $3.3 billion
- 52-week Range: $169.02 to $258.75
Conclusion
Asbury Automotive Group faces a juxtaposition: adjusted earnings surpassed expectations, yet revenue did not meet consensus forecasts, and the broader analyst rating remains a Hold. The upcoming periods will be crucial for assessing execution towards the defined price target.
Asbury Automotive Group Market Snapshot
- Company: Asbury Automotive Group, Inc.
- ISIN: US0434361046
- Ticker: ABG
- Primary exchange: NYSE
- Prior close (Lang & Schwarz): EUR 156.50
- Market capitalization: USD 3.3 billion (as of October 2, 2026)
- 52-week range: USD 169.02 – 258.75
- Sector/Industry: Consumer Discretionary / Specialty Retail
