Merrill Lynch analyst John Murphy maintained a Buy rating on Asbury (NYSE:ABG) on Tuesday, setting a price target of $166, which is approximately 32.38% above the present share price of $125.4.
Murphy expects Asbury to post earnings per share (EPS) of $5.01 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Asbury, with an average price target of $139.67.
The analysts price targets range from a high of $166 to a low of $120.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.85 billion and a net profit of $119.1 million. The company's market cap is $2.42 billion.
According to TipRanks.com, Merrill Lynch analyst John Murphy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 61.36% success rate.
Asbury Automotive Group, Inc. operates as a holding company, which engages in the automotive dealership. It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts and collision repair services; new and used vehicle financing; and aftermarket products such as insurance, warranty and service contracts. The company was founded in 1995 and is headquartered in Duluth, GA.