Seaport Res Ptn Issues Optimistic Forecast for ABG Earnings

Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2026 EPS estimates for Asbury Automotive Group in a report released on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now anticipates that the company will earn $26.08 per share for the year, up from their previous forecast of $25.73. The consensus estimate for Asbury Automotive Group's current full-year earnings is $26.28 per share.

Several other equities research analysts have also weighed in on the company. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Citigroup initiated coverage on Asbury Automotive Group in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $236.00 target price for the company. Stephens boosted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Asbury Automotive Group presently has an average rating of "Hold" and a consensus price target of $258.50.

Asbury Automotive Group Trading Down 0.6 %

ABG stock traded down $1.35 during midday trading on Wednesday, hitting $222.20. The stock had a trading volume of 139,309 shares, compared to its average volume of 201,464. The company's 50-day moving average price is $237.91 and its 200 day moving average price is $249.61. Asbury Automotive Group has a 12-month low of $201.68 and a 12-month high of $312.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm has a market cap of $4.37 billion, a PE ratio of 10.34 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Asbury Automotive Group during the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings in Asbury Automotive Group by 43.9% in the 1st quarter. Versant Capital Management Inc now owns 164 shares of the company's stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Asbury Automotive Group by 9.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after acquiring an additional 41 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company's stock worth $122,000 after purchasing an additional 351 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Asbury Automotive Group by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 586 shares of the company's stock worth $129,000 after purchasing an additional 165 shares during the period.

Insider Activity

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at $1,111,510.08. This trade represents a 24.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company's stock.

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.