AlphaMark Advisors LLC Invests $319,000 in Asbury Automotive Group, Inc. (NYSE:ABG)

AlphaMark Advisors LLC purchased a new position in shares of Asbury Automotive Group, Inc. (NYSE:ABG) in the 1st quarter, Holdings Channel reports. The firm purchased 1,353 shares of the company’s stock, valued at approximately $319,000.

Other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Asbury Automotive Group in the fourth quarter worth $28,000. AXS Investments LLC bought a new stake in shares of Asbury Automotive Group in the fourth quarter worth $38,000. GAMMA Investing LLC bought a new stake in shares of Asbury Automotive Group in the fourth quarter worth $48,000. Blue Trust Inc. grew its stake in shares of Asbury Automotive Group by 31.2% in the fourth quarter. Blue Trust Inc. now owns 244 shares of the company’s stock worth $56,000 after purchasing an additional 58 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Asbury Automotive Group in the fourth quarter worth $162,000.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target on the stock. in a research report on Monday, June 10th.

Asbury Automotive Group Stock Performance

Shares of ABG opened at $228.24 on Tuesday. The stock has a market capitalization of $4.60 billion, a P/E ratio of 8.32 and a beta of 1.17. The firm’s fifty day simple moving average is $229.18 and its two-hundred day simple moving average is $220.43. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. Asbury Automotive Group, Inc. has a 12 month low of $178.40 and a 12 month high of $256.39.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Thursday, April 25th. The company reported $7.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.76 by ($0.55). The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. Asbury Automotive Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $8.37 EPS. As a group, analysts predict that Asbury Automotive Group, Inc. will post 29.6 EPS for the current year.

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.