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Asbury Automotive: Discounted Stock In The Automotive Industry
skynesher/E+ via Getty Images Asbury Automotive Group (NYSE:ABG) is a Fortune 500 company and remains one of the largest automotive retailers in the US, even after recent divestiture activity. The company has demonstrated a growing top-line, having sold over 300,000 new and used vehicles, an improvement from the previous year. ABG is also leveraging its online car buying platform, Clicklane, and Total Care Auto to bring a more diversified portfolio to its customers. These initiatives have helped the company make progress towards its long-term target of achieving $32 billion in total annual revenue by 2025. Given its strong performance and growth prospects, ABG is an attractive investment opportunity in my…