BUZZ-Asbury Automotive down after it moves to acquire dealership chain
ReutersFeb 18, 2025 8:31 PM
Asbury Automotive Group shares ABG.N down ~1.5% at $298.85 after co says it would acquire automotive dealerships owned by Herb Chambers Companies
Deal for Herb Chambers' 33 dealerships, 52 franchises and three collision centers valued at $1.34 bln
ABG up ~24.8% YTD vs NASDAQ Composite Index's .IXIC ~3.5% increase.
8 analysts cover ABG, on avg rating it "HOLD". The breakdown of recommendations are no "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
ABG median PT is $270.00 vs PT of $242.50 a month ago according to LSEG
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