Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,493 shares of the company's stock after selling 1,996 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.06% of Asbury Automotive Group worth $49,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ABG. Janus Henderson Group PLC increased its position in Asbury Automotive Group by 0.5% in the first quarter. Janus Henderson Group PLC now owns 10,980 shares of the company's stock worth $2,588,000 after purchasing an additional 60 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Asbury Automotive Group by 56.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,446 shares of the company's stock valued at $333,000 after buying an additional 521 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Asbury Automotive Group in the 1st quarter valued at about $537,000. Boston Partners purchased a new position in Asbury Automotive Group in the first quarter worth about $878,000. Finally, GAMMA Investing LLC increased its stake in Asbury Automotive Group by 100.0% during the second quarter. GAMMA Investing LLC now owns 292 shares of the company's stock worth $67,000 after acquiring an additional 146 shares during the last quarter.

Asbury Automotive Group Stock Down 0.1 %

Shares of ABG stock traded down $0.20 on Friday, hitting $259.83. The stock had a trading volume of 66,049 shares, compared to its average volume of 160,004. Asbury Automotive Group, Inc. has a one year low of $195.09 and a one year high of $277.13. The business has a 50 day moving average price of $240.91 and a 200 day moving average price of $236.92. The company has a market cap of $5.09 billion, a PE ratio of 14.70 and a beta of 1.16. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing analysts' consensus estimates of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the firm posted $8.12 EPS. Asbury Automotive Group's revenue was up 15.6% on a year-over-year basis. Research analysts anticipate that Asbury Automotive Group, Inc. will post 25.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ABG shares. Craig Hallum lifted their target price on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Stephens began coverage on shares of Asbury Automotive Group in a research report on Thursday, September 12th. They set an "equal weight" rating and a $216.00 price objective on the stock. Morgan Stanley upgraded shares of Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $190.00 to $240.00 in a report on Wednesday, September 25th. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Seaport Res Ptn cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $256.20.

Asbury Automotive Group Company Profile

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.