Asbury Automotive Group, Inc. (NYSE:ABG) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 108.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,087 shares of the company's stock after purchasing an additional 10,448 shares during the period. Millennium Management LLC owned approximately 0.10% of Asbury Automotive Group worth $4,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in Asbury Automotive Group during the fourth quarter valued at approximately $25,000. CIBC Private Wealth Group LLC increased its holdings in Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after buying an additional 41 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Asbury Automotive Group by 234.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock valued at $122,000 after buying an additional 351 shares during the last quarter. Headlands Technologies LLC increased its holdings in Asbury Automotive Group by 275.2% during the fourth quarter. Headlands Technologies LLC now owns 604 shares of the company's stock valued at $147,000 after buying an additional 443 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Asbury Automotive Group by 801.4% during the fourth quarter. Sterling Capital Management LLC now owns 631 shares of the company's stock valued at $153,000 after buying an additional 561 shares during the last quarter.

Asbury Automotive Group Stock Performance

Shares of ABG traded up $1.47 during trading hours on Monday, hitting $229.38. The stock had a trading volume of 259,993 shares, compared to its average volume of 202,132. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The firm has a 50-day moving average price of $224.12 and a 200 day moving average price of $247.34. Asbury Automotive Group, Inc. has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 10.66 and a beta of 0.98.

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

Analysts Set New Price Targets

ABG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Bank of America began coverage on shares of Asbury Automotive Group in a research report on Wednesday, May 28th. They issued a "buy" rating and a $325.00 price target for the company. Stephens upped their target price on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Citigroup began coverage on shares of Asbury Automotive Group in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 target price for the company. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $261.83.

Asbury Automotive Group 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.