XTX Topco Ltd Purchases 1,531 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

XTX Topco Ltd grew its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 150.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,546 shares of the company's stock after buying an additional 1,531 shares during the quarter. XTX Topco Ltd's holdings in Asbury Automotive Group were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABG. Aster Capital Management DIFC Ltd acquired a new position in shares of Asbury Automotive Group in the fourth quarter worth about $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 worth $36,000 after buying an additional 50 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Asbury Automotive Group by 39.2% during the first quarter. GAMMA Investing LLC now owns 586 shares of the company's stock worth $129,000 after purchasing an additional 165 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Asbury Automotive Group by 801.4% during the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock worth $153,000 after purchasing an additional 561 shares during the period. Finally, CWM LLC boosted its holdings in shares of Asbury Automotive Group by 7.5% during the first quarter. CWM LLC now owns 858 shares of the company's stock worth $189,000 after purchasing an additional 60 shares during the period.

Asbury Automotive Group Stock Performance

ABG traded down $2.12 during trading on Friday, reaching $221.87. 142,035 shares of the company's stock were exchanged, compared to its average volume of 229,704. Asbury Automotive Group, Inc. has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The company has a quick ratio of 0.49, a current ratio of 1.30 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $238.95 and a 200 day moving average price of $243.45. The company has a market capitalization of $4.36 billion, a P/E ratio of 8.10, a PEG ratio of 1.49 and a beta of 0.87.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $7.43 EPS for the quarter, beating the consensus estimate of $6.82 by $0.61. Asbury Automotive Group had a net margin of 3.13% and a return on equity of 15.41%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company earned $6.40 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts predict that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABG has been the subject of several research reports. Bank of America raised their price target on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a report on Monday, June 16th. JPMorgan Chase & Co. cut their price objective on shares of Asbury Automotive Group from $225.00 to $215.00 and set an "underweight" rating on the stock in a research report on Tuesday. Citigroup assumed coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective on the stock. Cfra set a $225.00 price objective on shares of Asbury Automotive Group in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $253.00.

About Asbury Automotive Group

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.