Seaport Res Ptn Has Positive Forecast for ABG Q1 Earnings

Asbury Automotive Group, Inc. (NYSE:ABG) – Analysts at Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) estimates for Asbury Automotive Group in a research note issued on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings of $6.54 per share for the quarter, up from their prior forecast of $6.30. The consensus estimate for Asbury Automotive Group’s current full-year earnings is $26.28 per share. Seaport Res Ptn also issued estimates for Asbury Automotive Group’s Q2 2025 earnings at $6.40 EPS, Q3 2025 earnings at $6.78 EPS, Q4 2025 earnings at $7.27 EPS and FY2025 earnings at $26.99 EPS.

A number of other analysts also recently weighed in on the stock. Stephens increased their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Craig Hallum cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $290.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $263.00.

Asbury Automotive Group Trading Up 3.2 %

NYSE:ABG opened at $223.27 on Tuesday. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 10.38 and a beta of 1.04. Asbury Automotive Group has a 1-year low of $201.68 and a 1-year high of $312.56. The business’s 50-day moving average price is $244.28 and its two-hundred day moving average price is $249.71. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98.

Insider Activity at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the sale, the chief operating officer now owns 3,747 shares of the company’s stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asbury Automotive Group

Several hedge funds have recently made changes to their positions in the business. Madison Investment Advisors LLC acquired a new position in Asbury Automotive Group during the fourth quarter worth $82,426,000. Norges Bank acquired a new position in shares of Asbury Automotive Group during the 4th quarter worth about $82,079,000. Artisan Partners Limited Partnership bought a new position in shares of Asbury Automotive Group in the 4th quarter valued at about $51,118,000. GAMMA Investing LLC increased its position in shares of Asbury Automotive Group by 30,639.2% in the first quarter. GAMMA Investing LLC now owns 129,412 shares of the company’s stock valued at $285,790,000 after acquiring an additional 128,991 shares during the last quarter. Finally, Eminence Capital LP increased its position in shares of Asbury Automotive Group by 15.8% during the 4th quarter. Eminence Capital LP now owns 787,775 shares of the company’s stock worth $191,453,000 after purchasing an additional 107,317 shares during the last quarter.

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.