ABG

Asbury Automotive Group Inc.

Consumer, Industrial/Transportation


Presented:10/06/2014
Price:$65.95
Cap:N/A
Current Price:$225.83
Cap:$4.51B

Presented

Date10/06/2014
Price$65.95
Market CapN/A
Ent Value$3.16B
P/E Ratio20.96x
Book Value$15.60
Div YieldN/A
Shares O/S30.35M
Ave Daily Vol260,000
Short Int5.37%

Current

Price$225.83
Market Cap$4.51B
Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts, and collision repair services; and aftermarket products, such as financing, insurance, and service contracts. The company sells new vehicles to individual retail customers and commercial customers; and used vehicles to individual retail customers and other dealers at auction. As of February 4, 2015, it operated 83 dealership locations, including 104 franchises for the sale and servicing of 29 brands of new vehicles, as well as operated 25 collision repair centers and 3 standalone used vehicle stores. Asbury Automotive Group, Inc. was founded in 1995 and is headquartered in Duluth, Georgia.

Publicly traded companies mentioned herein: Asbury Automotive (ABG) and AutoNation (AN).

Highlights

Among the various automotive dealers/ retailers, the presenter believes Asbury has done a particularly good job of transitioning to a parts & service (P&S) model, which is now responsible for approximately 70% of current profitability for the company. Additionally, he believes expected earnings could turn out materially higher than expected as a result of anticipated share repurchases, resulting in a highly asymmetric investment opportunity.

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Idea Discussion

Commentor 1 - 2 weeks ago

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