Stephens initiated protection on shares of Asbury Automotive Group (NYSE:ABG – Free Report) in a analysis report despatched to traders on Thursday morning, Marketbeat Rankings studies. The brokerage issued an equal weight ranking and a $216.00 value goal on the inventory.
A number of different analysts have additionally issued studies on ABG. JPMorgan Chase & Co. elevated their value goal on shares of Asbury Automotive Group from $230.00 to $265.00 and gave the inventory a impartial ranking in a analysis report on Tuesday, September tenth. Morgan Stanley elevated their value goal on shares of Asbury Automotive Group from $185.00 to $190.00 and gave the inventory an underweight ranking in a analysis report on Wednesday, August 14th. Lastly, StockNews.com lowered shares of Asbury Automotive Group from a maintain ranking to a promote ranking in a analysis report on Monday, August twelfth. Two analysts have rated the inventory with a promote ranking and three have given a maintain ranking to the corporate. Primarily based on information from MarketBeat, the inventory at the moment has a mean ranking of Maintain and a mean value goal of $225.25.
Learn Our Newest Inventory Evaluation on Asbury Automotive Group
Asbury Automotive Group Inventory Up 4.1 %
Shares of ABG opened at $221.70 on Thursday. Asbury Automotive Group has a 12 month low of $178.40 and a 12 month excessive of $277.13. The agency’s 50 day transferring common is $237.88 and its 200-day transferring common is $228.82. The inventory has a market capitalization of $4.43 billion, a PE ratio of 8.08 and a beta of 1.16. The corporate has a present ratio of 1.25, a fast ratio of 0.45 and a debt-to-equity ratio of 1.05.
Asbury Automotive Group (NYSE:ABG – Get Free Report) final introduced its earnings outcomes on Friday, August 2nd. The corporate reported $6.40 EPS for the quarter, lacking the consensus estimate of $7.31 by ($0.91). The enterprise had income of $4.20 billion for the quarter, in comparison with the consensus estimate of $4.31 billion. Asbury Automotive Group had a return on fairness of 17.93% and a internet margin of two.51%. The agency’s income for the quarter was up 17.3% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the enterprise posted $8.95 earnings per share. Equities analysis analysts forecast that Asbury Automotive Group will publish 26.99 EPS for the present 12 months.
Insider Shopping for and Promoting at Asbury Automotive Group
In different Asbury Automotive Group information, CEO David W. Hult offered 500 shares of the agency’s inventory in a transaction that occurred on Wednesday, August 14th. The shares had been offered at a mean value of $227.18, for a complete worth of $113,590.00. Following the sale, the chief govt officer now owns 56,834 shares within the firm, valued at $12,911,548.12. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by this hyperlink. In different information, main shareholder Impactive Capital Lp offered 8,353 shares of Asbury Automotive Group inventory in a transaction on Wednesday, August 14th. The shares had been offered at a mean value of $225.63, for a complete transaction of $1,884,687.39. Following the transaction, the insider now owns 2,008,649 shares within the firm, valued at $453,211,473.87. The sale was disclosed in a doc filed with the SEC, which is accessible by the SEC web site. Additionally, CEO David W. Hult offered 500 shares of Asbury Automotive Group inventory in a transaction on Wednesday, August 14th. The inventory was offered at a mean value of $227.18, for a complete transaction of $113,590.00. Following the transaction, the chief govt officer now owns 56,834 shares within the firm, valued at roughly $12,911,548.12. The disclosure for this sale might be discovered right here. Firm insiders personal 0.53% of the corporate’s inventory.
Hedge Funds Weigh In On Asbury Automotive Group
Hedge funds have not too long ago modified their holdings of the enterprise. Atlantic Edge Personal Wealth Administration LLC acquired a brand new place in shares of Asbury Automotive Group throughout the fourth quarter value $28,000. AXS Investments LLC acquired a brand new place in shares of Asbury Automotive Group throughout the fourth quarter value $38,000. Quarry LP acquired a brand new place in shares of Asbury Automotive Group throughout the second quarter value $38,000. GAMMA Investing LLC lifted its holdings in shares of Asbury Automotive Group by 100.0% throughout the second quarter. GAMMA Investing LLC now owns 292 shares of the corporate’s inventory value $67,000 after buying a further 146 shares throughout the interval. Lastly, Ashton Thomas Personal Wealth LLC purchased a brand new place in Asbury Automotive Group throughout the second quarter value $155,000.
Asbury Automotive Group Firm Profile
Asbury Automotive Group, Inc, along with its subsidiaries, operates as an automotive retailer in the USA. It affords a variety of automotive services and products, together with new and used automobiles; and car restore and upkeep providers, alternative components, and collision restore providers.
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