Asbury Automotive Group, Inc. (NYSE:ABG) Receives $263.00 Average Target Price from Analysts

Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have been given an average recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $263.00.

A number of analysts have weighed in on the company. Stephens increased their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Craig Hallum downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, March 27th.

Insider Buying and Selling

In related news, COO Daniel Clara sold 1,217 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the completion of the transaction, the chief operating officer now owns 3,747 shares of the company’s stock, valued at $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by insiders.

Institutional Trading of Asbury Automotive Group

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Asbury Automotive Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company’s stock valued at $269,322,000 after buying an additional 9,688 shares in the last quarter. State Street Corp increased its holdings in shares of Asbury Automotive Group by 0.5% during the third quarter. State Street Corp now owns 801,391 shares of the company’s stock valued at $191,204,000 after acquiring an additional 3,672 shares in the last quarter. Eminence Capital LP raised its position in shares of Asbury Automotive Group by 15.8% in the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company’s stock valued at $191,453,000 after purchasing an additional 107,317 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in shares of Asbury Automotive Group by 0.5% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company’s stock valued at $172,035,000 after purchasing an additional 3,490 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in Asbury Automotive Group during the 4th quarter worth approximately $82,426,000.

Asbury Automotive Group Trading Up 2.0 %

Shares of NYSE ABG opened at $228.22 on Monday. Asbury Automotive Group has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 10.61 and a beta of 1.04. The business’s 50 day moving average price is $255.17 and its 200-day moving average price is $250.22.

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.