Asbury Automotive Group Inc (NYSE:ABG) Institutional Investors Sentiment Index Up in Q4 2017

May 17, 2018 - By Clifton Ray

Asbury Automotive Group, Inc. (NYSE:ABG) Logo

Sentiment for Asbury Automotive Group Inc (NYSE:ABG)

Asbury Automotive Group Inc (NYSE:ABG) institutional sentiment increased to 1.35 in 2017 Q4. Its up 0.44, from 0.91 in 2017Q3. The ratio improved, as 85 investment managers started new or increased positions, while 63 decreased and sold their equity positions in Asbury Automotive Group Inc. The investment managers in our partner’s database now hold: 21.54 million shares, up from 20.68 million shares in 2017Q3. Also, the number of investment managers holding Asbury Automotive Group Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 14 Reduced: 49 Increased: 53 New Position: 32.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has market cap of $1.47 billion. It offers a range of automotive services and products, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. It has a 10.64 P/E ratio. The firm also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

The stock increased 0.64% or $0.45 during the last trading session, reaching $70.45. About 402,497 shares traded or 118.17% up from the average. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 5.55% since May 17, 2017 and is uptrending. It has underperformed by 6.00% the S&P500.

Analysts await Asbury Automotive Group, Inc. (NYSE:ABG) to report earnings on July, 24. They expect $1.95 EPS, up 23.42 % or $0.37 from last year’s $1.58 per share. ABG’s profit will be $40.77 million for 9.03 P/E if the $1.95 EPS becomes a reality. After $1.93 actual EPS reported by Asbury Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 1.04 % EPS growth.

Abrams Capital Management L.P. holds 2.34% of its portfolio in Asbury Automotive Group, Inc. for 1.09 million shares. Eminence Capital Lp owns 1.95 million shares or 1.9% of their US portfolio. Moreover, Polaris Capital Management Llc has 1.66% invested in the company for 895,600 shares. The New York-based Moon Capital Management Lp has invested 1.57% in the stock. Lakewood Capital Management Lp, a New York-based fund reported 391,329 shares.

Since January 1, 0001, it had 0 insider buys, and 5 sales for $2.46 million activity.

Asbury Automotive Group, Inc. (NYSE:ABG) Ratings Coverage

Ratings analysis reveals 40% of Asbury’s analysts are positive. Out of 5 Wall Street analysts rating Asbury, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $63 while the high is $81.0. The stock’s average target of $72.40 is 2.77% above today’s ($70.45) share price. ABG was included in 5 notes of analysts from February 6, 2018. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) earned “Buy” rating by Stephens on Tuesday, February 6. The firm has “Hold” rating given on Tuesday, February 6 by Jefferies. The firm has “Underweight” rating given on Wednesday, March 14 by Morgan Stanley. As per Wednesday, April 25, the company rating was maintained by Buckingham Research. The stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given on Wednesday, February 7 by Craig Hallum.

Asbury Automotive Group, Inc. (NYSE:ABG) Institutional Positions Chart

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