Asbury Automotive Group (NYSE:ABG) Share Price Crosses Above Fifty Day Moving Average Following Weak Earnings

Posted by Francis Steltz on Oct 28th, 2026

Asbury Automotive Group, Inc. (NYSE:ABG – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday following a better than expected earnings announcement. The stock has a 50-day moving average of $189.83 and traded as high as $196.82. Asbury Automotive Group shares last traded at $196.5720, with a volume of 830,088 shares traded.

The company reported $6.16 EPS for the quarter, missing the consensus estimate of $6.42 by ($0.26). During the same quarter in the prior year, the firm posted $7.17 earnings per share. Asbury Automotive Group’s revenue for the quarter was down 8.1% on a year-over-year basis.

Trending Headlines about Asbury Automotive Group

Here are the key news stories impacting Asbury Automotive Group this week:

Positive Sentiment: Craig Hallum upgraded ABG from “hold” to “buy” and established a $250 price target, implying substantial potential upside based on the stock’s recent trading level. The upgrade provides a positive counterpoint to the earnings miss. Craig Hallum analyst upgrade
Neutral Sentiment: Management’s third-quarter earnings call transcript was published following the results. Investors may look for commentary on dealership demand, vehicle margins, inventory, cost controls and the company’s outlook for the remainder of 2026. Asbury Automotive Q3 2026 earnings call transcript
Negative Sentiment: ABG missed third-quarter earnings and revenue expectations. Adjusted earnings were $6.16 per share, below consensus estimates ranging from $6.42 to $6.46 and down from $7.17 a year earlier. Revenue declined 8.1% year over year, while net margin was 2.83% and return on equity was 12.72%. Asbury Automotive misses Q3 earnings and revenue estimates
Negative Sentiment: The earnings release and key-metrics coverage reinforce that operating performance weakened from the prior-year quarter, increasing pressure on management to explain the revenue decline and restore earnings growth. Asbury Automotive third-quarter earnings results

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of Asbury Automotive Group from $212.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley decreased their price objective on shares of Asbury Automotive Group from $230.00 to $184.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Seaport Research Partners raised shares of Asbury Automotive Group from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Tuesday, September 8th. Barclays reissued a “reduce” rating on shares of Asbury Automotive Group in a research report on Tuesday, October 6th. Finally, Craig Hallum upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $219.14.

Check Out Our Latest Stock Analysis on Asbury Automotive Group

Insider Buying and Selling

In other Asbury Automotive Group news, SVP Jed Milstein sold 948 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $250.28, for a total transaction of $237,265.44. Following the completion of the sale, the senior vice president owned 11,259 shares in the company, valued at $2,817,902.52. The trade was a 7.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Evergreen Capital Management LLC bought a new stake in shares of Asbury Automotive Group during the 3rd quarter valued at about $511,000. Lawson Kroeker Investment Management Inc. NE raised its stake in Asbury Automotive Group by 6.9% during the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 35,723 shares of the company’s stock worth $6,155,000 after acquiring an additional 2,297 shares during the period. Inspire Investing LLC lifted its holdings in Asbury Automotive Group by 7.9% in the third quarter. Inspire Investing LLC now owns 3,667 shares of the company’s stock worth $632,000 after acquiring an additional 270 shares during the last quarter. Cooke & Bieler LP bought a new position in Asbury Automotive Group in the third quarter worth about $65,167,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Asbury Automotive Group by 110.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,225 shares of the company’s stock worth $211,000 after acquiring an additional 644 shares during the last quarter.

Asbury Automotive Group Stock Up 13.7%

The stock’s fifty day simple moving average is $189.83 and its 200-day simple moving average is $205.24.

Asbury Automotive Group Company Profile

(Get Free Report)

Asbury Automotive Group, Inc is a U.S.-based automotive retailer that operates franchised and independent dealerships. Its dealerships sell new and used vehicles from a range of domestic, import and luxury automobile brands, and provide related services throughout the vehicle ownership cycle.

The company’s operations include automotive repair and maintenance, parts and accessories, collision repair, vehicle financing and insurance products, and other dealership services. Asbury also supports vehicle sales and service through digital retailing and online customer tools.

Founded in 1995, Asbury has expanded through acquisitions and serves customers across multiple markets in the United States.