Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,399 shares of the company's stock after selling 3,420 shares during the quarter. Los Angeles Capital Management LLC's holdings in Asbury Automotive Group were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABG. DekaBank Deutsche Girozentrale acquired a new stake in Asbury Automotive Group during the third quarter worth $36,000. GAMMA Investing LLC acquired a new stake in shares of Asbury Automotive Group in the fourth quarter valued at $48,000. Blue Trust Inc. grew its stake 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 buying an additional 58 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Asbury Automotive Group in the third quarter valued at $202,000. Finally, Paulson Wealth Management Inc. grew its stake in shares of Asbury Automotive Group by 14.3% in the third quarter. Paulson Wealth Management Inc. now owns 985 shares of the company's stock valued at $227,000 after buying an additional 123 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Jed Milstein sold 3,955 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total transaction 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 approximately $1,734,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ABG has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Asbury Automotive Group from $235.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Craig Hallum cut Asbury Automotive Group from a "buy" rating to a "hold" rating and set a $230.00 price objective for the company. in a research note on Thursday, February 8th.

Asbury Automotive Group Stock Up 4.5 %

ABG traded up $10.03 on Monday, hitting $234.85. 219,508 shares of the company were exchanged, compared to its average volume of 168,326. Asbury Automotive Group, Inc. has a twelve month low of $178.40 and a twelve month high of $256.39. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 8.56 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $218.87 and a two-hundred day moving average price of $214.37.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing the consensus estimate of $7.76 by ($0.55). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the firm earned $8.37 earnings per share. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts predict that Asbury Automotive Group, Inc. will post 30.43 earnings per share for the current 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.