1,265 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,265 shares of the company’s stock, valued at approximately $285,000.

A number of other large investors have also added to or reduced their stakes in ABG. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $28,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Asbury Automotive Group in the third quarter valued at $36,000. GAMMA Investing LLC bought a new position in shares of Asbury Automotive Group during the 4th quarter worth $48,000. Blue Trust Inc. increased its holdings in Asbury Automotive Group by 31.2% in the 4th quarter. Blue Trust Inc. now owns 244 shares of the company’s stock worth $56,000 after acquiring an additional 58 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in Asbury Automotive Group in the 3rd quarter worth about $202,000.

Analysts Set New Price Targets

A number of brokerages recently commented on ABG. JPMorgan Chase & Co. dropped their price target on shares of Asbury Automotive Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Craig Hallum downgraded Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Thursday, February 8th.

Asbury Automotive Group Price Performance

Shares of ABG traded up $3.22 during mid-day trading on Friday, reaching $231.30. 69,126 shares of the stock traded hands, compared to its average volume of 174,659. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 8.44 and a beta of 1.19. Asbury Automotive Group, Inc. has a 1 year low of $178.40 and a 1 year high of $256.39. The firm has a fifty day moving average price of $224.14 and a 200 day moving average price of $216.71. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($0.55). The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. Asbury Automotive Group had a net margin of 3.68% and a return on equity of 20.12%. Asbury Automotive Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $8.37 EPS. As a group, equities research analysts predict that Asbury Automotive Group, Inc. will post 29.66 earnings per share for the current year.

Insider Activity

In related news, SVP Jed Milstein sold 3,955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $209.00, for a total value of $826,595.00. Following the sale, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

About Asbury Automotive Group

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.