Asbury Automotive Group, Inc. (NYSE:ABG) – Analysts at SunTrust Banks boosted their Q2 2020 EPS estimates for Asbury Automotive Group in a research note issued to investors on Wednesday, July 8th. SunTrust Banks analyst S. Benjamin now anticipates that the company will earn $2.50 per share for the quarter, up from their previous forecast of ($0.05). SunTrust Banks currently has a “Hold” rating and a $100.00 target price on the stock. SunTrust Banks also issued estimates for Asbury Automotive Group’s Q3 2020 earnings at $2.48 EPS, Q4 2020 earnings at $3.24 EPS, FY2020 earnings at $10.02 EPS, Q1 2021 earnings at $2.77 EPS, Q2 2021 earnings at $2.86 EPS, Q3 2021 earnings at $3.05 EPS, Q4 2021 earnings at $3.42 EPS, FY2021 earnings at $12.10 EPS and FY2022 earnings at $12.90 EPS.

A number of other research firms have also recently commented on ABG. TheStreet cut Asbury Automotive Group from a “b-” rating to a “c+” rating in a research note on Thursday, March 26th. Morgan Stanley raised their price objective on Asbury Automotive Group from $68.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday. ValuEngine raised Asbury Automotive Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised their price objective on Asbury Automotive Group from $69.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Craig Hallum raised their price objective on Asbury Automotive Group from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $98.17.

ABG opened at $90.44 on Monday. The stock has a market cap of $1.77 billion, a PE ratio of 10.72 and a beta of 1.62. The company has a quick ratio of 0.59, a current ratio of 1.48 and a debt-to-equity ratio of 1.76. The business has a 50 day moving average of $77.87 and a 200-day moving average of $79.26. Asbury Automotive Group has a 52 week low of $39.36 and a 52 week high of $123.44.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, May 5th. The company reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.13. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Asbury Automotive Group had a return on equity of 28.33% and a net margin of 2.28%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS.

Several institutional investors have recently bought and sold shares of ABG. Tower Research Capital LLC TRC bought a new stake in shares of Asbury Automotive Group in the 1st quarter worth $31,000. Mutual of America Capital Management LLC grew its holdings in shares of Asbury Automotive Group by 22.2% in the first quarter. Mutual of America Capital Management LLC now owns 843 shares of the company’s stock worth $47,000 after acquiring an additional 153 shares during the period. FMR LLC grew its holdings in shares of Asbury Automotive Group by 357.9% in the fourth quarter. FMR LLC now owns 641 shares of the company’s stock worth $72,000 after acquiring an additional 501 shares during the period. Aigen Investment Management LP bought a new stake in shares of Asbury Automotive Group in the first quarter worth $72,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Asbury Automotive Group by 36.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,318 shares of the company’s stock worth $72,000 after acquiring an additional 349 shares during the period.

In other Asbury Automotive Group news, SVP Jed Milstein sold 2,300 shares of Asbury Automotive Group stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $77.31, for a total value of $177,813.00. Following the completion of the sale, the senior vice president now owns 13,977 shares of the company’s stock, valued at approximately $1,080,561.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.01% of the stock is currently owned by company insiders.

Asbury Automotive Group Company Profile

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.

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Earnings History and Estimates for Asbury Automotive Group (NYSE:ABG)

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