Asbury Automotive Group (NYSE:ABG), the 7th largest U.S. based franchised auto retailer, has performed exceptionally well this year. Shares have moved higher by over 25% year to date in tandem with the many of the publicly traded automotive retailers. Asbury maintains a deep portfolio of both new and used car franchises across 77 different locations throughout 10 major markets. The company has 98 franchises, located primarily in the South, which offer consumers a mix of 29 different automotive brands.
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In addition to car sales, the company has been able to maintain impressive service margins which we will discuss in detail a little later. Although shares have risen substantially this year I remain confident shareholders will...
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