Asbury Automotive Group (ABG) – Research Analysts’ Recent Ratings Updates

Asbury Automotive Group (NYSE: ABG) has recently received a number of price target changes and ratings updates:

  • 6/25/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 6/24/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 6/18/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 6/10/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 6/7/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/30/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/29/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/22/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/21/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/14/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/13/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/7/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/6/2019 – Asbury Automotive Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “
  • 5/6/2019 – Asbury Automotive Group had its price target raised by analysts at Morgan Stanley from $85.00 to $87.00. They now have an “equal weight” rating on the stock.

ABG stock opened at $81.10 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.63 and a beta of 1.21. Asbury Automotive Group, Inc. has a twelve month low of $58.60 and a twelve month high of $84.09. The firm’s 50-day moving average is $79.02.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, April 23rd. The company reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.28. Asbury Automotive Group had a return on equity of 36.35% and a net margin of 2.43%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $1.93 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Asbury Automotive Group, Inc. will post 8.97 EPS for the current fiscal year.

In other Asbury Automotive Group news, VP William Frederick Stax sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the vice president now owns 3,888 shares in the company, valued at $307,735.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene S. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $80.70, for a total value of $242,100.00. Following the completion of the sale, the director now owns 20,122 shares of the company’s stock, valued at approximately $1,623,845.40. The disclosure for this sale can be found here. Insiders sold a total of 32,599 shares of company stock valued at $2,589,539 in the last 90 days. 1.36% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Asbury Automotive Group by 16.1% in the fourth quarter. Rhumbline Advisers now owns 60,298 shares of the company’s stock worth $4,019,000 after acquiring an additional 8,342 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Asbury Automotive Group in the 4th quarter worth approximately $497,000. PNC Financial Services Group Inc. lifted its position in Asbury Automotive Group by 29.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,419 shares of the company’s stock worth $95,000 after buying an additional 325 shares during the last quarter. BlackRock Inc. lifted its position in Asbury Automotive Group by 1.3% in the 4th quarter. BlackRock Inc. now owns 3,384,516 shares of the company’s stock worth $225,611,000 after buying an additional 42,446 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new stake in Asbury Automotive Group in the 4th quarter worth approximately $720,000.

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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