Asbury Automotive Group Inc (ABG) 80.55 $ABG
Asbury Automotive Group Announces Pricing of $200.0 Million of Additional 6.0% Senior Subordinated Notes Due 2024
PR Newswire - Fri Oct 23, 1:24PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"
, one of the largest automotive retail and service companies in the United States, announced today that it has priced its previously announced offering of $200.0 million aggregate principal amount of additional 6.0% senior subordinated notes due 2024 (the "Additional Notes" at 104.25% plus accrued interest from and including June 15, 2015. The Additional Notes are part of the same issuance of, and will rank equally and form a single series with, the $400.0 million aggregate principal amount of the Company's 6.0% senior subordinated notes due 2024 which were issued on December 4, 2014 (the "Existing Notes". The Additional Notes will have the same terms as the Existing Notes, including being guaranteed by all of the Company's existing subsidiaries and future domestic restricted subsidiaries, with certain exceptions.
ABG: 80.55 (+1.56)
Asbury Automotive Group Announces Private Placement of $200.0 Million of Additional 6.0% Senior Subordinated Notes Due 2024
PR Newswire - Fri Oct 23, 6:30AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company", one of the largest automotive retail and service companies in the United States, announced today the commencement of an offering of $200.0 million aggregate principal amount of additional 6.0% senior subordinated notes due 2024 (the "Additional Notes" in a private placement transaction that is exempt from the registration requirements of the Securities Act of 1933 (the "Act". The Additional Notes are part of the same issuance of, and will rank equally and form a single series with, the $400.0 million aggregate principal amount of the Company's 6.0% senior subordinated notes due 2024 which were issued on December 4, 2014 (the "Existing Notes". The Additional Notes will have the same terms as the Existing Notes, including being guaranteed by all of the Company's existing subsidiaries and future domestic restricted subsidiaries, with certain exceptions.
ABG: 80.55 (+1.56)
New Strong Buy Stocks for October 22nd
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 8:30AM CDT
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Thursday
ACHC: 61.16 (+4.26), AMSF: 53.76 (+0.07), ABG: 80.55 (+1.56), ALLY: 19.99 (+0.06), AGRO: 9.21 (+0.21)
Upgrade Alert for Asbury Automotive (ABG)
Comtex SmarTrend(R) - Thu Oct 22, 7:27AM CDT
Asbury Automotive (NYSE:ABG) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $77.17 on volume of 2.1 million shares, above average daily volume of 272,000. There is potential upside of 15.8% for shares of Asbury Automotive based on a current price of $77.17 and an average consensus analyst price target of $89.38. Asbury Automotive shares should first meet resistance at the 50-day moving average (MA) of $82.15 and find additional resistance at the 200-day MA of $83.18.
ABG: 80.55 (+1.56)
Lithia, Asbury revenues rev up
at Investor's Business Daily - Wed Oct 21, 5:49PM CDT
With gas prices and unemployment low, auto sales remain strong. Asbury Automotive Group (ABG), with about 83 new and used car dealerships, said that its Q3 EPS minus 1-time items climbed 32% to $1.43, beating by a penny, on a 14% hike in revenue to...
LAD: 116.20 (+2.76), ABG: 80.55 (+1.56)
Asbury Automotive Falls 11.57% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Wed Oct 21, 4:42PM CDT
Asbury Automotive (NYSE:ABG) traded in a range yesterday that spanned from a low of $76.51 to a high of $84.95. Yesterday, the shares fell 11.6%, which took the trading range below the 3-day low of $85.25 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
ABG: 80.55 (+1.56)
Why Shares of Asbury Automotive Group, Inc. Fell 12% Today
Travis Hoium, The Motley Fool - Motley Fool - Wed Oct 21, 3:53PM CDT
What: Shares of auto retailer Asbury Automotive Group, Inc. fell 12% on Wednesday after it reported third-quarter earnings. So what: Revenue of $1.72 billion was up 14% from a year ago, and net income rose 57% to $51.1 million. On an adjusted...
ABG: 80.55 (+1.56)
Asbury Automotive beats Street 3Q forecasts
Automated Insights - Wed Oct 21, 6:11AM CDT
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Wednesday reported third-quarter profit of $51.1 million.
