Asbury Automotive Group Inc (ABG) to Release Earnings on Tuesday

Cornelia Mascio
Ottobre 22, 2017

Group 1 Automotive, Inc. They sell, finance and service a diverse range of foreign and domestic automobile brands.

A number of brokerages have weighed in on ABG. Deutsche Bank AG reaffirmed a "hold" rating and issued a $58.00 price target (down previously from $60.00) on shares of Asbury Automotive Group in a research note on Wednesday, July 26th. BidaskClub upgraded Group 1 Automotive from a "sell" rating to a "hold" rating in a report on Wednesday, July 5th. Finally, Craig Hallum reiterated a hold rating and set a $55.00 price target (down from $65.00) on shares of Asbury Automotive Group in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Asbury Automotive Group presently has an average rating of "Hold" and an average target price of $56.75.

Shares of Asbury Automotive Group Inc (ABG) opened at 55.85 on Friday. The firm has a 50-day moving average price of $68.73 and a 200 day moving average price of $63.68. Asbury Automotive Group has a 12 month low of $47.50 and a 12 month high of $71.00. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.27 and a beta of 1.45.

The value of the company's investment in Group 1 Automotive, Inc. went from $513,000 to $572,000 increasing 11.5% since the last quarter. The company reported $1.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by $0.13. Group 1 Automotive, Inc. has a total market cap of $1455.48, a gross margin of 14.80% while the profit margin is 1.30% and the ROI is 7.00%. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.70 billion. Group 1 Automotive's revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect next quarter's EPS to be $1.87 and the next full year EPS is anticipated to be $7.41.

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In other Asbury Automotive Group news, Director Msd Capital L. P sold 104,949 shares of the company's stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $58.66, for a total transaction of $293,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Frederick Stax sold 495 shares of the company's stock in a transaction dated Friday, August 4th. Following the sale, the insider now owns 4,586 shares of the company's stock, valued at $248,790.50. The disclosure for this sale can be found here. Institutional investors and hedge funds own 97.67% of the company's stock. As of quarter end Nisa Investment Advisors, LLC had sold 100 shares trimming its holdings by 0.4%. Goldman Sachs Group Inc. now owns 546,985 shares of the company's stock worth $30,932,000 after acquiring an additional 33,194 shares in the last quarter. Arizona State Retirement System grew its position in Group 1 Automotive by 1.0% during the first quarter. Finally, Envestnet Asset Management Inc. raised its stake in Group 1 Automotive by 29.4% in the first quarter. Public Employees Retirement System of OH now owns 3,673 shares of the company's stock worth $208,000 after buying an additional 340 shares during the period. Petrus Trust Company LTA bought a new position in shares of Asbury Automotive Group in the 2nd quarter worth $537,000. LSV Asset Management lifted its holdings in Group 1 Automotive by 1.2% in the 2nd quarter.

Group 1 Automotive, Inc is an operator in the automotive retail industry. Company insiders own 6.08% of the company's stock. As of December 31, 2016, the Company owned 146 franchises at 111 dealership locations and 29 collision service centers in the United States, 41 franchises at 30 dealership locations and eight collision centers in the United Kingdom and 23 franchises at 18 dealership locations and one collision center in Brazil.

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