ValuEngine lowered shares of Asbury Automotive Group (NYSE:ABG) from a hold rating to a sell rating in a research note issued to investors on Thursday.

ABG has been the topic of a number of other research reports. Morgan Stanley upped their target price on Asbury Automotive Group from $71.00 to $81.00 and gave the company a sell rating in a research report on Wednesday, November 14th. SunTrust Banks dropped their target price on Asbury Automotive Group to $70.00 and set a hold rating on the stock in a research report on Wednesday, October 24th. Buckingham Research upped their target price on Asbury Automotive Group from $70.00 to $74.00 and gave the company a hold rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research lowered Asbury Automotive Group from a buy rating to a hold rating in a research report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $73.40.

NYSE ABG traded down $0.54 during trading hours on Thursday, reaching $65.41. The stock had a trading volume of 2,187 shares, compared to its average volume of 233,164. The firm has a market cap of $1.30 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.51 and a beta of 1.46. Asbury Automotive Group has a 52-week low of $58.60 and a 52-week high of $77.75. The company has a quick ratio of 0.36, a current ratio of 1.21 and a debt-to-equity ratio of 1.77.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 23rd. The company reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.33. The firm had revenue of $1.76 billion for 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%. Asbury Automotive Group’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 earnings per share. As a group, research analysts expect that Asbury Automotive Group will post 8.28 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Asbury Automotive Group by 8.1% in the 3rd quarter. BlackRock Inc. now owns 3,342,070 shares of the company’s stock worth $229,768,000 after purchasing an additional 250,741 shares in the last quarter. Vanguard Group Inc. boosted its position in Asbury Automotive Group by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,021,921 shares of the company’s stock worth $139,007,000 after purchasing an additional 38,717 shares in the last quarter. Morgan Stanley boosted its position in Asbury Automotive Group by 1.4% in the 2nd quarter. Morgan Stanley now owns 1,618,490 shares of the company’s stock worth $110,946,000 after purchasing an additional 22,569 shares in the last quarter. Abrams Capital Management L.P. boosted its position in Asbury Automotive Group by 46.1% in the 3rd quarter. Abrams Capital Management L.P. now owns 1,585,091 shares of the company’s stock worth $108,975,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Asbury Automotive Group by 184.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,088,633 shares of the company’s stock worth $74,843,000 after purchasing an additional 705,871 shares in the last quarter.

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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