Seaport Res Ptn Has Positive Outlook for ABG FY2026 Earnings

Asbury Automotive Group, Inc. (NYSE:ABG) – Investment analysts at Seaport Res Ptn boosted their FY2026 earnings per share estimates for Asbury Automotive Group in a research report issued to clients and investors on Monday, November 10th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $27.09 for the year, up from their prior forecast of $26.48. The consensus estimate for Asbury Automotive Group’s current full-year earnings is $26.28 per share.

Several other analysts also recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Asbury Automotive Group in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Asbury Automotive Group from $230.00 to $235.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Asbury Automotive Group in a report on Wednesday, October 8th. Zacks Research raised Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, Stephens upgraded Asbury Automotive Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $225.00 to $277.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $254.00.

Asbury Automotive Group Stock Up 3.1%

ABG traded up $6.68 on Wednesday, reaching $224.66. The company’s stock had a trading volume of 18,802 shares, compared to its average volume of 192,783. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 1.43 and a beta of 0.87. Asbury Automotive Group has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average of $242.38 and a two-hundred day moving average of $238.87.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, October 28th. The company reported $7.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.37. Asbury Automotive Group had a return on equity of 15.26% and a net margin of 3.15%.The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the prior year, the firm posted $6.35 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year.

Insider Activity at Asbury Automotive Group

In other news, SVP Jed Milstein sold 1,132 shares of Asbury Automotive Group stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $253.26, for a total transaction of $286,690.32. Following the completion of the sale, the senior vice president directly owned 11,267 shares in the company, valued at approximately $2,853,480.42. This trade represents a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maureen F. Morrison sold 800 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $255.61, for a total value of $204,488.00. Following the completion of the sale, the director owned 5,824 shares in the company, valued at approximately $1,488,672.64. This represents a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,957 shares of company stock valued at $745,501. 0.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asbury Automotive Group

Several hedge funds have recently bought and sold shares of ABG. Royal Bank of Canada boosted its holdings in shares of Asbury Automotive Group by 5.4% during the first quarter. Royal Bank of Canada now owns 106,948 shares of the company’s stock worth $23,619,000 after purchasing an additional 5,468 shares during the last quarter. TD Asset Management Inc purchased a new stake in Asbury Automotive Group in the first quarter valued at approximately $6,037,000. Envestnet Asset Management Inc. increased its position in Asbury Automotive Group by 68.6% during the first quarter. Envestnet Asset Management Inc. now owns 20,708 shares of the company’s stock worth $4,573,000 after purchasing an additional 8,429 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Asbury Automotive Group by 30.3% during the second quarter. Harbor Capital Advisors Inc. now owns 5,597 shares of the company’s stock worth $1,335,000 after purchasing an additional 1,302 shares during the period. Finally, Strs Ohio acquired a new position in shares of Asbury Automotive Group in the 1st quarter valued at $795,000.

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.