Weekly Research Analysts’ Ratings Updates for Asbury Automotive Group (ABG)

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A number of research firms have changed their ratings and price targets for Asbury Automotive Group (NYSE: ABG):

  • 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.
  • 4/24/2019 – Asbury Automotive Group was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock.
  • 4/16/2019 – Asbury Automotive Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 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. “

Shares of ABG traded down $0.69 during midday trading on Wednesday, hitting $78.71. 3,187 shares of the company traded hands, compared to its average volume of 165,353. Asbury Automotive Group, Inc. has a one year low of $58.60 and a one year high of $82.30. The stock has a market cap of $1.53 billion, a PE ratio of 9.36, a P/E/G ratio of 0.61 and a beta of 1.20. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 1.85.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.20 EPS for the quarter, topping the Thomson Reuters’ 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 company 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 earnings per share. Asbury Automotive Group’s revenue was up 3.8% on a year-over-year basis. Analysts expect that Asbury Automotive Group, Inc. will post 8.97 earnings per share for the current fiscal year.

In other news, CEO David W. Hult sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $79.25, for a total transaction of $1,188,750.00. Following the completion of the transaction, the chief executive officer now owns 25,703 shares of the company’s stock, valued at $2,036,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Frederick Stax sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the vice president now directly owns 3,888 shares of the company’s stock, valued at approximately $307,735.20. The disclosure for this sale can be found here. Insiders have sold 32,599 shares of company stock valued at $2,589,539 in the last three months. 1.36% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Asbury Automotive Group by 26.1% in the first quarter. Bank of Montreal Can now owns 1,010 shares of the company’s stock worth $71,000 after buying an additional 209 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Asbury Automotive Group by 29.7% in the fourth 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Asbury Automotive Group by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $107,000 after buying an additional 390 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Asbury Automotive Group in the first quarter worth approximately $110,000. Finally, Denali Advisors LLC boosted its stake in Asbury Automotive Group by 3,991.5% in the first quarter. Denali Advisors LLC now owns 1,923 shares of the company’s stock worth $133,000 after buying an additional 1,876 shares in the last quarter.

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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