Last $75.53 USD
Change Today +0.53 / 0.71%
Volume 699.6K
ABG On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

asbury automotive group (ABG) Snapshot

Open
$75.25
Previous Close
$75.00
Day High
$76.13
Day Low
$74.99
52 Week High
12/5/14 - $78.30
52 Week Low
02/3/14 - $45.31
Market Cap
2.2B
Average Volume 10 Days
439.5K
EPS TTM
$4.56
Shares Outstanding
29.8M
EX-Date
10/30/08
P/E TM
16.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASBURY AUTOMOTIVE GROUP (ABG)

asbury automotive group (ABG) Related Businessweek News

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asbury automotive group (ABG) Details

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts, and collision repair services; and aftermarket products, such as financing, insurance, and service contracts. The company sells new vehicles to individual retail customers and commercial customers; and used vehicles to individual retail customers and other dealers at auction. As of October 21, 2014, it operated 81 dealership locations, including 102 franchises for the sale and servicing of 29 brands of new vehicles, as well as 24 collision repair centers and 2 standalone used vehicle stores. Asbury Automotive Group, Inc. was founded in 1995 and is headquartered in Duluth, Georgia.

7,600 Employees
Last Reported Date: 02/25/14
Founded in 1995

asbury automotive group (ABG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $916.7K
Executive Vice President and Director
Total Annual Compensation: $700.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $344.2K
Compensation as of Fiscal Year 2013.

asbury automotive group (ABG) Key Developments

Asbury Automotive Group Closes Offering of 6.0% Senior Subordinated Notes

Asbury Automotive Group, Inc. announced that it has closed its offering of USD 400.0 million aggregate principal amount of 6.0% senior subordinated notes due 2024. The company also revealed it has entered into an amendment to its senior secured credit facility, revising the covenant restricting its ability to make certain restricted payments, including payments to repurchase additional shares of its common stock, among other things, to generally be consistent with the covenant governing such payments as contained in the indenture governing the 2024 notes. Additionally, the consent payment deadline for any and all of its outstanding 8.375% senior subordinated notes due 2020 had expired. The tender offer is scheduled to expire at 8:00 a.m., New York City time, on December 18, 2014. After paying for all 2020 notes validly tendered, there remain outstanding USD 65,801,000 in aggregate principal amount. The company said it will redeem all 2020 notes that remain outstanding.

Asbury Automotive Group, Inc. Announces Issuance of $400.0 Million Aggregate Principal Amount of 6.0% Senior Subordinated Notes Due 2024

On December 4, 2014, Asbury Automotive Group, Inc. issued $400,000,000 aggregate principal amount of its 6.0% Senior Subordinated Notes due 2024 pursuant to an indenture, dated as of December 4, 2014 among the company, the subsidiary guarantors party thereto and U.S. Bank National Association, as trustee. The 2024 Notes were offered and sold either to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 or to persons outside the United States under Regulation S of the Securities Act. The 2024 Notes mature on December 15, 2024. Interest accrues on the 2024 Notes from December 4, 2014, and interest is payable semiannually, on June 15 and December 15 of each year. The first interest payment date is June 15, 2015. The company may redeem some or all of the 2024 Notes at any time after December 15, 2019 at redemption prices specified in the Indenture. The company may also redeem up to 35% of the aggregate principal amount of the 2024 Notes using the proceeds from certain equity offerings completed before December 15, 2017. In addition, the company may redeem some or all of the 2024 Notes at any time prior to December 15, 2019 at a price equal to 100% of the principal amount thereof plus a make whole premium set out in the Indenture, and accrued and unpaid interest.

Asbury Automotive Group, Inc. Announces Private Offering of $400 Million of Senior Subordinated Notes Due 2024

Asbury Automotive Group, Inc. announced the commencement of an offering of $400.0 million aggregate principal amount of senior subordinated notes due 2024 in a private placement that is exempt from the registration requirements of the Securities Act of 1933. The 2024 notes will be guaranteed by all of the company's existing subsidiaries and certain future subsidiaries. The company intends to use the net proceeds from the offering of 2024 notes to purchase any and all of the company's outstanding 8.375% senior senior subordinated notes due 2020 hat are tendered pursuant to the company's cash ender offer and consent solicitation for any and all 2020 notes commenced on November 19, 2014.

 

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Industry Analysis

ABG

Industry Average

Valuation ABG Industry Range
Price/Earnings 18.1x
Price/Sales 0.4x
Price/Book 4.3x
Price/Cash Flow 14.8x
TEV/Sales 0.2x
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