Barclays Remains a Hold on Asbury (ABG)

In a report released today, John Babcock from Barclays maintained a Hold rating on Asbury, with a price target of $251.00.

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Babcock covers the Consumer Cyclical sector, focusing on stocks such as Asbury, Lithia Motors, and Carvana Co. According to TipRanks, Babcock has an average return of 16.5% and a 57.69% success rate on recommended stocks.

Asbury has an analyst consensus of Hold, with a price target consensus of $253.60.

Based on Asbury’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.8 billion and a net profit of $7.52 million. In comparison, last year the company earned a revenue of $4.24 billion and had a net profit of $126.3 million

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ABG in relation to earlier this year. Last month, Jed Milstein, the SVP & CHRO of ABG sold 1,132.00 shares for a total of $266,314.32.