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ABG Buyback image

Asbury Automotive Group, Inc. Buyback

OLI recorded this information on 10/17/2014

Company: Asbury Automotive Group, Inc.
Buyback: ABG buyback
$Amount Authorized: $200,000,000
Buyback Details: Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and services companies in the U.S., today announced that its Board of Directors has increased the size of the Company's share repurchase authorization. With this increase, the Company now has the authority to repurchase up to $200 million of the Company's common stock. During the third quarter of 2014, the Company repurchased $39.8 million of its common stock and from January 1, 2014 through September 30, 2014, the Company repurchased $69.2 million of its common stock. As of September 30, 2014, the Company had approximately 29.8 million shares outstanding.

Asbury Automotive Group is a holding company. Through its subsidiaries, Co. is an automotive retailer. Co.'s new vehicle operation includes new vehicle sales and lease transactions arranged by its dealerships with third-party financial institutions. Co. sells used vehicles at its franchised dealership locations, stand-alone used vehicle dealerships, a used vehicle wholesale business and an auto auction. In addition, Co. provides vehicle repair and maintenance services, sells replacement parts, and reconditions used vehicles at its dealerships. Co. provides variety of automotive finance and insurance products to its customers.

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ABG — Key Stats (updated 4 hours, 22 minutes ago)
Company Name:  Asbury Automotive Group Inc
Stock buyback:  ABG buyback
Website:  www.asburyauto.com
Sector:  Auto Dealerships
Number of ETFs Holding ABG:  60
Total Market Value Held by ETFs:  $1.22B
Total Market Capitalization:  $4.42B
% of Market Cap. Held by ETFs:  27.61%
 

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April 18, 2024  •  2:59 PM Eastern
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Avg. Broker Rec.

Buy (2.88 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
ABG Stock Forecast

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