ABG: 80.55 (+1.56)
Asbury Automotive Group Announces Record 2015 Third Quarter Financial Results
PR Newswire - Wed Oct 21, 6:00AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the third quarter 2015 of $37.3 million, or $1.43 per diluted share, versus income from continuing operations in the third quarter 2014 of $32.4 million, or $1.08 per diluted share, a 32% increase per diluted share. Income from continuing operations for the third quarter 2015 was adjusted for a $21.4 million pre-tax gain on divestitures, or $0.50 per diluted share, and a $0.8 million benefit from a lower effective tax rate, or $0.03 per diluted share. See attached reconciliation for reported adjustments related to the third quarter of 2015. There were no adjustments for the third quarter of 2014. Net income for the third quarter 2015 was $51.1 million, or $1.96 per diluted share, compared to $32.5 million, or $1.08 per diluted share in the prior year period.
ABG: 80.55 (+1.56)
Asbury Automotive Group Schedules Release of Third Quarter Financial Results
PR Newswire - Thu Oct 08, 3:01PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 21, 2015. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
ABG: 80.55 (+1.56)
Group 1 Automotive (GPI) Buys Mercedes-Benz Dealership
Zacks Equity Research - Zacks Investment Research - Tue Sep 29, 11:40AM CDT
Group 1 Automotive (GPI) announced the acquisition of a Mercedes-Benz dealership in Georgetown, TX.
LAD: 116.20 (+2.76), GPI: 86.80 (-0.11), ABG: 80.55 (+1.56), AN: 61.58 (-0.06)
Asbury Automotive Group Expands Its Nalley Brand with New Nissan and Infiniti Stores
PR Newswire - Tue Sep 22, 3:15PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that they have broken ground on new state-of-the-art Nissan and Infiniti dealerships in Atlanta.
ABG: 80.55 (+1.56)
AutoNation Prices Two Batches of Senior Notes worth $750M
Zacks Equity Research - Zacks Investment Research - Thu Sep 17, 1:15PM CDT
AutoNation, Inc. (AN) has announced the pricing of $300 million of its senior unsecured notes at 3.35% interest annually.
F: 15.67 (+0.09), ABG: 80.55 (+1.56), PAG: 50.84 (+0.14), AN: 61.58 (-0.06)
Asbury Automotive Group to Present at Leveraged Finance Conferences
PR Newswire - Wed Sep 16, 6:01AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that management will present at the Deutsche Bank 23rd Annual Leveraged Finance Conference on September 30th and at the Bank of America Merrill Lynch 2015 Leveraged Finance Conference on December 3rd.
ABG: 80.55 (+1.56), DB: 30.75 (+0.44)
AutoNation (AN) Raises Share Repurchase Authorization
Zacks Equity Research - Zacks Investment Research - Mon Sep 14, 4:46PM CDT
AutoNation, Inc. (AN) recently announced the sanction of a $250 million increase in its share repurchase authorization by its board.
F: 15.67 (+0.09), ABG: 80.55 (+1.56), PAG: 50.84 (+0.14), AN: 61.58 (-0.06)
indiGO Auto Group Acquires Plaza Porsche from Asbury Automotive Group To Consolidate St. Louis Market For Porsche
Business Wire - Fri Aug 28, 11:53AM CDT
Todd Blue, Chairman and CEO of Houston-based indiGO Auto Group with award-winning dealerships in Houston, Texas and Rancho Mirage, California, announced today that indiGO Auto Group purchased Plaza Porsche located at 11830 Olive Boulevard, Creve Coeur, Missouri, from Asbury Automotive Group Inc. (NYSE: ABG). This is the second St. Louis Porsche franchise Mr. Blue's company has acquired in less than four months, and the fourth Porsche franchise acquisition for the five year old company.
ABG: 80.55 (+1.56)
Asbury Automotive Group to Present at Investor Conferences
PR Newswire - Tue Aug 25, 6:01AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that senior management will present at the CL King 13th Annual Best Ideas Conference in New York on September 10th; and at the Stifel 2015 Consumer Conference on September 17th, also in New York City.
