Asbury Automotive Group, Inc. (ABG) is considered one of the best automotive stocks to buy by hedge funds. Morgan Stanley raised the price target to $230 from $225 on August 14, maintaining an Equal Weight rating. Stephens analyst Jeff Lick upgraded the stock to Overweight with a price target of $277.

The firm sees stability in auto and consumer data, positioning dealers to deliver strong earnings in the second half of the year. After integrating the Chambers acquisition, it estimates Asbury Automotive Group could achieve $35+ in 2028 EPS based on controllable factors.

Asbury Automotive Group operates franchised automotive retailers divided into the Dealerships and Total Care Auto segments. While potential exists for investment, some believe other AI stocks offer greater upside and less risk. A free report on the best short-term AI stock is available for those interested.

For more insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” No disclosure is provided in this article originally published on Insider Monkey.

Read more at Yahoo Finance: Where is Asbury Automotive Group (ABG) Headed According to Analysts?