Asbury Automotive Group, Inc. (NYSE:ABG) Receives $258.50 Consensus PT from Analysts

Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $258.50.

ABG has been the topic of a number of recent research reports. Stephens lifted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Citigroup initiated coverage on Asbury Automotive Group in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 price target for the company. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th.

Asbury Automotive Group Stock Up 1.8 %

Asbury Automotive Group stock traded up $3.99 during mid-day trading on Friday, hitting $222.34. 122,961 shares of the company's stock were exchanged, compared to its average volume of 204,355. The stock has a 50 day moving average of $231.75 and a two-hundred day moving average of $249.30. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. Asbury Automotive Group has a 1-year low of $201.68 and a 1-year high of $312.56. The stock has a market cap of $4.37 billion, a P/E ratio of 10.34 and a beta of 0.98.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $6.82 EPS for the quarter, missing the consensus estimate of $6.84 by ($0.02). Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the firm earned $7.21 earnings per share. The business's quarterly revenue was down 1.3% on a year-over-year basis. As a group, analysts anticipate that Asbury Automotive Group will post 26.28 EPS for the current fiscal year.

Insider Activity at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the sale, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. This represents a 24.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Asbury Automotive Group

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in Asbury Automotive Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Asbury Automotive Group by 43.9% in the first quarter. Versant Capital Management Inc now owns 164 shares of the company's stock valued at $36,000 after buying an additional 50 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after acquiring an additional 41 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Asbury Automotive Group by 234.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock worth $122,000 after acquiring an additional 351 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Asbury Automotive Group by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 586 shares of the company's stock valued at $129,000 after acquiring an additional 165 shares in the last quarter.

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.