ABG: 80.55 (+1.56)
Asbury Automotive Group Announces Pricing of $200.0 Million of Additional 6.0% Senior Subordinated Notes Due 2024
PR Newswire - Fri Oct 23, 1:24PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"
, one of the largest automotive retail and service companies in the United States, announced today that it has priced its previously announced offering of $200.0 million aggregate principal amount of additional 6.0% senior subordinated notes due 2024 (the "Additional Notes" at 104.25% plus accrued interest from and including June 15, 2015. The Additional Notes are part of the same issuance of, and will rank equally and form a single series with, the $400.0 million aggregate principal amount of the Company's 6.0% senior subordinated notes due 2024 which were issued on December 4, 2014 (the "Existing Notes". The Additional Notes will have the same terms as the Existing Notes, including being guaranteed by all of the Company's existing subsidiaries and future domestic restricted subsidiaries, with certain exceptions. ABG: 80.55 (+1.56)
Asbury Automotive Group Announces Private Placement of $200.0 Million of Additional 6.0% Senior Subordinated Notes Due 2024
PR Newswire - Fri Oct 23, 6:30AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"
, one of the largest automotive retail and service companies in the United States, announced today the commencement of an offering of $200.0 million aggregate principal amount of additional 6.0% senior subordinated notes due 2024 (the "Additional Notes" in a private placement transaction that is exempt from the registration requirements of the Securities Act of 1933 (the "Act". The Additional Notes are part of the same issuance of, and will rank equally and form a single series with, the $400.0 million aggregate principal amount of the Company's 6.0% senior subordinated notes due 2024 which were issued on December 4, 2014 (the "Existing Notes". The Additional Notes will have the same terms as the Existing Notes, including being guaranteed by all of the Company's existing subsidiaries and future domestic restricted subsidiaries, with certain exceptions. ABG: 80.55 (+1.56)
New Strong Buy Stocks for October 22nd
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 8:30AM CDT
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Thursday
ACHC: 61.16 (+4.26), AMSF: 53.76 (+0.07), ABG: 80.55 (+1.56), ALLY: 19.99 (+0.06), AGRO: 9.21 (+0.21)
Upgrade Alert for Asbury Automotive (ABG)
Comtex SmarTrend(R) - Thu Oct 22, 7:27AM CDT
Asbury Automotive (NYSE:ABG) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $77.17 on volume of 2.1 million shares, above average daily volume of 272,000. There is potential upside of 15.8% for shares of Asbury Automotive based on a current price of $77.17 and an average consensus analyst price target of $89.38. Asbury Automotive shares should first meet resistance at the 50-day moving average (MA) of $82.15 and find additional resistance at the 200-day MA of $83.18.
ABG: 80.55 (+1.56)
Lithia, Asbury revenues rev up
at Investor's Business Daily - Wed Oct 21, 5:49PM CDT
With gas prices and unemployment low, auto sales remain strong. Asbury Automotive Group (ABG), with about 83 new and used car dealerships, said that its Q3 EPS minus 1-time items climbed 32% to $1.43, beating by a penny, on a 14% hike in revenue to...
LAD: 116.20 (+2.76), ABG: 80.55 (+1.56)
Asbury Automotive Falls 11.57% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Wed Oct 21, 4:42PM CDT
Asbury Automotive (NYSE:ABG) traded in a range yesterday that spanned from a low of $76.51 to a high of $84.95. Yesterday, the shares fell 11.6%, which took the trading range below the 3-day low of $85.25 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
ABG: 80.55 (+1.56)
Why Shares of Asbury Automotive Group, Inc. Fell 12% Today
Travis Hoium, The Motley Fool - Motley Fool - Wed Oct 21, 3:53PM CDT
What: Shares of auto retailer Asbury Automotive Group, Inc. fell 12% on Wednesday after it reported third-quarter earnings. So what: Revenue of $1.72 billion was up 14% from a year ago, and net income rose 57% to $51.1 million. On an adjusted...
ABG: 80.55 (+1.56)
Asbury Automotive beats Street 3Q forecasts
Automated Insights - Wed Oct 21, 6:11AM CDT
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Wednesday reported third-quarter profit of $51.1 million.
