Asbury Automotive Group, Inc. is an automotive retailer company. Co. operates through two segments: Dealerships and Total Care Auto (TCA). Co. offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. We show 60 historical shares outstanding datapoints in our ABG shares outstanding history coverage, used to compute ABG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ABG market cap history over the course of time is important for investors
interested in comparing ABG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ABG versus a peer is one thing; comparing
ABG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ABG can fluctuate over the course of history.
With this page we aim to empower investors researching ABG by allowing them to research the ABG market cap history. |
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Video: The Importance of Market Cap
