Asbury Automotive Group Inc. (NYSE:ABG) rose 5.4% on Friday . The company traded as high as $54.45 and last traded at $54.36, with a volume of 148,016 shares traded. The stock had previously closed at $51.59.

ABG has been the subject of a number of research reports. Jefferies Group initiated coverage on Asbury Automotive Group in a report on Monday, April 11th. They set a “hold” rating and a $60.00 target price for the company. Zacks Investment Research raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.38.

The stock’s 50-day moving average price is $54.48 and its 200-day moving average price is $55.89. The firm has a market cap of $1.21 billion and a PE ratio of 8.51.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The business earned $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts forecast that Asbury Automotive Group Inc. will post $6.10 EPS for the current year.

In other news, SVP George Karolis sold 1,717 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $60.47, for a total transaction of $103,826.99. Following the transaction, the senior vice president now owns 7,537 shares of the company’s stock, valued at approximately $455,762.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis E. Clements sold 2,034 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $53.31, for a total value of $108,432.54. Following the transaction, the director now directly owns 24,943 shares in the company, valued at approximately $1,329,711.33. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Asbury Automotive Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 32,888 shares of the company’s stock worth $2,218,000 after buying an additional 1,050 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Asbury Automotive Group by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 84,600 shares of the company’s stock worth $5,705,000 after buying an additional 1,200 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Asbury Automotive Group by 9.5% in the fourth quarter. Jennison Associates LLC now owns 21,820 shares of the company’s stock worth $1,472,000 after buying an additional 1,899 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Asbury Automotive Group by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 162,222 shares of the company’s stock worth $10,940,000 after buying an additional 4,520 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its position in shares of Asbury Automotive Group by 16.3% in the fourth quarter. Engineers Gate Manager LP now owns 38,503 shares of the company’s stock worth $2,597,000 after buying an additional 5,384 shares in the last quarter.

Asbury Automotive Group, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.

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