Where is Asbury Automotive Group (ABG) Headed According to Analysts?

Asbury Automotive Group, Inc. (NYSE:ABG) is one of the best automotive stocks to buy according to hedge funds. On August 14, Morgan Stanley raised the firm’s price target on Asbury Automotive Group, Inc. (NYSE:ABG) to $230 from $225, keeping an Equal Weight rating on the shares.

The firm told investors that the intra-quarter data is continually reflecting stability in auto and consumer data, and dealers are well-positioned to continue to deliver on earnings into H2.

Similarly, Stephens analyst Jeff Lick upgraded Asbury Automotive Group, Inc. (NYSE:ABG) to Overweight from Equal Weight on August 13, raising the price target to $277 from $225.

The firm told investors that after spending two weeks integrating the Chambers acquisition into its model, it concluded that the company has $35+ in 2028 EPS power based on the items under its control and assets currently on its balance sheet.

Asbury Automotive Group, Inc. (NYSE:ABG) is a franchised automotive retailer. The company’s operations are divided into the Dealerships and Total Care Auto (TCA) segments.

While we acknowledge the potential of ABG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.