Shares of Asbury Automotive Group Inc (NYSE:ABG) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $56.75.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target on shares of Asbury Automotive Group in a research report on Thursday, October 12th. TheStreet raised Asbury Automotive Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. BidaskClub downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $58.00 price target (down from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.09). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. Asbury Automotive Group’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share.

In other news, CEO Craig T. Monaghan sold 48,288 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $60.96, for a total transaction of $2,943,636.48. Following the sale, the chief executive officer now directly owns 125,408 shares in the company, valued at approximately $7,644,871.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig T. Monaghan sold 16,096 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $61.08, for a total value of $983,143.68. Following the sale, the chief executive officer now owns 125,408 shares in the company, valued at $7,659,920.64. The disclosure for this sale can be found here. Insiders have sold a total of 174,828 shares of company stock worth $9,627,669 over the last 90 days. Insiders own 11.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Asbury Automotive Group by 45.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock valued at $113,000 after acquiring an additional 587 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Asbury Automotive Group by 4.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,333 shares of the company’s stock valued at $200,000 after acquiring an additional 132 shares during the period. State of Alaska Department of Revenue grew its position in shares of Asbury Automotive Group by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,714 shares of the company’s stock valued at $210,000 after acquiring an additional 1,634 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Asbury Automotive Group during the 2nd quarter valued at about $220,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $223,000.

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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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