Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Analysts at Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for Asbury Automotive Group in a note issued to investors on Monday, November 11th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $6.19 for the quarter, down from their prior forecast of $6.52. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Asbury Automotive Group's current full-year earnings is $25.37 per share.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its 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). Asbury Automotive Group had a net margin of 2.16% and a return on equity of 16.51%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $8.12 earnings per share. The firm's revenue was up 15.6% compared to the same quarter last year.
Other analysts have also recently issued reports about the stock. Bank of America decreased their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. StockNews.com raised Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Stephens started coverage on Asbury Automotive Group in a research report on Thursday, September 12th. They set an "equal weight" rating and a $216.00 target price on the stock. Morgan Stanley upgraded Asbury Automotive Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $190.00 to $240.00 in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $256.20.
View Our Latest Report on ABG
Asbury Automotive Group Price Performance
ABG stock traded down $3.17 during trading on Thursday, hitting $261.62. 131,130 shares of the company's stock traded hands, compared to its average volume of 185,048. Asbury Automotive Group has a 52 week low of $195.09 and a 52 week high of $277.13. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 15.05 and a beta of 1.16. The business has a fifty day simple moving average of $231.86 and a 200 day simple moving average of $233.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.
Hedge Funds Weigh In On Asbury Automotive Group
A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Asbury Automotive Group during the third quarter worth $31,000. Quarry LP purchased a new stake in shares of Asbury Automotive Group during the 2nd quarter valued at $38,000. GAMMA Investing LLC raised its stake in Asbury Automotive Group by 100.0% in the second quarter. GAMMA Investing LLC now owns 292 shares of the company's stock valued at $67,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Asbury Automotive Group in the 2nd quarter worth approximately $155,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Asbury Automotive Group during the second quarter worth $190,000.
About Asbury Automotive Group
(
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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.
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