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Stock impact report

A Look At Asbury Automotive Group (ABG) Valuation After Dealership Sales And Expanded Buyback Plan [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Asbury Automotive Group (ABG) is reshaping its dealership footprint after selling ten locations across Indiana, Missouri and South Carolina, generating about $210 million in net proceeds and expanding its share repurchase authorization to $500 million. See our latest analysis for Asbury Automotive Group. Despite the dealership sales and expanded buyback plan, Asbury Automotive Group's recent trading has been soft, with a 1 month share price return decline of 8.84% and a 1 year total shareholder return decline of 20.35% from a higher base, so recent momentum has been fading even as management reshapes the portfolio. If these dealership moves have you thinking about where else capital could go to work, it might be a good time to scan our 19 top founder-led companies for fresh ideas beyond auto retail. With a softer share price, a value score of 5 and the stock trading at a discount to both analyst targets and some intrinsic estimates, you have to ask: is this a reset buying opp Show less Read more
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