Asbury Automotive Group, Inc. (ABG) Stock Formed Bullish Double Top

June 29, 2018 - By Maria Robertson

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

Big Money Sentiment decreased to 1.14 in 2018 Q1. It has change of 0.21, from 2017Q4’s 1.35. The ratio dropped due to Asbury Automotive Group, Inc. positioning: 16 sold and 53 reduced. 27 funds took stakes and 52 increased stakes. Investors holded 21.54 million in 2017Q4 but now own 20.46 million shares or 4.99% less.
Art Advsrs Ltd owns 4,000 shs. Glenmede Trust Co Na accumulated 763 shs. Moreover, Kbc Group Incorporated Nv has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 18,396 shs. Geode Cap Mgmt Ltd Llc accumulated 0% or 165,640 shs. Citigroup Inc holds 0% or 323 shs. Clearbridge Investments Limited Company has 565 shs for 0% of their capital. North Carolina-based Sterling Mngmt Ltd Liability Corp has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Bancorporation Of Montreal Can invested in 0% or 408 shs. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 16,900 shs. Legal General Group Public Limited Com owns 50,865 shs. State Board Of Administration Of Florida Retirement holds 10,263 shs. Schwab Charles Inv Incorporated reported 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG). Aqr Cap Management Ltd Limited Liability Company owns 48,723 shs. D E Shaw And reported 21,862 shs stake. Systematic Financial Mgmt Lp has 18,155 shs for 0.03% of their capital.

Asbury Automotive Group, Inc. registered $4.54 million net activity with 0 insider buys and 7 selling transactions since February 7, 2018. $219,051 worth of Asbury Automotive Group, Inc. (NYSE:ABG) was sold by Karolis George on Monday, March 12. On Thursday, June 7 $1.10M worth of stock was sold by DELOACH THOMAS C JR. Villasana George A also sold $973,239 worth of Asbury Automotive Group, Inc. (NYSE:ABG) shs. MONAGHAN CRAIG T also sold $1.96 million worth of Asbury Automotive Group, Inc. (NYSE:ABG) on Wednesday, February 7. 1,500 Asbury Automotive Group, Inc. (NYSE:ABG) shs with value of $103,500 were sold by REDDIN THOMAS. Another trade for 1,600 shs valued at $108,304 was sold by Stax William Frederick.

Asbury Automotive Group, Inc. (ABG) makes double top. It has $71.81 target and $69.05 price per share. The stock has $1.43B MC. Finviz.com reported it on Jun, 29. At $71.81 stock target, the company valuation changes by $57.00M more.

ABG hit $69.05 during the last trading session after $1.1 change.Asbury Automotive Group, Inc. has volume of 84,163 shares. Since June 29, 2017 ABG has risen 25.36% and is uptrending. The stock outperformed the S&P 500 by 12.79%.

Investors expect Asbury Automotive Group, Inc. (NYSE:ABG)’s quarterly earnings on July, 24., RTT reports. Analysts predict $1.95 EPS, which is $0.37 up or 23.42 % from 2017’s $1.58 EPS. If $1.95 is reported, ABG’s profit will hit $40.24M for 8.85 P/E. After $1.93 EPS was announced previous quarter, analysts now see EPS growth of 1.04 % for Asbury Automotive Group, Inc..

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

A total of 5 analysts rate Asbury (NYSE:ABG) as follows: 2 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 40% are bullish. The firm has $81.0 highest and $63 lowest target. The avg target $72.40 is 4.85% above the last ($69.05) price. (NYSE:ABG) has 5 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Wednesday, April 25 the stock of Asbury Automotive Group, Inc. (NYSE:ABG) earned “Buy” rating by Buckingham Research. On Wednesday, March 14 Morgan Stanley maintained the shares of ABG in report with “Underweight” rating. The company rating was maintained by Jefferies on Tuesday, February 6. On Wednesday, February 7 Craig Hallum maintained Asbury Automotive Group, Inc. (NYSE:ABG) with “Hold” rating. In Tuesday, February 6 report Stephens maintained the stock with “Buy” rating.

Another two news for Asbury Automotive Group, Inc. (NYSE:ABG) were briefly brought out by: Seekingalpha.com on June 11, 2018 with title “Auto dealership names higher on M&A buzz”. The other Globenewswire.com‘s article was titled “Detailed Research: Economic Perspectives on Stein Mart, Asbury Automotive Group, Sprint, The Kraft Heinz, Allergan …” and brought out on June 14, 2018.

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

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