Asbury Automotive Group says it has experienced a sudden and significant decline in its sales and service business as a result of the COVID-19 pandemic.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Asbury Automotive Group, Inc. New York, April 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Asbury Automotive Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more...
NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action filed on behalf of investors that purchased or acquired the securiti…
Auto retailer Asbury Automotive Group Inc. named Patrick Guido as its chief financial officer, effective May 11. Guido comes from yoga gear seller Lululemon Athletica Inc. , which announced late Thursday his departure, effective May 8, after about 2 years with the company. Guido will be paid an annual base salary of $625,000, but has agreed to a temporary 20% base salary cut in light of the impact of the COVID-19 pandemic on the economic environment. Asbury's stock has lost 48.0% over the past three months, while Lululemon shares have declined 13.3% and the S&P 500 has given up 15.9%.
LOS ANGELES--(BUSINESS WIRE)---- $TLRY #classaction--The Law Offices of Frank R. Cruz reminds investors of the upcoming May 5, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Tilray, Inc. ("Tilray" o…
NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action filed on behalf of investors that purchased or acquired the securiti…
Sports Illustrated is branching out into movies and television
Malspam with links to zip archives pushes Dridex malware, Author: Brad Duncan
With a long aerodynamic history building triathlon bikes, Quintana Roo is sticking to the tarmac for a new range of aero road bikes led the new SRfive. Designed as a UCI-friendly bike for road racing and draft-legal triathlons, the SRfive doesn’t look so diff…
Asbury Automotive (ABG) delivered earnings and revenue surprises of 11.80% and 4.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
David Abrams’ 13F portfolio value decreased this quarter from $3.22B to $2.54B. The number of positions increased from 21 to 22.Abrams Capital Management added TransDigm Group while dropping O’Reilly Automotive during the quarter.The top three positions are P…
While the idea of going to a movie theater to watch the latest blockbuster is still a far-off prospect for many of us, Sports Illustrated is going ahead with plans to begin producing long-form video and films under a new partnership between its owner, Authent…
Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), today announced its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be conducted exclusively online by remote communication due to public health concerns regarding COVID-19 and government-recommended and required limits on gatherings and events. A virtual event will assist in protecting the health and safety of the Company's stockholders, employees and the community.
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on May 5, 2020. Asbury will host a conference call later that day at 11:00 a.m. Eastern Time.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
The latest analyst coverage could presage a bad day for Asbury Automotive Group, Inc. (NYSE:ABG), with the analysts...
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced the Company has hired industry veterans Sarah Priestnall and Bruce Harris to lead TrueCut® platform initiatives in North America, specifically targeting Hollywood. Announced in 2019, Pixelworks' award-winning TrueCut platform is the industry's first solution to give filmmakers the ability to creatively fine-tune motion appearance, and to assure consistent delivery of creative intent for motion across all screens. A new, in-depth review of the Pixelworks TrueCut Motion Grading tool can be found here.
One of the St. Louis region's largest auto dealers has furloughed more than 100 workers locally due to the coronavirus pandemic.
Stocks trading with margin of safety Continue reading...
Shares of Asbury Automotive Group (NYSE:ABG) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 18.18% over the past year to $1.80, which beat the estimate of $1.67.Revenue of $1,607,000,000 lower by 3.83% year over year, which beat the estimate of $1,570,000,000.Looking Ahead Asbury Automotive Group hasn't issued any earnings guidance for the time being.Asbury Automotive Group hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 05, 2020View more earnings on ABGTime: 06:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/utwsip2pRecent Stock Performance 52-week high: $123.44Company's 52-week low was at $39.36Price action over last quarter: down 31.29%Company Profile Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates about 90 stores with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.See more from Benzinga * AMC Networks: Q1 Earnings Insights * Marcus: Q1 Earnings Insights * Recap: Group 1 Automotive Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
David Abrams made several portfolio changes during the first quarter of 2020 Continue reading...
The press release dealing Asbury's first-quarter results was issued earlier this morning and is posted on our website at asburyauto.com. Participating with us today are David Hult, our president and chief executive officer; Dan Clara, our senior vice president of operations; and Matt Pettoni, our vice president of finance and treasurer. Before we begin, I must remind you that the discussion during the call today is likely to contain forward-looking statements.
Sports Illustrated Studios is launching to develop feature film and television projects as a joint venture between David Glasser’s 101 Studios and Sports Illustrated owner Authentic Brands Group. The company plans a slate of several television series and feat…
Guru releases 1st-quarter portfolio Continue reading...
The partnership with 101 Studios will use content from the magazine to create long-form documentaries, television shows and movies.
The Final Countdown For JCPenney There are only 5 (Five) days left before JCPenney (JCP) will have to declare bankruptcy.
ABG earnings call for the period ending March 31, 2020.
Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BW LPG Ltd. (OTCPK:BWLLF) Q1 2020 Results Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Anders Onarheim - Chief Executive Officer Niel
Those holding Asbury Automotive Group (NYSE:ABG) shares must be pleased that the share price has rebounded 36% in the...
Rewatching the 24-season series shows how Tyra Banks was the villain of America’s Next Top Model all along.
Q1 2020 Asbury Automotive Group Inc Earnings Call
GOGL earnings call for the period ending March 31, 2020.
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until May 5, 2020 to file lead plaintiff applications in securities class action lawsuits against Tilray, Inc.…
Nordic Nanovector ASA (OSE: NANO) today announces changes to its Executive Management Team.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]