Does Asbury Automotive Group Inc (NYSE:ABG) Have Gas After Even More Sellers Involved?

February 21, 2018 - By Maria Brooks

 Does Asbury Automotive Group Inc (NYSE:ABG) Have Gas After Even More Sellers Involved?

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.12, from 1.03 in 2017Q2. It worsened, as 18 investors sold Asbury Automotive Group, Inc. shares while 52 reduced holdings. 19 funds opened positions while 45 raised stakes. 20.68 million shares or 2.75% less from 21.26 million shares in 2017Q2 were reported.
Comml Bank Of America Corporation De has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG). 16,031 are held by State Teachers Retirement Systems. Deutsche Commercial Bank Ag, Germany-based fund reported 306,708 shares. Parametric Portfolio Limited Co has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). State Of Alaska Department Of Revenue reported 0.01% stake. Great West Life Assurance Can holds 25,159 shares. Pinebridge L P reported 21,783 shares. Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). First Quadrant Ltd Partnership Ca invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). State Board Of Administration Of Florida Retirement System invested 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Parametrica Ltd, Hong Kong-based fund reported 3,648 shares. Mangrove accumulated 0.49% or 47,155 shares. Millennium Lc, a New York-based fund reported 302,296 shares. Hutchin Hill Cap Limited Partnership invested 0.02% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Swiss Natl Bank reported 0% stake.

Since September 15, 2017, it had 0 buys, and 3 sales for $5.20 million activity. On Wednesday, February 7 MONAGHAN CRAIG T sold $1.96M worth of Asbury Automotive Group, Inc. (NYSE:ABG) or 28,575 shares.

The stock of Asbury Automotive Group Inc (NYSE:ABG) registered an increase of 6.57% in short interest. ABG’s total short interest was 1.77 million shares in February as published by FINRA. Its up 6.57% from 1.66 million shares, reported previously. With 191,700 shares average volume, it will take short sellers 9 days to cover their ABG’s short positions. The short interest to Asbury Automotive Group Inc’s float is 10.36%.

The stock decreased 1.24% or $0.85 during the last trading session, reaching $67.95. About 110,811 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since February 21, 2017 and is uptrending. It has underperformed by 9.15% the S&P500.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has market cap of $1.42 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 10.26 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.

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

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive has $100 highest and $5500 lowest target. $80.43’s average target is 18.37% above currents $67.95 stock price. Asbury Automotive had 24 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, October 11 with “Hold”. As per Tuesday, February 6, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Monday, November 13 by KeyBanc Capital Markets. Bank of America upgraded the shares of ABG in report on Wednesday, September 30 to “Neutral” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Hold”. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, August 31. On Wednesday, November 16 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The stock has “Hold” rating by Jefferies on Monday, April 11. As per Tuesday, February 23, the company rating was upgraded by Buckingham Research. Craig Hallum maintained the shares of ABG in report on Wednesday, February 7 with “Hold” rating.

More notable recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Seekingalpha.com which released: “Auto dealer stocks cool off after hot streak” on February 13, 2018, also Seekingalpha.com with their article: “Asbury Automotive Group Potentially Undervalued Despite Uncertainties” published on September 13, 2017, Prnewswire.com published: “Asbury Automotive Group, Inc. Announces CEO Succession Plan” on August 22, 2017. More interesting news about Asbury Automotive Group, Inc. (NYSE:ABG) were released by: Prnewswire.com and their article: “Asbury Automotive Group Announces Third Quarter 2017 Financial Results” published on October 24, 2017 as well as Seekingalpha.com‘s news article titled: “Asbury Automotive Group (ABG) Q4 2017 Results – Earnings Call Transcript” with publication date: February 07, 2018.

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