Currently, Asbury Automotive Group Inc [ABG] is trading at $305.86, up 11.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ABG shares have gain 17.71% over the last week, with a monthly amount glided 25.08%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Asbury Automotive Group Inc [NYSE: ABG] stock has seen the most recent analyst activity on November 12, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Morgan Stanley upgraded its rating to Equal-Weight on September 25, 2024, and elevated its price target to $240. On September 12, 2024, Stephens initiated with a Equal-Weight rating and assigned a price target of $216 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $230 on June 10, 2024. Craig Hallum downgraded its rating to a Hold. JP Morgan upgraded its rating to Overweight for this stock on October 31, 2023, but kept the price target unchanged to $245. In a note dated May 20, 2022, Morgan Stanley downgraded an Underweight rating on this stock.
This stock has fluctuated between a low of $195.09 and a high of $277.13 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $236.5 within the next 12 months. Asbury Automotive Group Inc [NYSE: ABG] shares were valued at $305.86 at the most recent close of the market. An investor can expect a potential drop of -22.68% based on the average ABG price forecast.
Analyzing the ABG fundamentals
Trailing Twelve Months sales for Asbury Automotive Group Inc [NYSE:ABG] were 16.49B which represents 15.52% growth. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.17 and Total Capital is 3.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 295.10 points at the first support level, and at 284.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 314.59, and for the 2nd resistance point, it is at 323.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asbury Automotive Group Inc [NYSE:ABG] is 1.20. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 17.29.
Transactions by insiders
Recent insider trading involved Clara Daniel, SVP, Operations, that happened on Nov 27 ’24 when 4600.0 shares were sold. Officer, DANIEL E CLARA completed a deal on Nov 27 ’24 to buy 4600.0 shares. Meanwhile, Officer DEAN A CALLOWAY bought 200.0 shares on Aug 23 ’24.
