Asbury Automotive Group Inc Common Stock: Regular Trading Hours for Class B Shares

Are you interested in investing in the automotive industry but unsure about the intricacies of the stock market? Look no further! In this article, we will delve into the details of Asbury Automotive Group Inc Common Stock, specifically focusing on the regular trading hours for Class B shares. By understanding these aspects, you'll be well-equipped to make informed decisions.

Understanding Asbury Automotive Group Inc Common Stock

Asbury Automotive Group Inc, headquartered in Franklin, Tennessee, is one of the leading automotive retailers in the United States. The company operates through its subsidiary, Asbury Automotive Inc., which sells new and used vehicles and provides automotive services such as parts, service, and collision repair.

The common stock of Asbury Automotive Group Inc is listed on the New York Stock Exchange (NYSE) under the ticker symbol "ABG." It is an essential stock for investors interested in the automotive retail industry. However, there are two classes of common stock available: Class A and Class B.

Regular Trading Hours for Class B Shares

When it comes to trading hours, both Class A and Class B shares of Asbury Automotive Group Inc follow the standard regular trading hours of the NYSE. These hours are as follows:

• Morning Session: 9:30 AM to 10:30 AM (ET)
• Afternoon Session: 12:30 PM to 4:00 PM (ET)

During these hours, investors can buy and sell Asbury Automotive Group Inc Class B shares on the NYSE. However, it is crucial to note that the stock market is closed on certain holidays, so trading hours may vary.

Benefits of Investing in Asbury Automotive Group Inc Class B Shares

Investing in Asbury Automotive Group Inc Class B shares can offer several benefits, including:

• Growth Potential: As one of the leading automotive retailers, Asbury Automotive Group Inc has a strong track record of growth. By investing in its Class B shares, you can potentially benefit from the company's continued expansion.
• Dividend Payments: Asbury Automotive Group Inc has a history of paying dividends to its shareholders, which can provide a consistent source of income.
• Diversification: Investing in Asbury Automotive Group Inc Class B shares allows you to diversify your portfolio and reduce your exposure to risk.

Case Study: Asbury Automotive Group Inc's Performance in 2020

In 2020, the automotive industry faced unprecedented challenges due to the COVID-19 pandemic. Despite these challenges, Asbury Automotive Group Inc managed to perform relatively well. The company's focus on digital retailing and efficient operations helped mitigate the impact of the pandemic on its sales and profitability.

As an example, in the second quarter of 2020, Asbury Automotive Group Inc reported a 15% increase in used vehicle sales year-over-year. This performance highlights the resilience of the company and the potential for future growth.

In conclusion, investing in Asbury Automotive Group Inc Common Stock, specifically Class B shares, can be a smart move for investors looking to gain exposure to the automotive industry. By understanding the regular trading hours and benefits of investing in Class B shares, you'll be better prepared to make informed decisions and potentially reap the rewards of your investment.