Asbury Automotive (ABG) Stock

Asbury Automotive (ABG) has the right mix of factors that could lead to a strong earnings report soon. Get ready for the important expectations.

Asbury Automotive Group, Inc. is facing challenges in the fourth quarter because of Hurricane Milton and stop-sale orders, which may result in lower earnings and revenue. Analysts predict an earnings per share of $5.98 and revenue of $4.12 billion, but past performance indicates these estimates might be too high, and the management has not given any guidance. Major worries include the effects of the hurricane, stop-sale orders affecting Toyota, Lexus, BMW, and Honda vehicles, as well as a drop in Clicklane's performance.

Our six main businesses: Update for the fourth quarter of 2024.

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DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group has announced the date for releasing its financial results for the fourth quarter of 2024.

Even though the outlook for the industry is not very positive, auto retail and wholesale companies such as LAD, GPI, and ABG are expected to gain from their digital initiatives and smart acquisitions.

DULUTH, Ga.--(BUSINESS WIRE)--Landcar Casualty Company, part of Asbury Automotive Group, has had its Financial Strength Rating upgraded by AM Best from A- to A. AM Best is a worldwide credit rating agency that conducts yearly reviews of Landcar's performance. This new rating changes Landcar's outlook from stable to positive, and the company is happy to receive this recognition.

Asbury Automotive (ABG) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

On November 27, 2024, AKBA, ABG, and CLH were included in the Zacks Rank #5 (Strong Sell) List.