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PAG - Asbury Automotive Launches Clicklane Offers Long-Term Growth Guidance
March, 19 2021 08:00 AM
Penske Automotive Group Inc.
Asbury announced their online digital sales strategy, called Clicklane around year-end. Management also provided five-year revenue and EPS targets, with the growth of at least 20% per year. Should they simply achieve half of their online sales targets, we anticipate that EPS could reach $25 in 2025 (from $10 in 2020). At just 13x earnings, ABG offers 15% annual IRRs, and could be well over a double at 15x. Below we also delve into Lithia (LAD), another Compounder we own and like. For further details see:
Asbury Automotive Launches Clicklane, Offers Long-Term Growth Guidance
Stock Information
Company Name:
Penske Automotive Group Inc.
Stock Symbol:
PAG
Market:
NYSE
Website:
penskeautomotive.com
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