Asbury Automotive Group, Inc. (NYSE:ABG) – Stock analysts at Seaport Global Securities reduced their Q1 2021 earnings estimates for Asbury Automotive Group in a research note issued on Wednesday, February 3rd. Seaport Global Securities analyst G. Chin now expects that the company will post earnings per share of $3.99 for the quarter, down from their previous estimate of $4.00. Seaport Global Securities currently has a “Buy” rating and a $133.00 target price on the stock. Seaport Global Securities also issued estimates for Asbury Automotive Group’s Q2 2021 earnings at $3.72 EPS, Q3 2021 earnings at $3.85 EPS, Q4 2021 earnings at $3.40 EPS, FY2021 earnings at $14.96 EPS and FY2022 earnings at $15.98 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Truist boosted their target price on shares of Asbury Automotive Group from $130.00 to $180.00 in a report on Friday, January 15th. Morgan Stanley upgraded Asbury Automotive Group from an “equal weight” rating to an “overweight” rating and set a $170.00 price objective on the stock in a research note on Monday, December 7th. Zacks Investment Research downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, January 4th. Craig Hallum upped their price target on Asbury Automotive Group from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Bank of America lowered their price target on shares of Asbury Automotive Group from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Tuesday, November 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $145.88.
ABG opened at $155.12 on Thursday. Asbury Automotive Group has a 12 month low of $88.74 and a 12 month high of $269.28. The company has a market cap of $2.99 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.61 and a beta of 1.75. The company has a current ratio of 1.07, a quick ratio of 0.39 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $151.92 and a 200 day moving average of $122.14.
Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Monday, February 1st. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $4.13 by $0.31. Asbury Automotive Group had a net margin of 3.08% and a return on equity of 29.87%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $2.53 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in ABG. Simcoe Capital Management LLC purchased a new position in shares of Asbury Automotive Group during the third quarter worth about $34,115,000. BlackRock Inc. grew its stake in Asbury Automotive Group by 3.2% in the 4th quarter. BlackRock Inc. now owns 3,062,866 shares of the company’s stock worth $446,381,000 after buying an additional 94,388 shares in the last quarter. Peregrine Capital Management LLC grew its stake in Asbury Automotive Group by 72.2% in the 4th quarter. Peregrine Capital Management LLC now owns 184,923 shares of the company’s stock worth $26,951,000 after buying an additional 77,512 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Asbury Automotive Group by 42.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,488 shares of the company’s stock worth $18,097,000 after buying an additional 56,565 shares during the last quarter. Finally, AJO LP purchased a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at $4,963,000.
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.
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