×
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)

Asbury Automotive Group (NYSE:ABG) Raised to Buy at StockNews.com

Thursday, June 23, 2022 | MarketBeat

Asbury Automotive Group (NYSE:ABG - Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Thursday.

A number of other brokerages have also commented on ABG. JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $225.00 to $200.00 and set a "neutral" rating on the stock in a report on Thursday, April 7th. Morgan Stanley lowered shares of Asbury Automotive Group from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $185.00 to $152.00 in a research note on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Asbury Automotive Group has an average rating of "Hold" and an average target price of $206.75.

Shares of NYSE:ABG traded up $1.69 during midday trading on Thursday, reaching $166.36. 138,974 shares of the company were exchanged, compared to its average volume of 284,196. Asbury Automotive Group has a fifty-two week low of $146.43 and a fifty-two week high of $230.96. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.53. The stock has a fifty day simple moving average of $176.11 and a two-hundred day simple moving average of $173.21. The firm has a market cap of $3.68 billion, a PE ratio of 5.17, a P/E/G ratio of 0.25 and a beta of 1.20.


Asbury Automotive Group (NYSE:ABG - Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.92 by $0.35. Asbury Automotive Group had a net margin of 5.86% and a return on equity of 39.72%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business posted $4.68 earnings per share. The firm's quarterly revenue was up 78.4% on a year-over-year basis. As a group, analysts forecast that Asbury Automotive Group will post 35.18 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in shares of Asbury Automotive Group by 22.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 3,160 shares of the company's stock valued at $546,000 after acquiring an additional 582 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Asbury Automotive Group by 32.6% during the 4th quarter. Teacher Retirement System of Texas now owns 4,124 shares of the company's stock worth $712,000 after buying an additional 1,015 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Asbury Automotive Group by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 174,829 shares of the company's stock worth $30,199,000 after buying an additional 15,685 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Asbury Automotive Group during the 4th quarter worth about $1,814,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Asbury Automotive Group by 16.2% during the 4th quarter. State of Alaska Department of Revenue now owns 16,385 shares of the company's stock worth $2,830,000 after buying an additional 2,285 shares during the period.

About Asbury Automotive Group (Get Rating)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Asbury Automotive Group right now?

Before you consider Asbury Automotive Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Asbury Automotive Group wasn't on the list.

While Asbury Automotive Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:


Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastHow To Navigate The Market Downturn Like A Pro

In this episode, Kate sits down with Kyrill Astur, CEO of portfolio management firm Centerfin. Kyrill brings a background from Wall Street and hedge funds to his current role helping individual investors navigate the market challenges while investing for their future.

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.