What is Seaport Res Ptn's Forecast for ABG Q1 Earnings?

Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Research analysts at Seaport Res Ptn increased their Q1 2025 earnings estimates for shares of Asbury Automotive Group in a report released on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $6.54 for the quarter, up from their prior estimate of $6.30. The consensus estimate for Asbury Automotive Group's current full-year earnings is $26.28 per share. Seaport Res Ptn also issued estimates for Asbury Automotive Group's Q2 2025 earnings at $6.40 EPS, Q3 2025 earnings at $6.78 EPS, Q4 2025 earnings at $7.27 EPS and FY2025 earnings at $26.99 EPS.

Other equities analysts have also recently issued research reports about the company. Stephens upped their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Craig Hallum lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of Asbury Automotive Group in a research report on Wednesday. They set a "neutral" rating and a $236.00 price target for the company. Seven 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 stock has a consensus rating of "Hold" and a consensus price target of $258.50.

Asbury Automotive Group Stock Up 1.0 %

NYSE:ABG traded up $2.31 during mid-day trading on Tuesday, hitting $223.84. The company had a trading volume of 153,190 shares, compared to its average volume of 202,048. Asbury Automotive Group has a 1 year low of $201.68 and a 1 year high of $312.56. The business has a fifty day simple moving average of $237.91 and a 200-day simple moving average of $249.23. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 10.41 and a beta of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GoodHaven Capital Management LLC bought a new stake in shares of Asbury Automotive Group during the 4th quarter worth about $2,916,000. Magnolia Group LLC boosted its stake in Asbury Automotive Group by 2.1% during the fourth quarter. Magnolia Group LLC now owns 149,123 shares of the company's stock valued at $36,241,000 after buying an additional 3,000 shares in the last quarter. Intech Investment Management LLC boosted its stake in Asbury Automotive Group by 52.3% during the fourth quarter. Intech Investment Management LLC now owns 7,805 shares of the company's stock valued at $1,897,000 after buying an additional 2,680 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Asbury Automotive Group during the fourth quarter worth about $221,000. Finally, Charles Schwab Investment Management Inc. raised its position in Asbury Automotive Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,766 shares of the company's stock worth $51,465,000 after acquiring an additional 3,273 shares in the last quarter.

Insider Buying and Selling at Asbury Automotive Group

In other news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at approximately $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

About Asbury Automotive Group

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.