Asbury Automotive Group (NYSE:ABG) Share Price Crosses Above Fifty Day Moving Average Following Weak Earnings

Asbury Automotive Group, Inc. (NYSE:ABG)’s share price passed above its fifty day moving average during trading on Tuesday following a stronger than expected earnings report. The stock has a fifty day moving average of $189.83 and traded as high as $196.82. Asbury Automotive Group shares last traded at $196.5720, with a volume of 830,088 shares changing hands.

The company reported $6.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.42 by ($0.26). During the same quarter in the previous year, the business posted $7.17 earnings per share. Asbury Automotive Group’s quarterly revenue was down 8.1% on a year-over-year basis.

Key Asbury Automotive Group News

Here are the key news stories impacting Asbury Automotive Group this week:

• Positive Sentiment: Craig Hallum upgraded ABG from “hold” to “buy” and established a $250 price target, implying substantial potential upside based on the stock’s recent trading level. The upgrade provides a positive counterpoint to the earnings miss. Craig Hallum analyst upgrade
• Neutral Sentiment: Management’s third-quarter earnings call transcript was published following the results. Investors may look for commentary on dealership demand, vehicle margins, inventory, cost controls and the company’s outlook for the remainder of 2026. Asbury Automotive Q3 2026 earnings call transcript
• Negative Sentiment: ABG missed third-quarter earnings and revenue expectations. Adjusted earnings were $6.16 per share, below consensus estimates ranging from $6.42 to $6.46 and down from $7.17 a year earlier. Revenue declined 8.1% year over year, while net margin was 2.83% and return on equity was 12.72%. Asbury Automotive misses Q3 earnings and revenue estimates
• Negative Sentiment: The earnings release and key-metrics coverage reinforce that operating performance weakened from the prior-year quarter, increasing pressure on management to explain the revenue decline and restore earnings growth. Asbury Automotive third-quarter earnings results

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ABG shares. JPMorgan Chase & Co. lowered their target price on Asbury Automotive Group from $190.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Asbury Automotive Group in a report on Thursday, October 22nd. Craig Hallum raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Tuesday. Zacks Research lowered Asbury Automotive Group from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Finally, Barclays restated a “reduce” rating on shares of Asbury Automotive Group in a report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Asbury Automotive Group presently has an average rating of “Hold” and an average target price of $219.14.

Insiders Place Their Bets

In related news, SVP Jed Milstein sold 948 shares of Asbury Automotive Group stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $250.28, for a total transaction of $237,265.44. Following the sale, the senior vice president owned 11,259 shares of the company’s stock, valued at $2,817,902.52. The trade was a 7.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Asbury Automotive Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of Asbury Automotive Group during the second quarter worth about $34,000. Allworth Financial LP purchased a new position in Asbury Automotive Group in the second quarter valued at about $36,000. Daytona Street Capital LLC purchased a new position in Asbury Automotive Group in the third quarter valued at about $32,000. USA Financial Formulas purchased a new position in Asbury Automotive Group in the third quarter valued at about $39,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Asbury Automotive Group by 163.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 321 shares of the company’s stock valued at $75,000 after purchasing an additional 199 shares during the last quarter.

Asbury Automotive Group Trading Up 13.7%

The business has a 50 day simple moving average of $189.83 and a two-hundred day simple moving average of $205.24.

About Asbury Automotive Group

Asbury Automotive Group, Inc is a U.S.-based automotive retailer that operates franchised and independent dealerships. Its dealerships sell new and used vehicles from a range of domestic, import and luxury automobile brands, and provide related services throughout the vehicle ownership cycle.

The company’s operations include automotive repair and maintenance, parts and accessories, collision repair, vehicle financing and insurance products, and other dealership services. Asbury also supports vehicle sales and service through digital retailing and online customer tools.

Founded in 1995, Asbury has expanded through acquisitions and serves customers across multiple markets in the United States.