Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $63.40.

A number of equities analysts have recently commented on ABG shares. Zacks Investment Research raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Craig Hallum lifted their target price on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, February 7th.

Shares of Asbury Automotive Group (NYSE:ABG) traded down $1.25 during trading on Friday, hitting $67.90. 77,483 shares of the stock were exchanged, compared to its average volume of 230,843. The firm has a market cap of $1,439.54, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.58. Asbury Automotive Group has a fifty-two week low of $49.10 and a fifty-two week high of $76.40. The company has a quick ratio of 0.38, a current ratio of 1.25 and a debt-to-equity ratio of 2.60.

Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, February 6th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 42.06%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. equities analysts expect that Asbury Automotive Group will post 7.06 EPS for the current year.

In other Asbury Automotive Group news, Director Craig T. Monaghan sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $68.57, for a total value of $1,028,550.00. Following the transaction, the director now directly owns 86,112 shares of the company’s stock, valued at approximately $5,904,699.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juanita T. James sold 1,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $66.16, for a total transaction of $99,240.00. The disclosure for this sale can be found here. Insiders sold a total of 45,075 shares of company stock worth $3,090,893 over the last ninety days. Corporate insiders own 11.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ABG. Victory Capital Management Inc. increased its stake in Asbury Automotive Group by 39.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,067 shares of the company’s stock valued at $187,000 after buying an additional 862 shares during the period. Balter Liquid Alternatives LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at $200,000. Public Employees Retirement System of Ohio increased its stake in Asbury Automotive Group by 10.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,673 shares of the company’s stock valued at $208,000 after buying an additional 340 shares during the period. Ingalls & Snyder LLC acquired a new position in Asbury Automotive Group in the 4th quarter valued at $218,000. Finally, Parametrica Management Ltd acquired a new position in Asbury Automotive Group in the 3rd quarter valued at $223,000.

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Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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