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ABG

Asbury Automotive

$51.25

0.4 (0.79%)

, GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

16:34
08/22/17
08/22
16:34
08/22/17
16:34

Asbury Automotive announces CEO succession plan

The Board of Directors of Asbury Automotive Group (ABG) announced that Executive Vice President and COO David Hult will succeed Craig Monaghan as the Company's President and CEO effective January 1, 2018. Hult, who has served as Asbury's Executive Vice President and COO since November 2014, will also join the Company's Board of Directors. Hult has over 30 years of extensive automotive retail experience and has held senior management positions with both large public and private automotive retail organizations, including RLJ McLarty Landers Automotive Holdings, Group 1 Automotive (GPI) and Penske Automotive Group (PAG). Under the planned succession, and in furtherance of the Company's long-term strategic goals, effective January 1, 2018, Monaghan will become Vice Chairman of the Board until the date of the Company's 2018 annual meeting of stockholders. Monaghan also will serve as a non-executive Special Advisor to the Company until his retirement on April 30, 2019.

ABG

Asbury Automotive

$51.25

0.4 (0.79%)

GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

PAG

Penske Automotive

$40.00

0.3 (0.76%)

  • 30

    Oct

ABG Asbury Automotive
$51.25

0.4 (0.79%)

02/08/17
CHLM
02/08/17
NO CHANGE
Target $65
CHLM
Hold
Asbury Automotive price target raised to $65 from $55 at Craig-Hallum
Craig-Hallum analyst Steven Dyer raised his price target for Asbury Automotive to $65 from $55 after the company reported "strong Q4 results." However, with a more challenging industry environment, low single digit revenue growth expectations going forward and a greater focus on stock repurchases versus M&A, the analyst believes Asbury Automotive's valuation multiple will have a tough time expanding much from current levels. He reiterates a Hold rating on the shares.
11/16/16
KEYB
11/16/16
DOWNGRADE
KEYB
Sector Weight
Asbury Automotive downgraded to Sector Weight from Overweight at KeyBanc
11/16/16
KEYB
11/16/16
DOWNGRADE
KEYB
Sector Weight
Asbury Automotive downgraded on sedan headwinds at KeyBanc
As noted earlier, KeyBanc downgraded Asbury Automotive to Sector Weight from Overweight. Analyst Brett Hoselton expects the company to be hurt by the declining market share of small to mid-size sedans. He believes that competition among OEMs in this group have increased, and he expects Asbury's profits to be pressured as a result of this trend. .
07/26/17
CHLM
07/26/17
NO CHANGE
Target $55
CHLM
Hold
Asbury Automotive price target lowered to $55 from $65 at Craig-Hallum
Craig-Hallum analyst Steven Dyer lowered his price target for Asbury Automotive to $55 from $65 after the company reported soft Q2 results as it was not able to overcome a softening automotive retail environment and continued vehicle gross margin weakness. The analyst reiterates a Hold rating on the shares.
GPI Group 1 Automotive
$54.86

-0.08 (-0.15%)

02/02/17
02/02/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kite Pharma (KITE) and Juno Therapeutics (JUNO) were initiated with a Neutral at Wedbush. 2. Penske Automotive (PAG) was initiated with a Positive at Susquehanna, while Lithia Motors (LAD) and Group 1 Automotive (GPI) were initiated with a Neutral. 3. Nevsun Resources (NSU) initiated with a Market Perform at BMO Capital. 4. Corcept Therapeutics (CORT) initiated with a Buy at Ladenburg. 5. Iteris (ITI) initiated with a Buy at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/17
KING
01/10/17
DOWNGRADE
KING
Neutral
Group 1 Automotive downgraded to Neutral from Buy at CL King
02/01/17
SUSQ
02/01/17
INITIATION
Target $72
SUSQ
Neutral
Group 1 Automotive initiated with a Neutral at Susquehanna
Susquehanna initiated Group 1 Automotive with a Neutral and a $72 price target.
03/20/17
03/20/17
NO CHANGE

