Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.75.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Jefferies Group reaffirmed a “hold” rating and issued a $61.00 target price on shares of Asbury Automotive Group in a report on Thursday, October 12th. Finally, TheStreet raised Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th.

Shares of Asbury Automotive Group (ABG) opened at $75.30 on Tuesday. The stock has a market capitalization of $1,567.57, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.56. The company has a quick ratio of 0.38, a current ratio of 1.25 and a debt-to-equity ratio of 2.60. Asbury Automotive Group has a fifty-two week low of $49.10 and a fifty-two week high of $76.15.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, October 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.09). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a net margin of 2.54% and a return on equity of 42.24%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. equities research analysts forecast that Asbury Automotive Group will post 6.25 earnings per share for the current fiscal year.

In other Asbury Automotive Group news, Director Juanita T. James sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $66.16, for a total value of $99,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joel Alsfine sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.00, for a total value of $12,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 265,884 shares of company stock valued at $16,426,020 in the last quarter. Corporate insiders own 11.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of Asbury Automotive Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,205 shares of the company’s stock worth $125,000 after acquiring an additional 331 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Asbury Automotive Group by 10.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,673 shares of the company’s stock worth $208,000 after buying an additional 340 shares during the period. California Public Employees Retirement System lifted its position in shares of Asbury Automotive Group by 0.7% during the 2nd quarter. California Public Employees Retirement System now owns 81,800 shares of the company’s stock worth $4,626,000 after buying an additional 600 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Asbury Automotive Group by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,300 shares of the company’s stock worth $639,000 after buying an additional 620 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of Asbury Automotive Group by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 9,492 shares of the company’s stock worth $537,000 after buying an additional 805 shares during the period.

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Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

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