FY2026 Earnings Forecast for ABG Issued By Seaport Res Ptn

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

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $7.17 EPS for the quarter, beating 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 company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the company posted $6.35 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year.

ABG has been the subject of a number of other research reports. Zacks Research lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Bank of America lowered their price target on Asbury Automotive Group from $335.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Citigroup reissued a “neutral” rating on shares of Asbury Automotive Group in a research report on Thursday, September 25th. Stephens upgraded Asbury Automotive Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $225.00 to $277.00 in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on Asbury Automotive Group from $230.00 to $235.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Asbury Automotive Group has a consensus rating of “Hold” and an average target price of $254.00.

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock opened at $222.87 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $241.08 and a 200-day simple moving average of $238.66. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 1.44 and a beta of 0.87. Asbury Automotive Group has a 1-year low of $201.68 and a 1-year high of $312.56.

Insider Transactions at Asbury Automotive Group

In other Asbury Automotive Group news, Director Juanita T. James sold 625 shares of Asbury Automotive Group stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $244.10, for a total transaction of $152,562.50. Following the sale, the director owned 6,855 shares in the company, valued at $1,673,305.50. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maureen F. Morrison sold 800 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $255.61, for a total transaction of $204,488.00. Following the completion of the sale, the director directly owned 5,824 shares in the company, valued at $1,488,672.64. This trade represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,957 shares of company stock worth $745,501 over the last quarter. 0.59% of the stock is owned by company insiders.

Institutional Trading of Asbury Automotive Group

Several institutional investors have recently made changes to their positions in ABG. Norges Bank acquired a new position in Asbury Automotive Group during the second quarter worth $77,544,000. Eminence Capital LP boosted its stake in shares of Asbury Automotive Group by 36.0% in the 2nd quarter. Eminence Capital LP now owns 1,002,160 shares of the company’s stock valued at $239,055,000 after purchasing an additional 265,539 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Asbury Automotive Group by 545.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 143,388 shares of the company’s stock valued at $35,051,000 after purchasing an additional 121,183 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Asbury Automotive Group by 261.7% in the 3rd quarter. American Century Companies Inc. now owns 159,645 shares of the company’s stock worth $39,025,000 after purchasing an additional 115,504 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Asbury Automotive Group by 122.0% in the 2nd quarter. River Road Asset Management LLC now owns 199,952 shares of the company’s stock worth $44,413,000 after purchasing an additional 109,896 shares during the last quarter.

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.