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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%)

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. .
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.
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%)

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.
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.
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%)

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.
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.

TODAY'S FREE FLY STORIES

OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

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F

Ford

$11.72

0.09 (0.77%)

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FDX

FedEx

$216.00

0.92 (0.43%)

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EE

El Paso Electric

$54.85

0.05 (0.09%)

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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  • 19

    Sep

CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
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Earnings
Copart reports Q4 EPS 30c, consensus 29c »

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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
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Earnings
Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
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Periodicals
Breaking Periodicals news story on Bristol-Myers »

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  • 24

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BBBY

Bed Bath & Beyond

17:54
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Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

DESP

Despegar.com

17:52
09/19/17
09/19
17:52
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17:52
Syndicate
Despegar.com 12.7M share IPO priced at $26.00 »

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  • 20

    Sep

WAC

Walter Investment

$0.65

0.186 (40.09%)

17:50
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CBAY

CymaBay

17:49
09/19/17
09/19
17:49
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17:49
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CymaBay initiated  »

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  • 25

    Sep

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BBBY

Bed Bath & Beyond

17:46
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Hot Stocks
Bed Bath & Beyond sees net drop in Bed Bath & Beyond stores in FY17 »

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  • 19

    Sep

EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
09/19/17
09/19
17:45
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Initiation
Evolent Health initiated  »

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  • 25

    Sep

BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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Syndicate
Buckeye Partners announces $210M in limited partnership unit sales »

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
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Ralph Lauren initiated  »

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
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  • 19

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

, ORIG

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$0.16

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

IOVA

Iovance Biotherapeutics

$8.55

0.3 (3.64%)

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

FDX

FedEx

$216.00

0.92 (0.43%)

ADBE

Adobe

$156.60

0.83 (0.53%)

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  • 19

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KORS

Michael Kors

$46.18

1.53 (3.43%)

17:42
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17:42
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Initiation
Michael Kors initiated  »

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LB

L Brands

$39.23

-0.75 (-1.88%)

17:42
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Initiation
L Brands initiated  »

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HBI

Hanesbrands

$24.71

-0.02 (-0.08%)

17:41
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Initiation
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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

17:41
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  • 19

    Sep

GIII

G-III Apparel

$29.15

-0.26 (-0.88%)

17:41
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Initiation
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COH

Coach

$40.35

-0.12 (-0.30%)

17:40
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