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Wall Street Trims Asbury Automotive Price Target to $229.90 While Maintaining Hold Consensus

MixedLow impact
ABG$170.88 5.50%

Wall Street analysts trimmed their 12-month average price target for Asbury Automotive Group, Inc. (ABG) to $229.90 per share, down from a previous estimate of $234. Despite the reduction, the revised target suggests an estimated 42% upside based on the stock's October 14 closing price. The stock was last trading at $171.50, up 5.87% on the day.

Overall sentiment on the auto retailer remains cautious. The consensus recommendation among 14 covering analysts stays at Hold, with 5 rating the stock a Buy, 8 advising a Hold, and 1 issuing a Sell rating. Individual price predictions for the company span a wide range, extending from a low of $184 to a high of $295 per share.

Investors will be watching how future quarterly operating results and shifts in retail vehicle demand impact analyst estimates and whether the shares move closer to Wall Street's consensus expectations.

Key points

  • Analysts lowered Asbury Automotive Group's 12-month average price target from $234 to $229.90 per share.
  • The revised consensus target implies approximately 42% upside from the October 14 closing price.
  • Analyst price estimates for the stock range between $184 and $295 per share across 10 forecasts.
  • The overall consensus recommendation holds steady at Hold across 14 analysts, including 5 Buys, 8 Holds, and 1 Sell.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is the new price target for Asbury Automotive Group?

Analysts set a 12-month average price target of $229.90 per share for Asbury Automotive Group, Inc., down from the previous average of $234.

What is the analyst consensus rating for Asbury Automotive stock?

The overall consensus rating is Hold among 14 covering analysts, consisting of 5 Buy ratings, 8 Hold ratings, and 1 Sell rating.

How much upside does the updated Asbury Automotive price target suggest?

Based on the October 14 closing price, the average target of $229.90 represents approximately 42% potential upside.