XTX Topco Ltd raised its stake in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 150.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 large investors also recently added to or reduced their stakes in ABG. Dimensional Fund Advisors LP lifted its stake in Asbury Automotive Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock worth $269,322,000 after acquiring an additional 9,688 shares in the last quarter. Eminence Capital LP lifted its stake in Asbury Automotive Group by 15.8% during the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company's stock worth $191,453,000 after acquiring an additional 107,317 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its stake in Asbury Automotive Group by 0.5% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock worth $172,035,000 after acquiring an additional 3,490 shares in the last quarter. Madison Asset Management LLC lifted its stake in Asbury Automotive Group by 10.1% during the 1st quarter. Madison Asset Management LLC now owns 373,320 shares of the company's stock worth $82,444,000 after acquiring an additional 34,160 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Asbury Automotive Group by 9.1% during the 4th quarter. Northern Trust Corp now owns 239,007 shares of the company's stock worth $58,086,000 after acquiring an additional 19,923 shares in the last quarter.
Analyst Upgrades and Downgrades
ABG has been the topic of several research reports. Bank of America increased their target price on Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Wall Street Zen raised Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup began coverage on Asbury Automotive Group in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on Asbury Automotive Group from $225.00 to $215.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 5th. Finally, Cfra set a $225.00 target price on Asbury Automotive Group in a research report on Tuesday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Asbury Automotive Group presently has an average rating of "Hold" and a consensus price target of $253.00.
View Our Latest Research Report on ABG
Asbury Automotive Group Trading Down 0.9%
Shares of NYSE:ABG traded down $2.12 during midday trading on Friday, reaching $221.87. The company's stock had a trading volume of 142,035 shares, compared to its average volume of 229,704. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. The company has a quick ratio of 0.49, a current ratio of 1.30 and a debt-to-equity ratio of 0.78. Asbury Automotive Group, Inc. has a 1 year low of $201.68 and a 1 year high of $312.56. The business has a 50 day moving average price of $238.95 and a 200 day moving average price of $243.36.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $7.43 EPS for the quarter, beating analysts' consensus estimates of $6.82 by $0.61. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.44 billion. Asbury Automotive Group had a return on equity of 15.41% and a net margin of 3.13%. Asbury Automotive Group's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.40 earnings per share. Research analysts forecast that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.
About Asbury Automotive Group
(
Free Report)
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.
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