Seaport Res Ptn Issues Optimistic Estimate for ABG Earnings

Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Equities researchers at Seaport Res Ptn increased their Q1 2025 earnings per share (EPS) estimates for Asbury Automotive Group in a research note issued to investors on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now forecasts that the company will earn $6.54 per share for the quarter, up from their previous forecast of $6.30. The consensus estimate for Asbury Automotive Group's current full-year earnings is $26.28 per share. Seaport Res Ptn also issued estimates for Asbury Automotive Group's Q2 2025 earnings at $6.40 EPS, Q3 2025 earnings at $6.78 EPS, Q4 2025 earnings at $7.27 EPS and FY2025 earnings at $26.99 EPS.

Other equities analysts have also recently issued reports about the company. Stephens increased their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Craig Hallum cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Citigroup started coverage on Asbury Automotive Group in a report on Wednesday. They set a "neutral" rating and a $236.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Asbury Automotive Group currently has an average rating of "Hold" and an average price target of $258.50.

Asbury Automotive Group Trading Up 1.0 %

ABG stock traded up $2.31 during trading on Tuesday, hitting $223.84. The company had a trading volume of 153,190 shares, compared to its average volume of 201,694. The business has a 50-day moving average of $237.91 and a 200-day moving average of $249.61. Asbury Automotive Group has a one year low of $201.68 and a one year high of $312.56. The stock has a market cap of $4.40 billion, a PE ratio of 10.41 and a beta of 1.04. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

Insider Activity at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the sale, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. This represents a 24.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its stake in Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock valued at $117,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can grew its stake in Asbury Automotive Group by 2.0% in the 4th quarter. Bank of Montreal Can now owns 2,502 shares of the company's stock valued at $608,000 after purchasing an additional 48 shares during the period. SkyView Investment Advisors LLC grew its stake in Asbury Automotive Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock valued at $506,000 after purchasing an additional 50 shares during the period. Versant Capital Management Inc grew its stake 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 during the period. Finally, Vista Finance LLC grew its stake in shares of Asbury Automotive Group by 7.0% during the 1st quarter. Vista Finance LLC now owns 982 shares of the company's stock worth $217,000 after acquiring an additional 64 shares during the period.

About Asbury Automotive Group

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.