Zacks Investment Research cut shares of Asbury Automotive Group (NYSE:ABG) from a strong-buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Asbury Automotive Group, Inc. is one of the largest automotive retailers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. They sell used vehicles at all franchised dealership locations and stand-alone stores. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. They provide vehicle repair and maintenance services, sell replacement parts, and recondition used vehicles at all of our dealerships. “

Several other brokerages also recently weighed in on ABG. Morgan Stanley increased their price target on Sonic Automotive from $10.00 to $18.00 and gave the stock an underweight rating in a research report on Monday, May 6th. Craig Hallum raised Asbury Automotive Group from a hold rating to a buy rating and set a $90.00 price target on the stock in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $84.00.

Shares of ABG stock opened at $84.16 on Monday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a fifty day moving average price of $80.53. Asbury Automotive Group has a 1 year low of $58.60 and a 1 year high of $87.16.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.28. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Asbury Automotive Group had a return on equity of 36.35% and a net margin of 2.43%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. Equities analysts predict that Asbury Automotive Group will post 9.01 earnings per share for the current year.

In other Asbury Automotive Group news, CEO David W. Hult sold 15,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $79.25, for a total transaction of $1,188,750.00. Following the sale, the chief executive officer now directly owns 25,703 shares of the company’s stock, valued at approximately $2,036,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sean D. Goodman sold 3,299 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $79.77, for a total value of $263,161.23. Following the sale, the chief financial officer now owns 26,183 shares in the company, valued at $2,088,617.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,599 shares of company stock worth $2,589,539 over the last ninety days. 1.36% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Asbury Automotive Group by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,592 shares of the company’s stock valued at $527,000 after acquiring an additional 137 shares during the period. Mason Street Advisors LLC grew its position in shares of Asbury Automotive Group by 2.9% during the 1st quarter. Mason Street Advisors LLC now owns 6,262 shares of the company’s stock valued at $434,000 after acquiring an additional 175 shares during the period. Bank of Montreal Can grew its position in shares of Asbury Automotive Group by 26.1% during the 1st quarter. Bank of Montreal Can now owns 1,010 shares of the company’s stock valued at $71,000 after acquiring an additional 209 shares during the period. Piedmont Investment Advisors Inc. grew its position in shares of Asbury Automotive Group by 5.6% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,922 shares of the company’s stock valued at $341,000 after acquiring an additional 262 shares during the period. Finally, Comerica Bank grew its position in shares of Asbury Automotive Group by 1.5% during the 1st quarter. Comerica Bank now owns 19,385 shares of the company’s stock valued at $1,408,000 after acquiring an additional 286 shares during the period.

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.

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