Asbury Automotive Group (NYSE:ABG) Posts Quarterly Earnings Results, Beats Estimates By $1.22 EPS

Asbury Automotive Group (NYSE:ABG - Get Free Report) issued its earnings results on Thursday. The company reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.04 by $1.22, Zacks reports. Asbury Automotive Group had a return on equity of 16.29% and a net margin of 2.50%. During the same period last year, the company earned $7.12 earnings per share.

Asbury Automotive Group Trading Down 2.4 %

Shares of ABG stock traded down $7.00 during trading hours on Monday, reaching $289.68. The company's stock had a trading volume of 351,943 shares, compared to its average volume of 225,921. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. Asbury Automotive Group has a one year low of $195.09 and a one year high of $312.56. The stock has a market capitalization of $5.67 billion, a P/E ratio of 13.47 and a beta of 1.20. The firm's fifty day simple moving average is $254.15 and its 200 day simple moving average is $243.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ABG shares. Bank of America cut their price objective on shares of Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Craig Hallum raised their price objective on Asbury Automotive Group from $240.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Seaport Res Ptn cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Asbury Automotive Group currently has a consensus rating of "Hold" and a consensus price target of $255.20.

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.