Asbury Automotive Group Inc. (NYSE:ABG) rose 2.5% during mid-day trading on Monday . The company traded as high as $59.01 and last traded at $58.94, with a volume of 68,252 shares. The stock had previously closed at $57.51.

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

The firm’s 50 day moving average price is $55.11 and its 200-day moving average price is $55.32. The company has a market cap of $1.31 billion and a P/E ratio of 9.24.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, April 26th. The company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.03. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that Asbury Automotive Group Inc. will post $6.10 earnings per share for the current year.

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

A number of large investors have recently made changes to their positions in ABG. Marshall Wace LLP purchased a new stake in shares of Asbury Automotive Group during the fourth quarter worth about $8,765,000. LSV Asset Management purchased a new stake in shares of Asbury Automotive Group during the fourth quarter worth about $1,342,000. Deimos Asset Management LLC purchased a new stake in shares of Asbury Automotive Group during the fourth quarter worth about $1,484,000. New York State Common Retirement Fund boosted its stake in shares of Asbury Automotive Group by 46.6% in the fourth quarter. New York State Common Retirement Fund now owns 66,314 shares of the company’s stock worth $4,472,000 after buying an additional 21,087 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake 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.

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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