ABG: 80.55 (+1.56)
Asbury Automotive Group Announces Record 2015 Third Quarter Financial Results
PR Newswire - Wed Oct 21, 6:00AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the third quarter 2015 of $37.3 million, or $1.43 per diluted share, versus income from continuing operations in the third quarter 2014 of $32.4 million, or $1.08 per diluted share, a 32% increase per diluted share. Income from continuing operations for the third quarter 2015 was adjusted for a $21.4 million pre-tax gain on divestitures, or $0.50 per diluted share, and a $0.8 million benefit from a lower effective tax rate, or $0.03 per diluted share. See attached reconciliation for reported adjustments related to the third quarter of 2015. There were no adjustments for the third quarter of 2014. Net income for the third quarter 2015 was $51.1 million, or $1.96 per diluted share, compared to $32.5 million, or $1.08 per diluted share in the prior year period.
ABG: 80.55 (+1.56)
Asbury Automotive Group Schedules Release of Third Quarter Financial Results
PR Newswire - Thu Oct 08, 3:01PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 21, 2015. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
ABG: 80.55 (+1.56)
Group 1 Automotive (GPI) Buys Mercedes-Benz Dealership
Zacks Equity Research - Zacks Investment Research - Tue Sep 29, 11:40AM CDT
Group 1 Automotive (GPI) announced the acquisition of a Mercedes-Benz dealership in Georgetown, TX.
LAD: 116.20 (+2.76), GPI: 86.80 (-0.11), ABG: 80.55 (+1.56), AN: 61.58 (-0.06)
Asbury Automotive Group Expands Its Nalley Brand with New Nissan and Infiniti Stores
PR Newswire - Tue Sep 22, 3:15PM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that they have broken ground on new state-of-the-art Nissan and Infiniti dealerships in Atlanta.
ABG: 80.55 (+1.56)
AutoNation Prices Two Batches of Senior Notes worth $750M
Zacks Equity Research - Zacks Investment Research - Thu Sep 17, 1:15PM CDT
AutoNation, Inc. (AN) has announced the pricing of $300 million of its senior unsecured notes at 3.35% interest annually.
F: 15.67 (+0.09), ABG: 80.55 (+1.56), PAG: 50.84 (+0.14), AN: 61.58 (-0.06)
Asbury Automotive Group to Present at Leveraged Finance Conferences
PR Newswire - Wed Sep 16, 6:01AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that management will present at the Deutsche Bank 23rd Annual Leveraged Finance Conference on September 30th and at the Bank of America Merrill Lynch 2015 Leveraged Finance Conference on December 3rd.
ABG: 80.55 (+1.56), DB: 30.75 (+0.44)
AutoNation (AN) Raises Share Repurchase Authorization
Zacks Equity Research - Zacks Investment Research - Mon Sep 14, 4:46PM CDT
AutoNation, Inc. (AN) recently announced the sanction of a $250 million increase in its share repurchase authorization by its board.
F: 15.67 (+0.09), ABG: 80.55 (+1.56), PAG: 50.84 (+0.14), AN: 61.58 (-0.06)
indiGO Auto Group Acquires Plaza Porsche from Asbury Automotive Group To Consolidate St. Louis Market For Porsche
Business Wire - Fri Aug 28, 11:53AM CDT
Todd Blue, Chairman and CEO of Houston-based indiGO Auto Group with award-winning dealerships in Houston, Texas and Rancho Mirage, California, announced today that indiGO Auto Group purchased Plaza Porsche located at 11830 Olive Boulevard, Creve Coeur, Missouri, from Asbury Automotive Group Inc. (NYSE: ABG). This is the second St. Louis Porsche franchise Mr. Blue's company has acquired in less than four months, and the fourth Porsche franchise acquisition for the five year old company.
ABG: 80.55 (+1.56)
Asbury Automotive Group to Present at Investor Conferences
PR Newswire - Tue Aug 25, 6:01AM CDT
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that senior management will present at the CL King 13th Annual Best Ideas Conference in New York on September 10th; and at the Stifel 2015 Consumer Conference on September 17th, also in New York City.
ABG: 80.55 (+1.56)
