Key Points
- Director B. Christopher Disantis bought 157 shares of Asbury Automotive Group at an average price of $182.31, spending $28,622.67 and increasing his holdings by 2.51% to 6,400 shares.
- The company recently reported mixed quarterly results, with EPS of $5.37 and revenue of $4.11 billion both missing analyst expectations. Revenue also declined 0.9% from a year earlier.
- Wall Street remains cautious on ABG, with analysts assigning an average Hold rating and a consensus price target of $238.00, while the stock traded up 1.3% to $187.70 on Friday.
Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) Director B. Christopher Disantis purchased 157 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $182.31 per share, for a total transaction of $28,622.67. Following the acquisition, the director owned 6,400 shares in the company, valued at $1,166,784. This trade represents a 2.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
B. Christopher Disantis also recently made the following trade(s):
- On Tuesday, March 10th, B. Christopher Disantis acquired 500 shares of Asbury Automotive Group stock. The shares were acquired at an average cost of $202.30 per share, with a total value of $101,150.00.
Asbury Automotive Group Trading Up 1.3%
NYSE:ABG opened at $187.70 on Friday. The stock has a 50-day simple moving average of $196.03 and a 200-day simple moving average of $219.20. The stock has a market cap of $3.49 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.02 and a beta of 0.78. Asbury Automotive Group, Inc. has a 1 year low of $172.01 and a 1 year high of $274.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.29 and a current ratio of 0.94.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $5.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.62 by ($0.25). The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.37 billion. Asbury Automotive Group had a return on equity of 13.39% and a net margin of 3.05%.The company's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $6.82 earnings per share. As a group, analysts anticipate that Asbury Automotive Group, Inc. will post 25.74 earnings per share for the current fiscal year.
Institutional Trading of Asbury Automotive Group
Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in Asbury Automotive Group during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new stake in Asbury Automotive Group during the 4th quarter worth approximately $27,000. Quarry LP lifted its position in Asbury Automotive Group by 319.2% during the 3rd quarter. Quarry LP now owns 109 shares of the company's stock worth $27,000 after acquiring an additional 83 shares during the period. Bogart Wealth LLC lifted its position in Asbury Automotive Group by 52.4% during the 4th quarter. Bogart Wealth LLC now owns 128 shares of the company's stock worth $30,000 after acquiring an additional 44 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Asbury Automotive Group by 69.2% during the 2nd quarter. Osaic Holdings Inc. now owns 132 shares of the company's stock worth $31,000 after acquiring an additional 54 shares during the period.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Citigroup decreased their target price on Asbury Automotive Group from $260.00 to $212.00 and set a "neutral" rating for the company in a research report on Wednesday, April 8th. Morgan Stanley set a $220.00 target price on Asbury Automotive Group in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $235.00 to $220.00 and set an "underweight" rating for the company in a research report on Thursday, May 7th. Weiss Ratings cut Asbury Automotive Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, April 29th. Finally, Barclays upped their target price on Asbury Automotive Group from $230.00 to $235.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Asbury Automotive Group presently has an average rating of "Hold" and a consensus price target of $238.00.
Read Our Latest Stock Analysis on Asbury Automotive Group
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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