Asbury Automotive Group (NYSE:ABG) Posts Earnings Results, Misses Estimates By $0.91 EPS

Asbury Automotive Group (NYSE:ABG) issued its quarterly earnings data on Friday. The company reported $6.40 EPS for the quarter, missing analysts’ consensus estimates of $7.31 by ($0.91), Zacks reports. Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company earned $8.95 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year.

Asbury Automotive Group Trading Down 1.1 %

Asbury Automotive Group stock traded down $2.55 during midday trading on Monday, hitting $232.80. 119,509 shares of the stock were exchanged, compared to its average volume of 174,055. Asbury Automotive Group has a 52 week low of $178.40 and a 52 week high of $277.13. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.70 billion, a PE ratio of 8.53 and a beta of 1.16. The company has a fifty day simple moving average of $237.72 and a two-hundred day simple moving average of $225.14.

Analyst Ratings Changes

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

About Asbury Automotive Group

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.