Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) - Analysts at Seaport Res Ptn lowered their FY2024 EPS estimates for shares of Asbury Automotive Group in a research note issued on Monday, November 11th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $26.14 for the year, down from their previous estimate of $26.60. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Asbury Automotive Group's current full-year earnings is $25.37 per share. Seaport Res Ptn also issued estimates for Asbury Automotive Group's FY2025 earnings at $25.45 EPS.
Asbury Automotive Group (NYSE:ABG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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 previous year, the business posted $8.12 EPS. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year.
Several other research firms have also weighed in on ABG. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Stephens began coverage on shares of Asbury Automotive Group in a research note on Thursday, September 12th. They issued an "equal weight" rating and a $216.00 price objective for the company. JPMorgan Chase & Co. decreased their price target 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. Bank of America decreased their price target 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. Finally, Craig Hallum boosted their price target on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Asbury Automotive Group currently has a consensus rating of "Hold" and an average target price of $256.20.
Check Out Our Latest Stock Analysis on Asbury Automotive Group
Asbury Automotive Group Trading Up 2.4 %
Asbury Automotive Group stock traded up $6.23 during mid-day trading on Wednesday, hitting $264.89. 155,225 shares of the stock were exchanged, compared to its average volume of 185,293. The firm's fifty day simple moving average is $231.86 and its two-hundred day simple moving average is $233.74. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 14.99 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 has a 12 month low of $195.09 and a 12 month high of $277.13.
Hedge Funds Weigh In On Asbury Automotive Group
A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Asbury Automotive Group by 11.7% in the 1st quarter. Empowered Funds LLC now owns 4,068 shares of the company's stock worth $959,000 after buying an additional 427 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Asbury Automotive Group in the 1st quarter worth about $842,000. Russell Investments Group Ltd. boosted its holdings in shares of Asbury Automotive Group by 15.4% in the 1st quarter. Russell Investments Group Ltd. now owns 19,467 shares of the company's stock worth $4,590,000 after buying an additional 2,591 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Asbury Automotive Group by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,173 shares of the company's stock worth $984,000 after buying an additional 287 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Asbury Automotive Group by 11.7% in the 1st quarter. Foundry Partners LLC now owns 21,040 shares of the company's stock worth $4,961,000 after buying an additional 2,198 shares during the last quarter.
Asbury Automotive Group Company Profile
(
Get Free Report)
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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