Fox Run Management L.L.C. Takes $543,000 Position in Asbury Automotive Group, Inc. $ABG

Key Points

• Fox Run Management L.L.C. invested approximately $543,000 in Asbury Automotive Group, acquiring 2,458 shares in the first quarter.
• Analysts show mixed sentiments on the stock, with target prices ranging from $215.00 to $335.00 and an overall consensus rating of "Hold."
• Asbury Automotive Group reported $7.43 earnings per share for the last quarter, exceeding expectations, though revenue was slightly lower than anticipated at $4.37 billion.

Fox Run Management L.L.C. acquired a new position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,458 shares of the company's stock, valued at approximately $543,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its holdings in 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Asbury Automotive Group in the first quarter valued at approximately $49,000. GAMMA Investing LLC increased its holdings in Asbury Automotive Group by 39.2% in the first quarter. GAMMA Investing LLC now owns 586 shares of the company's stock valued at $129,000 after buying an additional 165 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Asbury Automotive Group by 801.4% in the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock valued at $153,000 after purchasing an additional 561 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Asbury Automotive Group by 7.5% during the first quarter. CWM LLC now owns 858 shares of the company's stock valued at $189,000 after acquiring an additional 60 shares during the last quarter.

Insider Activity

In other Asbury Automotive Group news, Director Juanita T. James sold 625 shares of Asbury Automotive Group stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $244.10, for a total value of $152,562.50. Following the transaction, the director owned 6,855 shares of the company's stock, valued at approximately $1,673,305.50. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ABG. 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. JPMorgan Chase & Co. decreased their price target on shares of Asbury Automotive Group from $225.00 to $215.00 and set an "underweight" rating for the company in a research report on Tuesday, August 5th. Cfra set a $225.00 price target on shares of Asbury Automotive Group in a research report on Tuesday, July 29th. Morgan Stanley raised their price target on shares of Asbury Automotive Group from $225.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Finally, Bank of America boosted their price target on shares of Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $254.00.

Asbury Automotive Group Price Performance

ABG stock traded up $12.9550 during trading on Friday, hitting $253.0950. The company had a trading volume of 112,305 shares, compared to its average volume of 202,238. The company has a market cap of $4.98 billion, a P/E ratio of 9.24, a P/E/G ratio of 1.59 and a beta of 0.87. 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 current ratio of 1.30, a quick ratio of 0.49 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $239.55 and a two-hundred day moving average price of $241.11.

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

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.