BNP Paribas Financial Markets Sells 3,514 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

BNP Paribas Financial Markets cut its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,534 shares of the company's stock after selling 3,514 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of Asbury Automotive Group worth $3,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its holdings in Asbury Automotive Group by 47.4% during the 3rd quarter. FMR LLC now owns 2,141 shares of the company's stock worth $511,000 after purchasing an additional 688 shares during the last quarter. Quantbot Technologies LP boosted its position in Asbury Automotive Group by 172.1% during the third quarter. Quantbot Technologies LP now owns 14,191 shares of the company's stock valued at $3,386,000 after acquiring an additional 8,976 shares during the last quarter. Cerity Partners LLC grew its holdings in Asbury Automotive Group by 36.7% during the 3rd quarter. Cerity Partners LLC now owns 6,064 shares of the company's stock worth $1,447,000 after acquiring an additional 1,628 shares during the period. Citigroup Inc. raised its position in shares of Asbury Automotive Group by 23.9% in the 3rd quarter. Citigroup Inc. now owns 54,917 shares of the company's stock worth $13,103,000 after acquiring an additional 10,603 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Asbury Automotive Group in the 3rd quarter valued at about $1,223,000.

Wall Street Analysts Forecast Growth

ABG has been the subject of a number of research analyst reports. StockNews.com upgraded Asbury Automotive Group from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Seaport Res Ptn cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Morgan Stanley raised shares of Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $190.00 to $240.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on Asbury Automotive Group from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum increased 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. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $256.20.

Asbury Automotive Group Stock Down 0.1 %

ABG traded down $0.18 during mid-day trading on Friday, reaching $258.98. 99,625 shares of the stock were exchanged, compared to its average volume of 183,321. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The stock has a market capitalization of $5.07 billion, a PE ratio of 14.66 and a beta of 1.18. Asbury Automotive Group, Inc. has a 1 year low of $195.09 and a 1 year high of $277.13. The company has a 50 day moving average price of $243.74 and a two-hundred day moving average price of $237.70.

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

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.