JPMorgan Chase & Co. Cuts Asbury Automotive Group (NYSE:ABG) Price Target to $185.00

Posted by Francis Steltz on Oct 9th, 2026

Asbury Automotive Group (NYSE:ABG – Free Report) had its price target trimmed by JPMorgan Chase & Co. from $190.00 to $185.00 in a report published on Tuesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Other research analysts have also issued research reports about the company. UBS Group set a $250.00 price target on Asbury Automotive Group in a research report on Wednesday, July 29th. Morgan Stanley cut their price objective on Asbury Automotive Group from $230.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Monday. Seaport Research Partners raised Asbury Automotive Group from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Tuesday, September 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Asbury Automotive Group in a report on Friday, July 24th. Finally, Citigroup raised their price target on Asbury Automotive Group from $212.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $214.00.

Check Out Our Latest Stock Report on Asbury Automotive Group

Asbury Automotive Group Price Performance

Shares of Asbury Automotive Group stock opened at $168.47 on Tuesday. The firm has a market cap of $3.02 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.65 and a beta of 0.78. Asbury Automotive Group has a 12-month low of $164.34 and a 12-month high of $258.74. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $201.56 and its two-hundred day simple moving average is $201.56.

Asbury Automotive Group (NYSE:ABG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $6.82 EPS for the quarter, beating the consensus estimate of $6.31 by $0.51. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.49 billion. Asbury Automotive Group had a net margin of 2.83% and a return on equity of 12.72%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.43 earnings per share. As a group, equities analysts expect that Asbury Automotive Group will post 26.12 EPS for the current year.

Insider Buying and Selling

In other Asbury Automotive Group news, SVP Jed Milstein sold 948 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $250.28, for a total transaction of $237,265.44. Following the sale, the senior vice president directly owned 11,259 shares of the company’s stock, valued at approximately $2,817,902.52. The trade was a 7.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Asbury Automotive Group by 20.2% during the third quarter. GAMMA Investing LLC now owns 642 shares of the company’s stock valued at $111,000 after purchasing an additional 108 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Asbury Automotive Group by 207.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $80,000 after purchasing an additional 315 shares in the last quarter. Versant Capital Management Inc raised its holdings in Asbury Automotive Group by 42.4% in the third quarter. Versant Capital Management Inc now owns 534 shares of the company’s stock worth $92,000 after purchasing an additional 159 shares in the last quarter. Cim Investment Management Inc. lifted its position in Asbury Automotive Group by 7.3% during the second quarter. Cim Investment Management Inc. now owns 1,167 shares of the company’s stock valued at $235,000 after buying an additional 79 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of Asbury Automotive Group by 1,067.2% during the 2nd quarter. Engineers Gate Manager LP now owns 14,217 shares of the company’s stock valued at $2,859,000 after buying an additional 12,999 shares in the last quarter.

Asbury Automotive Group Company Profile

(Get Free Report)

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.