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Asbury Automotive Group

 

Buy Asbury Automotive Group stocks and shares

ASBURY AUTOMOTIVE GROUP (ABG) Stocks

ABOUT ASBURY AUTOMOTIVE GROUP

? Asbury Automotive Group, Inc. is one of the most substantial automobile retailers in the United States. With its headquarters in Duluth, Atlanta, the company has over 80 retail store locations, 25 collision repair centres and 103 franchises.

Asbury Automotive sells and services 29 different American, Asian and European automobile brands. The company’s services include new and used vehicle sales (both online and in-store), disability and asset protection insurance, maintenance and financing.

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OVERVIEW OF ASBURY AUTOMOTIVE GROUP

  • Former Subaru of America Inc. president, Tom Gibson, founds Asbury Automotive Group in 1994. Onex Corporation, a Toronto investment group, backs the venture and intends to build a chain of automobile dealers. The aim is to have annual sales of US Dollar 150 million or above.
  • In 1995 Asbury Automotive buys dealerships and allows the owners to keep an equity share between 30 and 49 percent, while they continue to manage the business. Asbury Automotive forms a joint venture with Jim Nalley Auto Group. The company then buys an auto mall in St. Louis, Plaza Motors.
  • In August 1995 Asbury Automotive purchases 70 percent interest in the David McDavid Auto Group. McDavid is a US Dollar 500 million business with 17 branches and 14 dealerships.
  • The company is located is Dallas and was formed in 1936. This increases Asbury Automotive’s annual sales to US Dollar 1.3 billion. McDavid is officially named Asbury Automotive of Texas Ltd.
  • Asbury Automotive acquires many more companies through the years that expands its portfolio to the company that it is today.
  • The company starts trading on the NYSE on the 14th of March 2002. A total of 21 percent of the company’s shares are offered at a price of US Dollar 16.50.

VALUES OF ASBURY AUTOMOTIVE GROUP

  • Asbury Automotive Group is one of the most recognised and respected names in the automotive industry. The company values its employees as well as its customers. Providing a safe and rewarding work environment for its employees is important.
  • Providing a quick, friendly and positive customer experience and being a company that the financial community will want to invest in, is also important to Asbury Automotive.
  • Asbury Automotive is listed on the Fortune 500 list as of 2018. The list ranks companies across the United States according to revenue.

MARKET PERFORMANCE OF ASBURY AUTOMOTIVE GROUP

  • Asbury Automotive Group trades on the New York Stock Exchange under the stock symbol ABG. Data analysis of Asbury Automotive for the year ending the 1st of December 2018, shows new vehicles revenue of US Dollar 3,788.7 million and used vehicles revenue of US Dollar 1,972.4 million.
  • With parts sold, insurance and services included, total revenue is US Dollar 6,874.4 million. Income from operations is US Dollar 310.9 million and net income is US Dollar 168.0 million.
  • Forecasts for 2019 shows new and used automobile sales are growing at double digit rates and would suggest a great time to invest.

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LATEST NEWS ON ASBURY AUTOMOTIVE GROUP

Buy ASBURY AUTOMOTIVE GROUP stocks / shares – A Step by Step Guide how to Buy / Purchase ASBURY AUTOMOTIVE GROUP Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ASBURY AUTOMOTIVE GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ASBURY AUTOMOTIVE GROUP STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ASBURY AUTOMOTIVE GROUP STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ASBURY AUTOMOTIVE GROUP stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ASBURY AUTOMOTIVE GROUP stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : ARTHUR J. GALLAGHER & CO. STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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