Asbury Automotive Group (ABG) to Release Quarterly Earnings on Tuesday

Asbury Automotive Group (NYSE:ABG - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $6.67 per share and revenue of $4.31 billion for the quarter.

Asbury Automotive Group Trading Up 1.0 %

NYSE:ABG traded up $2.31 during trading hours on Friday, reaching $223.84. 153,190 shares of the stock were exchanged, compared to its average volume of 201,694. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average of $237.91 and a two-hundred day moving average of $249.61. Asbury Automotive Group has a twelve month low of $201.68 and a twelve month high of $312.56. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 10.41 and a beta of 1.04.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Asbury Automotive Group in a research note on Wednesday. They issued a "neutral" rating and a $236.00 price objective on the stock. Stephens increased their price objective on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Craig Hallum cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $258.50.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.