Asbury Automotive Group (NYSE:ABG – Free Report) had its target price reduced by Barclays from $265.00 to $230.00 in a report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.
Other analysts have also recently issued reports about the company. Citigroup raised their target price on Asbury Automotive Group from $212.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. UBS Group set a $250.00 price target on Asbury Automotive Group in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on Asbury Automotive Group from $220.00 to $190.00 and set an “underweight” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley decreased their price target on Asbury Automotive Group from $230.00 to $184.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Asbury Automotive Group in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $223.50.
Asbury Automotive Group Price Performance
Asbury Automotive Group (NYSE:ABG – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $6.82 earnings per share for the quarter, beating analysts’ consensus estimates of $6.31 by $0.51. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Asbury Automotive Group had a return on equity of 12.72% and a net margin of 2.83%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.43 earnings per share. Analysts forecast that Asbury Automotive Group will post 26.44 EPS for the current year.
Insider Activity at Asbury Automotive Group
In related news, SVP Jed Milstein sold 948 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $250.28, for a total value of $237,265.44. Following the completion of the transaction, the senior vice president owned 11,259 shares in the company, valued at $2,817,902.52. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.
Institutional Trading of Asbury Automotive Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Asbury Automotive Group during the second quarter valued at $593,499,000. Madison Asset Management LLC purchased a new stake in Asbury Automotive Group in the 2nd quarter worth about $60,592,000. Lakewood Capital Management LP acquired a new stake in Asbury Automotive Group during the 2nd quarter worth about $35,919,000. Bank of New York Mellon Corp acquired a new stake in Asbury Automotive Group during the 2nd quarter worth about $27,142,000. Finally, Robotti Robert purchased a new position in Asbury Automotive Group during the 2nd quarter valued at about $17,537,000.
Asbury Automotive Group News Roundup
Here are the key news stories impacting Asbury Automotive Group this week:
- Positive Sentiment: Seaport upgraded ABG to “Buy,” providing a constructive counterpoint to the recent target reductions. Seaport upgrades Asbury Automotive Group stock to Buy
- Neutral Sentiment: Asbury Automotive Group scheduled the release of its third-quarter 2026 financial results. The report could provide a near-term catalyst by clarifying vehicle demand, dealership profitability and management’s outlook. Asbury Automotive Group Schedules Release of Third Quarter 2026 Financial Results
- Negative Sentiment: JPMorgan lowered its price target from $190 to $185 and assigned an “Underweight” rating. While the target remains above the current share price, the rating signals expectations for relative underperformance.
- Negative Sentiment: Barclays reduced its target from $265 to $230 and maintained an “Equal Weight” rating, indicating less confidence in Asbury’s potential upside than previously. Barclays Cuts Asbury Automotive Group Price Target
- Negative Sentiment: Morgan Stanley cut its target sharply from $230 to $184 while keeping an “Equal Weight” rating. The successive reductions suggest analysts are lowering forecasts for the automotive retail environment, earnings growth or valuation. Morgan Stanley Has Lowered Expectations for Asbury Automotive Group Stock Price
About Asbury Automotive Group
Asbury Automotive Group, Inc is a U.S.-based automotive retailer that operates franchised dealerships representing a range of domestic and international vehicle manufacturers. The company sells new and used cars, trucks and sport utility vehicles, and provides related financing and insurance products.
In addition to vehicle sales, Asbury’s dealerships offer automotive maintenance and repair, replacement parts, collision repair and other after-sales services. The company also operates Clicklane, a digital retail platform designed to support online vehicle purchasing, financing and trade-ins.
Headquartered in Duluth, Georgia, Asbury serves customers through dealership locations across multiple U.S.
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