BNP Paribas Financial Markets Buys 4,224 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

BNP Paribas Financial Markets increased its stake in Asbury Automotive Group, Inc. (NYSE:ABG) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,221 shares of the company’s stock after buying an additional 4,224 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Asbury Automotive Group worth $4,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ABG. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Asbury Automotive Group during the 4th quarter worth about $28,000. AXS Investments LLC bought a new position in shares of Asbury Automotive Group during the fourth quarter valued at approximately $38,000. GAMMA Investing LLC bought a new position in shares of Asbury Automotive Group during the fourth quarter valued at approximately $48,000. Blue Trust Inc. raised its holdings 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 buying an additional 58 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $162,000.

Wall Street Analysts Forecast Growth

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

Asbury Automotive Group Stock Performance

Asbury Automotive Group stock opened at $243.40 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 1.06. The company has a market capitalization of $4.91 billion, a PE ratio of 8.87 and a beta of 1.17. The company has a 50 day moving average price of $231.03 and a 200-day moving average price of $220.63. Asbury Automotive Group, Inc. has a fifty-two week low of $178.40 and a fifty-two week high of $255.05.

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