ASBURY AUTOMOTIVE GROUP INC ABG

September 26, 2022 - 6:52pm EST by

member

						2022	2023
Price:		150.77		EPS		0	0
Shares Out. (in M):		23		P/E		0	0
Market Cap (in $M):		3,392		P/FCF		0	0
Net Debt (in $M):		3,315		EBIT		0	0
TEV (in $M):		6,708		TEV/EBIT		0	0

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9	member 11/11/22 3:11PM Internal growth
What are folks thoughts on internal growth acting as counterweight to cyclical auto downturn? First there is Clicklane, that management has stated will represent 50% of projected growth to 2025 from $1b this year-end to... login to read the rest 1 view available tags
8	member 10/31/22 4:58PM Re: Re: Q3 dealer commentary 7
GoAnywhereGuy - I agree that AN is cheap and one could certainly make an argument that with their incredible pace of buybacks (coupled with Cascade with ~15% of the float not being a seller) that... login to read the rest 2 view available tags
7	member 10/31/22 2:25PM Re: Q3 dealer commentary 6
Whole dealer complex is a home run here if margins are permanently higher, but per moneytr33 isn't AN the right horse given insane pace of repurchases? SOI down >40% in two years... view available tags
6	member 10/31/22 12:34PM Q3 dealer commentary
Some interesting commentary out of ABG. AN and GPI last week that I believe provided additional evidence in support of the core thesis points here: Margins / Cost Structure " We didn't have the large luxury stores... login to read the rest 4 view available tags
5	member 9/27/22 11:43AM Re: Qs 4
WinBrun – thank you for your questions (and contributions to the Club generally). Please see answers below: 1. 1.I n 2019 advertising represented ~4% of SG&A or ~$280k per location. Right now it is running at... login to read the rest 1 view available tags
4	member 9/27/22 9:13AM Qs
thank you for the write-up. some questions: 1-how do you model per store marketing over the next few years? given there has been little inventory--would figure that marketing has been down a lot--dealers traditionally spend in... login to read the rest view available tags
2	member 9/26/22 7:29PM Re: macro 1
moneytr33 - thanks for the questions. I prefer ABG to AN as I believe that ABG has great managers and operating whereas AN does not. I disagree with you assertion that ABG need to de-leverage... login to read the rest 1 view available tags

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