57,142 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57,142 shares of the company's stock, valued at approximately $12,855,000. International Assets Investment Management LLC owned 0.28% of Asbury Automotive Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Asbury Automotive Group by 31.2% in the fourth quarter. Blue Trust Inc. now owns 244 shares of the company's stock valued at $56,000 after acquiring an additional 58 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Asbury Automotive Group in the fourth quarter valued at about $247,000. Deutsche Bank AG raised its holdings in shares of Asbury Automotive Group by 9.2% in the third quarter. Deutsche Bank AG now owns 10,324 shares of the company's stock valued at $2,375,000 after acquiring an additional 870 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Asbury Automotive Group in the third quarter valued at about $327,000. Finally, Walleye Capital LLC purchased a new position in Asbury Automotive Group in the third quarter valued at about $636,000.

Asbury Automotive Group Stock Performance

Shares of Asbury Automotive Group stock traded down $2.87 on Friday, reaching $217.51. 182,018 shares of the stock were exchanged, compared to its average volume of 151,208. Asbury Automotive Group, Inc. has a twelve month low of $178.40 and a twelve month high of $256.39. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 7.61 and a beta of 1.18. The business has a 50 day moving average price of $216.65 and a two-hundred day moving average price of $213.36. The company has a quick ratio of 0.45, a current ratio of 1.06 and a debt-to-equity ratio of 0.96.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $7.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.74 by ($0.62). Asbury Automotive Group had a net margin of 4.07% and a return on equity of 21.68%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the firm posted $9.12 earnings per share. The company's revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Asbury Automotive Group, Inc. will post 31.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Craig Hallum lowered Asbury Automotive Group from a "buy" rating to a "hold" rating and set a $230.00 price target on the stock. in a research note on Thursday, February 8th.

Insider Buying and Selling at Asbury Automotive Group

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total value of $826,595.00. Following the completion of the transaction, the senior vice president now directly owns 8,300 shares of the company's stock, valued at $1,734,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

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.