Asbury Automotive shares could be worth $20-Barron's

NEW YORK, April 27 (Reuters) - Asbury Automotive Group (ABG.N: Quote, Profile, Research) shares could jump from their current $15.25 to at least $20 a piece when the economy recovers, financial weekly Barron's said on Sunday.

Barron's said that most of the bad news -- like high cost of gasoline and falling home prices -- have already been baked into the price of Asbury shares, which are down from a year-ago high of $30.

The article says that "the 6-year-old company boasts one of the most appealing product lineups in the business, with a heavy concentration of popular and higher-prices import brands such as Mercedes and BMW. It has 122 franchises spread across 10 states and a diverse revenue stream, with a highly profitable sales-and-parts business poised to drive growth as sales of new and used cars slow." (Reporting by Paul Thomasch, editing by Maureen Bavdek)