Key Points
- Director B. Christopher Disantis bought 500 shares at $202.30 on March 10 for $101,150, increasing his stake by 10.2% to 5,400 shares valued at about $1.09M.
- The company reported quarterly EPS of $6.67 (vs. $6.70 estimate) and revenue of $4.68B (vs. $4.93B estimate); the stock trades around $198.45, below its 50‑day ($230.83) and 200‑day ($236.71) moving averages, with a P/E of 7.91 and market cap ~$3.82B.
- Analyst views are mixed—Bank of America initiated a buy, Weiss downgraded to hold, Barclays cut its price target to $230—resulting in an average consensus rating of "Hold" and a consensus price target of $247.57.
Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) Director B. Christopher Disantis bought 500 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $202.30 per share, for a total transaction of $101,150.00. Following the transaction, the director directly owned 5,400 shares of the company's stock, valued at $1,092,420. The trade was a 10.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Asbury Automotive Group Stock Performance
ABG traded down $1.07 during trading on Thursday, hitting $198.45. The stock had a trading volume of 47,143 shares, compared to its average volume of 209,907. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.35. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 7.91 and a beta of 0.81. The company has a 50 day moving average price of $230.83 and a 200-day moving average price of $236.71. Asbury Automotive Group, Inc. has a one year low of $195.17 and a one year high of $274.50.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $6.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.70 by ($0.03). The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.93 billion. Asbury Automotive Group had a return on equity of 14.51% and a net margin of 2.73%.The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $7.26 EPS. As a group, research analysts predict that Asbury Automotive Group, Inc. will post 26.28 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on ABG. Bank of America began coverage on Asbury Automotive Group in a report on Wednesday, March 4th. They issued a "buy" rating on the stock. Weiss Ratings downgraded Asbury Automotive Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, February 23rd. Barclays cut their price target on Asbury Automotive Group from $250.00 to $230.00 and set a "reduce" rating on the stock in a research note on Friday, February 6th. Finally, Morgan Stanley set a $230.00 price objective on shares of Asbury Automotive Group in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $247.57.
View Our Latest Research Report on ABG
Hedge Funds Weigh In On Asbury Automotive Group
A number of institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in Asbury Automotive Group in the 4th quarter valued at $25,000. Torren Management LLC acquired a new position in Asbury Automotive Group during the fourth quarter worth $27,000. Quarry LP lifted its stake in shares of Asbury Automotive Group by 319.2% in the third quarter. Quarry LP now owns 109 shares of the company's stock valued at $27,000 after buying an additional 83 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Asbury Automotive Group by 52.4% during the fourth quarter. Bogart Wealth LLC now owns 128 shares of the company's stock valued at $30,000 after buying an additional 44 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Asbury Automotive Group by 69.2% during the second quarter. Osaic Holdings Inc. now owns 132 shares of the company's stock valued at $31,000 after buying an additional 54 shares during the last quarter.
Asbury Automotive Group Company Profile
(
Get Free Report)
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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