Asbury Automotive Group Inc Common Stock: Regular Trading Hours and IPO Stock Insights

In the ever-evolving world of finance, understanding the nuances of a company's stock is crucial for investors. Today, we delve into the specifics of Asbury Automotive Group Inc Common Stock, focusing on its regular trading hours and initial public offering (IPO) stock details. This article aims to provide a comprehensive overview of this company's stock, highlighting key aspects that investors should be aware of.

Understanding Asbury Automotive Group Inc Common Stock

Asbury Automotive Group Inc (NYSE: ABG) is a leading automotive retailer in the United States, specializing in the sale and service of new and used vehicles. The company operates a vast network of dealerships across multiple states, catering to a diverse customer base.

Regular Trading Hours

Asbury Automotive Group Inc Common Stock, like most stocks, is traded on the New York Stock Exchange (NYSE). The regular trading hours for the NYSE are from 9:30 AM to 4:00 PM Eastern Time (ET). During these hours, investors can buy and sell Asbury Automotive Group Inc Common Stock through their brokerage accounts.

It is important for investors to note that the stock price of Asbury Automotive Group Inc Common Stock can fluctuate significantly during regular trading hours. Factors such as market news, economic indicators, and company performance can influence the stock's price.

IPO Stock Details

Asbury Automotive Group Inc Common Stock went public through an IPO on June 6, 2013. The company raised approximately $400 million in the IPO, which was used to fund expansion plans and improve its financial position. Since then, the stock has experienced various ups and downs, reflecting the broader market trends and the company's performance.

Investors interested in purchasing Asbury Automotive Group Inc Common Stock through its IPO should be aware of the following details:

• Offer Price: The IPO offer price for Asbury Automotive Group Inc Common Stock was $17 per share.
• Underwriters: The underwriters for the IPO were Bank of America Merrill Lynch, Citigroup, J.P. Morgan, and UBS Investment Bank.
• Market Capitalization: As of the date of this article, Asbury Automotive Group Inc's market capitalization is approximately $3.6 billion.

Investment Insights

When considering an investment in Asbury Automotive Group Inc Common Stock, it is crucial to analyze the company's financial performance, market trends, and competitive landscape. Over the years, Asbury Automotive Group Inc has demonstrated resilience and adaptability, which have contributed to its growth and profitability.

For instance, in 2021, the company reported a revenue of $15.2 billion, reflecting a significant increase from the previous year. This growth can be attributed to the company's focus on enhancing its digital presence, expanding its dealer network, and improving its customer experience.

Conclusion

In conclusion, Asbury Automotive Group Inc Common Stock is a valuable investment opportunity for those interested in the automotive retail industry. By understanding the company's regular trading hours, IPO stock details, and investment insights, investors can make informed decisions about their investments. Keep in mind that the stock market is subject to volatility, and it is important to conduct thorough research and consider risk tolerance before investing.