Asbury Automotive Group (NYSE:ABG) – Equities research analysts at Jefferies Group increased their Q2 2018 earnings per share estimates for shares of Asbury Automotive Group in a note issued to investors on Tuesday, April 24th. Jefferies Group analyst B. Jordan now expects that the company will earn $1.98 per share for the quarter, up from their prior estimate of $1.97. Jefferies Group also issued estimates for Asbury Automotive Group’s Q3 2018 earnings at $1.96 EPS, Q4 2018 earnings at $2.03 EPS, FY2018 earnings at $7.90 EPS, Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $2.04 EPS, Q4 2019 earnings at $2.10 EPS and FY2019 earnings at $8.15 EPS.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Asbury Automotive Group had a net margin of 2.23% and a return on equity of 40.15%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share.

A number of other analysts have also recently commented on ABG. Craig Hallum upped their price target on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research report on Friday, February 9th. Morgan Stanley upped their price target on shares of Asbury Automotive Group from $53.00 to $63.00 and gave the company an “underweight” rating in a research report on Wednesday, March 14th. Finally, Buckingham Research upped their price target on shares of Asbury Automotive Group from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Asbury Automotive Group has an average rating of “Hold” and an average target price of $67.00.

Shares of ABG opened at $68.75 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.45 and a debt-to-equity ratio of 2.19. The firm has a market cap of $1,472.29, a price-to-earnings ratio of 10.69, a PEG ratio of 0.85 and a beta of 1.55. Asbury Automotive Group has a 12 month low of $49.10 and a 12 month high of $76.40.

In other news, SVP George Karolis sold 3,150 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $69.54, for a total transaction of $219,051.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig T. Monaghan sold 15,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $68.57, for a total transaction of $1,028,550.00. Following the transaction, the director now directly owns 86,112 shares in the company, valued at approximately $5,904,699.84. The disclosure for this sale can be found here. Insiders have sold 50,825 shares of company stock worth $3,488,688 in the last ninety days. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in shares of Asbury Automotive Group by 2.2% during the 4th quarter. Teachers Advisors LLC now owns 34,334 shares of the company’s stock worth $2,197,000 after purchasing an additional 744 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Asbury Automotive Group by 10.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 9,013 shares of the company’s stock worth $577,000 after purchasing an additional 856 shares in the last quarter. Parametrica Management Ltd boosted its position in shares of Asbury Automotive Group by 29.4% during the 4th quarter. Parametrica Management Ltd now owns 4,719 shares of the company’s stock worth $302,000 after purchasing an additional 1,071 shares in the last quarter. Koch Industries Inc. boosted its position in shares of Asbury Automotive Group by 29.5% during the 4th quarter. Koch Industries Inc. now owns 5,200 shares of the company’s stock worth $333,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Asbury Automotive Group during the 4th quarter worth about $102,000.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

Earnings History and Estimates for Asbury Automotive Group (NYSE:ABG)

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