Asbury Automotive Group, Inc. (NYSE:ABG) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,206 shares of the company’s stock after selling 729 shares during the quarter. Koss Olinger Consulting LLC owned about 0.05% of Asbury Automotive Group worth $2,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABG. Vanguard Group Inc. lifted its holdings in shares of Asbury Automotive Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,319,293 shares of the company’s stock valued at $521,771,000 after buying an additional 10,656 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Asbury Automotive Group in the 1st quarter valued at about $319,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Asbury Automotive Group by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,682 shares of the company’s stock valued at $632,000 after buying an additional 227 shares during the period. Norden Group LLC acquired a new position in shares of Asbury Automotive Group in the 1st quarter valued at about $895,000. Finally, Van ECK Associates Corp increased its stake in shares of Asbury Automotive Group by 42.1% in the 1st quarter. Van ECK Associates Corp now owns 25,869 shares of the company’s stock valued at $6,100,000 after purchasing an additional 7,667 shares in the last quarter.

Insider Activity

In other news, major shareholder Impactive Capital Lp sold 8,353 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $225.63, for a total value of $1,884,687.39. Following the completion of the sale, the insider now directly owns 2,008,649 shares in the company, valued at $453,211,473.87. This represents a 0.00 % 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. In other news, major shareholder Impactive Capital Lp sold 8,353 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $225.63, for a total value of $1,884,687.39. Following the completion of the sale, the insider now directly owns 2,008,649 shares in the company, valued at $453,211,473.87. This represents a 0.00 % 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. Also, CEO David W. Hult sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $227.18, for a total value of $113,590.00. Following the completion of the sale, the chief executive officer now owns 56,834 shares of the company’s stock, valued at $12,911,548.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stephens assumed coverage on Asbury Automotive Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $216.00 price target for the company. Morgan Stanley upgraded Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $190.00 to $240.00 in a research note on Wednesday, September 25th. Bank of America cut their price target on Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on Asbury Automotive Group from $230.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $251.20.

Asbury Automotive Group Price Performance

NYSE:ABG opened at $234.65 on Monday. Asbury Automotive Group, Inc. has a 12 month low of $178.40 and a 12 month high of $277.13. The stock has a 50 day moving average of $230.04 and a two-hundred day moving average of $231.19. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 1.05. The firm has a market cap of $4.73 billion, a P/E ratio of 8.55 and a beta of 1.16.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Friday, August 2nd. The company reported $6.40 EPS for the quarter, missing the consensus estimate of $7.31 by ($0.91). The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Asbury Automotive Group had a return on equity of 17.93% and a net margin of 2.51%. Asbury Automotive Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $8.95 earnings per share. On average, analysts expect that Asbury Automotive Group, Inc. will post 26.01 earnings per share for the current fiscal year.

Asbury Automotive Group Profile

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.