Asbury Automotive Group: Morgan Stanley raises PT to $230, maintains Equal-Weight rating.

Asbury Automotive Group: Morgan Stanley raises PT to $230, maintains Equal-Weight rating.

In a recent development, Morgan Stanley has raised its price target for Asbury Automotive Group (ABG) to $230, while maintaining an Equal-Weight rating. This adjustment comes amidst a series of analyst ratings and price target changes for the automotive dealership company [1].

Historically, Asbury Automotive Group has experienced significant analyst actions. In August 2025, JP Morgan downgraded the rating from 'Neutral' to 'Underweight' and lowered the price target from $235.00 to $225.00 [1]. On the same day, Stephens & Co. analyst Jeff Lick upgraded the rating from 'Equal-Weight' to 'Overweight' and raised the price target from $225.00 to $277.00, a substantial increase of 23.11% [1]. These actions provide a comprehensive view of the market's perception of Asbury Automotive Group's performance.

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 152 new-vehicle stores and 37 collision centers, with over 70% of new-vehicle revenue coming from luxury and import brands. The firm also offers third-party financing and insurance products, and its own F&I products via Total Care Auto. Asbury operates in 14 states, with significant presence in Texas, the West, the Mid-Atlantic, and the Southeast [1].

Based on the one-year price targets offered by 6 analysts, the average target price for Asbury Automotive Group Inc (ABG, Financial) is $254.17, with a high estimate of $335.00 and a low estimate of $225.00 [1]. The average target implies an upside of 4.52% from the current price of $243.18. The consensus recommendation from 9 brokerage firms is currently 2.9, indicating a "Hold" status [1].

According to GuruFocus estimates, the estimated GF Value for Asbury Automotive Group Inc (ABG, Financial) in one year is $304.11, suggesting an upside of 25.06% from the current price of $243.18 [1]. GF Value is calculated based on historical multiples and future estimates of the business' performance.

In conclusion, the recent price target increase by Morgan Stanley reflects a positive outlook on Asbury Automotive Group's performance. The company's diverse revenue streams and extensive geographical presence contribute to its market appeal. However, investors should carefully consider the company's historical analyst ratings and earnings forecasts before making investment decisions.

References:
[1] https://www.gurufocus.com/news/3060141/asbury-automotive-group-abg-receives-analyst-upgrade-to-overweight-abg-stock-news
[2] https://www.tipranks.com/stocks/abg/forecast