Bullish Double Top Is Formed By Asbury Automotive Group, Inc. (ABG) at $69.05

June 29, 2018 - By Madeline Delgado

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 fall due to Asbury Automotive Group, Inc. positioning: 16 sold and 53 reduced. 27 funds amassed stakes and 52 increased stakes. Investors holded 21.54 million in 2017Q4 but now own 20.46 million shares or 4.99% less.
Parallax Volatility Advisers L P invested in 773 shs. Convergence Invest Ptnrs Ltd Llc has 15,914 shs. Invesco Limited holds 0% or 52,134 shs. Abrams Management L P reported 2.3% in Asbury Automotive Group, Inc. (NYSE:ABG). Pnc Financial Svcs Grp Inc Inc reported 1,063 shs stake. Raymond James & reported 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG). Ingalls And Snyder Ltd invested 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG). Rhumbline Advisers stated it has 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG). Art Limited Liability has 4,000 shs for 0.01% of their capital. Burgundy Asset holds 838,315 shs. Voya Investment Mngmt Lc accumulated 0% or 8,220 shs. Federated Invsts Pa holds 0.02% or 121,983 shs in its capital. Hotchkis And Wiley Cap Limited Liability Company reported 0.01% stake. Teacher Retirement Sys Of Texas has 4,147 shs. Janney Montgomery Scott Ltd Limited Liability Company has 9,589 shs for 0.01% of their capital.

Asbury Automotive Group, Inc. registered $4.54 million net activity with 0 buys and 7 insider sales since February 7, 2018. Another trade for 1,000 shs valued at $66,180 was sold by JAMES JUANITA T. Another trade for 3,150 shs valued at $219,051 was sold by Karolis George. On Friday, March 9 1,500 shs were sold by REDDIN THOMAS, worth $103,500. $973,239 worth of stock was sold by Villasana George A on Wednesday, June 6. 15,000 shs valued at $1.10M were sold by DELOACH THOMAS C JR on Thursday, June 7. 28,575 shs were sold by MONAGHAN CRAIG T, worth $1.96M.

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 touched $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. ABG outperformed by 12.79% the S&P 500.

Asbury Automotive Group, Inc. (NYSE:ABG) is awaited to report earnings on July, 24., RTT reports. earnings per share of $1.95 is 23.42 % up from 2017’s $1.58 EPS. If ABG’s EPS is $1.95 the profit will reach $40.24M for 8.85 P/E. After $1.93 earnings per share was revealed last quarter, analysts now see EPS growth of 1.04 % for Asbury Automotive Group, Inc..

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

Total analysts of 5 have positions in Asbury (NYSE:ABG) as follows: 2 rated it a “Buy”, 1 with “Sell” and 2 with “Hold”. The positive are 40%. The firm has $81.0 highest while $63 is the lowest target. The average target $72.40 is 4.85% above the last ($69.05) price. Since February 6, 2018 according to StockzIntelligence Inc Asbury has 5 analyst reports. On Wednesday, April 25 the rating was maintained by Buckingham Research with “Buy”. On Wednesday, February 7 Craig Hallum maintained Asbury Automotive Group, Inc. (NYSE:ABG) with “Hold” rating. On Tuesday, February 6 the firm earned “Hold” rating by Jefferies. On Wednesday, March 14 the stock has “Underweight” rating by Morgan Stanley. On Tuesday, February 6 the firm has “Buy” rating by Stephens given.

Another two news for Asbury Automotive Group, Inc. (NYSE:ABG) were briefly published 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 published on June 14, 2018.

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

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