Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $73.40.

A number of analysts recently commented on the company. SunTrust Banks assumed coverage on Asbury Automotive Group in a research report on Friday, August 24th. They issued a “hold” rating and a $78.00 price objective for the company. Buckingham Research cut Asbury Automotive Group from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Wednesday, October 3rd. Zacks Investment Research upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, November 7th. ValuEngine cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Finally, Morgan Stanley raised their target price on Asbury Automotive Group from $71.00 to $81.00 and gave the stock a “sell” rating in a report on Wednesday, November 14th.

In other Asbury Automotive Group news, Director Juanita T. James sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $74.73, for a total transaction of $112,095.00. Following the transaction, the director now owns 8,679 shares in the company, valued at $648,581.67. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ABG. Victory Capital Management Inc. boosted its holdings in Asbury Automotive Group by 184.4% during the third quarter. Victory Capital Management Inc. now owns 1,088,633 shares of the company’s stock worth $74,843,000 after buying an additional 705,871 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Asbury Automotive Group by 26.3% during the 2nd quarter. BlackRock Inc. now owns 3,091,329 shares of the company’s stock valued at $211,911,000 after purchasing an additional 643,580 shares in the last quarter. Abrams Capital Management L.P. lifted its holdings in shares of Asbury Automotive Group by 46.1% during the 3rd quarter. Abrams Capital Management L.P. now owns 1,585,091 shares of the company’s stock valued at $108,975,000 after purchasing an additional 500,000 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Asbury Automotive Group by 57.7% during the 3rd quarter. Prudential Financial Inc. now owns 479,040 shares of the company’s stock valued at $32,934,000 after purchasing an additional 175,343 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Asbury Automotive Group by 209.8% during the 2nd quarter. American Century Companies Inc. now owns 255,933 shares of the company’s stock valued at $17,544,000 after purchasing an additional 173,333 shares in the last quarter.

ABG stock traded up $0.09 during midday trading on Monday, reaching $69.12. The stock had a trading volume of 210,200 shares, compared to its average volume of 226,958. The company has a quick ratio of 0.36, a current ratio of 1.21 and a debt-to-equity ratio of 1.77. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.53 and a beta of 1.47. Asbury Automotive Group has a twelve month low of $58.60 and a twelve month high of $77.75.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.33. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a return on equity of 37.83% and a net margin of 2.52%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. Sell-side analysts predict that Asbury Automotive Group will post 8.28 earnings per share for the current fiscal year.

About Asbury Automotive Group

Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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