Seaport Res Ptn Issues Positive Forecast for ABG Earnings

Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Seaport Res Ptn increased their Q2 2025 earnings per share estimates for Asbury Automotive Group in a report released on Wednesday, July 16th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings per share of $6.85 for the quarter, up from their prior estimate of $6.84. The consensus estimate for Asbury Automotive Group's current full-year earnings is $26.28 per share.

A number of other research analysts also recently commented on ABG. Bank of America increased their target price on Asbury Automotive Group from $325.00 to $335.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Wall Street Zen raised Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. downgraded Asbury Automotive Group from a "neutral" rating to an "underweight" rating and cut their target price for the company from $235.00 to $225.00 in a research note on Thursday. Finally, Citigroup began coverage on Asbury Automotive Group in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $259.33.

Asbury Automotive Group Price Performance

Shares of NYSE ABG opened at $232.32 on Friday. Asbury Automotive Group has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The business has a 50 day moving average price of $239.64 and a two-hundred day moving average price of $245.10. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.57 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $6.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.84 by ($0.02). Asbury Automotive Group had a net margin of 2.42% and a return on equity of 15.41%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the business posted $7.21 EPS. Asbury Automotive Group's quarterly revenue was down 1.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Asbury Automotive Group during the 4th quarter worth $82,079,000. Artisan Partners Limited Partnership acquired a new stake in shares of Asbury Automotive Group in the fourth quarter valued at about $51,118,000. GAMMA Investing LLC increased its position in shares of Asbury Automotive Group by 30,639.2% in the first quarter. GAMMA Investing LLC now owns 129,412 shares of the company's stock valued at $285,790,000 after acquiring an additional 128,991 shares during the last quarter. Eminence Capital LP increased its position in shares of Asbury Automotive Group by 15.8% in the fourth quarter. Eminence Capital LP now owns 787,775 shares of the company's stock valued at $191,453,000 after acquiring an additional 107,317 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Asbury Automotive Group by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 278,760 shares of the company's stock valued at $61,561,000 after acquiring an additional 91,767 shares during the last quarter.

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.

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