What is Seaport Res Ptn's Estimate for ABG FY2026 Earnings?

Key Points

• Asbury Automotive Group's FY2026 earnings estimate was downgraded by Seaport Res Ptn from $26.71 to $26.48, slightly above the consensus estimate of $26.28.
• In its most recent earnings report, Asbury Automotive Group achieved a net margin of 3.13% and a return on equity of 15.41%, with a revenue of $4.37 billion, although it was below analysts' expectations of $4.44 billion.
• Investment firms have varied opinions on Asbury Automotive Group, with price targets ranging from $230 to $277 and overall ratings including Strong Buy, Buy, Hold, and Sell.

Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Stock analysts at Seaport Res Ptn cut their FY2026 earnings estimates for shares of Asbury Automotive Group in a report released on Tuesday, October 14th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings of $26.48 per share for the year, down from their previous forecast of $26.71. The consensus estimate for Asbury Automotive Group's current full-year earnings is $26.28 per share.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $7.43 EPS for the quarter, beating analysts' consensus estimates of $6.82 by $0.61. Asbury Automotive Group had a net margin of 3.13% and a return on equity of 15.41%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $6.40 EPS. Asbury Automotive Group's quarterly revenue was up 3.0% on a year-over-year basis.

ABG has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Asbury Automotive Group from $220.00 to $230.00 and gave the stock an "underweight" rating in a research report on Tuesday. Morgan Stanley increased their price target on shares of Asbury Automotive Group from $225.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Citigroup reiterated a "neutral" rating on shares of Asbury Automotive Group in a research report on Thursday, September 25th. Stephens upgraded shares of Asbury Automotive Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $225.00 to $277.00 in a research report on Wednesday, August 13th. Finally, Bank of America dropped their price objective on shares of Asbury Automotive Group from $335.00 to $300.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $251.14.

Asbury Automotive Group Stock Performance

Shares of NYSE:ABG opened at $248.32 on Thursday. The company's 50 day moving average price is $245.09 and its two-hundred day moving average price is $236.47. Asbury Automotive Group has a 12-month low of $201.68 and a 12-month high of $312.56. The firm has a market cap of $4.88 billion, a PE ratio of 9.07, a PEG ratio of 1.60 and a beta of 0.85. The company has a quick ratio of 0.49, a current ratio of 1.30 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in Asbury Automotive Group during the first quarter worth about $262,000. New York State Teachers Retirement System raised its position in Asbury Automotive Group by 13.7% in the first quarter. New York State Teachers Retirement System now owns 14,846 shares of the company's stock worth $3,279,000 after acquiring an additional 1,787 shares during the period. GAMMA Investing LLC raised its position in Asbury Automotive Group by 39.2% in the first quarter. GAMMA Investing LLC now owns 586 shares of the company's stock worth $129,000 after acquiring an additional 165 shares during the period. Royal Bank of Canada raised its position in Asbury Automotive Group by 5.4% in the first quarter. Royal Bank of Canada now owns 106,948 shares of the company's stock worth $23,619,000 after acquiring an additional 5,468 shares during the period. Finally, TD Asset Management Inc bought a new stake in Asbury Automotive Group in the first quarter worth about $6,037,000.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, Director Maureen F. Morrison sold 800 shares of Asbury Automotive Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $255.61, for a total value of $204,488.00. Following the completion of the sale, the director directly owned 5,824 shares of the company's stock, valued at approximately $1,488,672.64. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jed Milstein sold 1,132 shares of Asbury Automotive Group stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $253.26, for a total transaction of $286,690.32. Following the completion of the sale, the senior vice president directly owned 11,267 shares of the company's stock, valued at approximately $2,853,480.42. This trade represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,957 shares of company stock valued at $745,501. 0.59% of the stock is currently owned by company 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.

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