Asbury Automotive Group, Inc. Stock News

PLEASANTON, Calif.--(BUSINESS WIRE)--Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today filed a federal antitrust lawsuit against CDK Global, Inc. (“CDK”) accusing CDK of engaging in a systematic scheme to thwart competition in the franchise dealer management system (DMS) market. “CDK's technology is outdated. Instead of innovating and com...

DALLAS--(BUSINESS WIRE)--Park Place Dealerships, a part of Asbury Automotive Group, Inc. (NYSE: ABG), successfully completed the purchase of 15 acres of land in Dallas, Texas, from Raytheon on December 4, 2024. Known for its best-in-class client service, Park Place is expected to develop a state-of-the-art Porsche dealership on the newly purchased property, providing its clients with the luxury...

DULUTH, Ga.--(BUSINESS WIRE)--Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best's upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes La...

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has been named in Newsweek's World's Most Trustworthy Companies 2024 list. Asbury ranked number 27 in the Vehicles & Components Industry. Newsweek partnered with Statista, a global data and business intelligence platform, to conduct a survey considerin...

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's e...

The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Xometry's AI-driven procurement software in a specialized B2B marketplace shows high-growth potential to Bert Hochfeld, making it a promising investment. Grassroots Trading argues that Boston Scientific's acquisition of Axonics enhances its ...

Asbury Automotive delivered a mixed Q3 given headwinds from Hurricane Helene, and Q4 will likely be equally messy. Vehicle gross margins continue to normalize, but its parts and services business continues to be the critical driver of growth. While profits are declining from their peak, underlying earnings power of $21 creates long-term opportunity for investors.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., is proud to announce Wendy Reynolds-Dobbs, VP and Chief DEI Officer, has been named a 2024 Automotive News Champion of Diversity. The 2024 class of Champions of Diversity was chosen by Automotive News editors and journalists from scores of nominees. Pr...