Seaport Res Ptn Analysts Reduce Earnings Estimates for ABG

Asbury Automotive Group, Inc. (NYSE:ABG) – Research analysts at Seaport Res Ptn dropped their FY2026 earnings per share estimates for Asbury Automotive Group in a research report issued on Tuesday, October 14th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings of $26.48 per share for the year, down from their previous estimate of $26.71. The consensus estimate for Asbury Automotive Group’s current full-year earnings is $26.28 per share.

Other equities analysts have also issued reports about the company. Morgan Stanley lifted their price objective on Asbury Automotive Group from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Zacks Research raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Bank of America cut their price objective on Asbury Automotive Group from $335.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Citigroup reaffirmed a “neutral” rating on shares of Asbury Automotive Group in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Asbury Automotive Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $251.14.

Asbury Automotive Group Price Performance

Asbury Automotive Group stock opened at $245.05 on Thursday. The stock’s 50 day moving average is $245.51 and its 200 day moving average is $236.64. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.30 and a quick ratio of 0.49. The firm has a market cap of $4.82 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.61 and a beta of 0.85. Asbury Automotive Group has a one year low of $201.68 and a one year high of $312.56.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $7.43 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.61. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.44 billion. Asbury Automotive Group had a return on equity of 15.41% and a net margin of 3.13%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.40 earnings per share.

Institutional Investors Weigh In On Asbury Automotive Group

Several hedge funds and other institutional investors have recently modified their holdings of ABG. Osaic Holdings Inc. increased its holdings in shares of Asbury Automotive Group by 69.2% during the second quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after acquiring an additional 54 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Asbury Automotive Group during the first quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Asbury Automotive Group by 64.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 206 shares of the company’s stock valued at $49,000 after acquiring an additional 81 shares in the last quarter. eCIO Inc. bought a new stake in shares of Asbury Automotive Group during the first quarter valued at approximately $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Asbury Automotive Group by 104.2% during the second quarter. EverSource Wealth Advisors LLC now owns 337 shares of the company’s stock valued at $80,000 after acquiring an additional 172 shares in the last quarter.

Insiders Place Their Bets

In other Asbury Automotive Group news, SVP Jed Milstein sold 1,132 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $253.26, for a total value of $286,690.32. Following the transaction, the senior vice president directly owned 11,267 shares of the company’s stock, valued at approximately $2,853,480.42. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maureen F. Morrison sold 800 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $255.61, for a total value of $204,488.00. Following the completion of the transaction, the director directly owned 5,824 shares in the company, valued at approximately $1,488,672.64. This trade represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,957 shares of company stock valued at $745,501 in the last ninety days. 0.59% of the stock is owned by corporate insiders.

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.