Susquehanna cautious on auto dealers due to falling profits
Susquehanna analyst Ali Faghri said he was cautious on the auto dealers citing weak Q4 financial results as gross profits deteriorated, inventory levels have become elevated, and used car price declines are accelerating. Faghri favors Penske Automotive (PAG) and KarMax (KMX) due to their diverse business model but he sees a downside bias to Autonation (AN), Lithia Motors (LAD), and Group 1 Automotive. (GPI).
PAG Penske Automotive
$40.00

0.3 (0.76%)

04/27/17
GABE
04/27/17
UPGRADE
GABE
Buy
Penske Automotive upgraded to Buy from Hold at Gabelli
Gabelli analyst Brian Sponheimer upgraded Penske Automotive to Buy with a $68 PMV estimate following the Q1 report citing a consistently disciplined approach to auto dealer profitability, accretive transactions, and improved Commercial Vehicle and Power Systems performance.
02/01/17
SUSQ
02/01/17
INITIATION
Target $63
SUSQ
Positive
Penske Automotive initiated with a Positive at Susquehanna
Susquehanna initiated Penske Automotive with a Positive and a $63 price target.

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NTR

Nutrien

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NFLX

Netflix

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ATUS

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0.6 (2.82%)

, ALLVF

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$11.35

0.3675 (3.35%)

04:58
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NFLX

Netflix

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ALLVF

Altice NV

$11.35

0.3675 (3.35%)

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RHT

Red Hat

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04:55
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CAMP

CalAmp

$23.13

0.02 (0.09%)

04:55
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  • 23

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AYR

Aircastle

$24.23

-0.03 (-0.12%)

04:55
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CRNCY

Cairn Energy

$6.15

0.11 (1.82%)

04:55
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Conference/Events
Cairn Energy management to meet with RBC Capital »

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  • 23

    Jan

SRE

Sempra Energy

$105.05

-0.94 (-0.89%)

04:55
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Conference/Events
Sempra Energy management to meet with Wolfe Research »

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  • 23

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TRN

Trinity Industries

$36.51

-0.15 (-0.41%)

04:55
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Conference/Events
Trinity Industries management to meet with Wedbush »

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  • 23

    Jan

EPE

EP Energy

$2.48

0.17 (7.36%)

04:55
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Conference/Events
EP Energy to hold a conference call »

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  • 23

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SBOW

SilverBow Resources

$31.45

-0.79 (-2.45%)

04:55
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Conference/Events
SilverBow Resources management to meet with Stephens »

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  • 23

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BNED

Barnes & Noble Education

$7.71

0.01 (0.13%)

04:55
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Conference/Events
Barnes & Noble Education management to meet with Sidoti »

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  • 23

    Jan

BRG

Bluerock Residential

$9.22

0.03 (0.33%)

04:55
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Conference/Events
Bluerock Residential management to meet with JMP Securities »

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  • 23

    Jan

FCPT

Four Corners Property Trust

$24.13

0.45 (1.90%)

04:55
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Four Corners Property Trust management to meet with JMP Securities »

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  • 23

    Jan

SIG

Signet Jewelers

$55.87

0.8 (1.45%)

04:55
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  • 23

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UNF

UniFirst

$171.15

0.2 (0.12%)

04:55
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  • 23

    Jan

PRQR

ProQR Therapeutics

$3.03

0.025 (0.83%)

04:55
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Conference/Events
ProQR Therapeutics to h old an investor event »

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  • 23

    Jan

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CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

, CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

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CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

NBLX

Noble Midstream

$56.22

1.12 (2.03%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SHLX

Shell Midstream

$30.46

0.33 (1.10%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

WES

Western Gas Partners

$53.74

1.43 (2.73%)

WGP

Western Gas Equity

$41.91

1.49 (3.69%)

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

, CEQP

Crestwood Equity

$28.50

0.75 (2.70%)

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

CEQP

Crestwood Equity

$28.50

0.75 (2.70%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SEP

Spectra Energy Partners

$43.40

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SHLX

Shell Midstream

$30.46

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TRGP

Targa Resources

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WES

Western Gas Partners

$53.74

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ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

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Abeona Therapeutics management to meet with RBC Capital »

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  • 23

    Jan

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STML

Stemline

$14.25

0.7 (5.17%)

04:55
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Stemline participates in a conference call with JPMorgan »

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  • 23

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