BofA cuts Asbury target to USD 234 for Asbury Automotive stock

Published on 10/17/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.38 billion on June 30, 2026. Asbury Automotive stock closed at USD 169.87 on October 16, 2026, below its USD 258.75 high.

Target revisions and market position

Bank of America lowered its Asbury target from USD 275.00 to USD 234.00 on October 16, 2026.
Second-quarter revenue reached USD 4.38 billion for the period ended June 30, 2026.
Asbury Automotive stock closed at USD 169.87 on October 16, 2026 at 4:00 p.m. ET, 34.36 percent below its 52-week high.
Asbury traded at a trailing P/E of 6.36 with a market capitalization of USD 3.1 billion on October 16, 2026.

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Bank of America lowered its Asbury Automotive target from USD 275.00 to USD 234.00 on October 16, 2026, leaving 37.75 percent upside to the October 16 closing price. Markets Insider reported that the firm kept its Buy rating while cutting the target.

Asbury Automotive Group's second-quarter revenue reached USD 4.38 billion for the period ended June 30, 2026. Net income attributable to common shareholders was USD 114.60 million, diluted earnings per share were USD 6.25 and the net profit margin was 3.00 percent.

Revenue rose as earnings cooled

Revenue increased from USD 4.11 billion in the first quarter of 2026 to USD 4.38 billion in the second quarter. The earnings comparison moved the other way: net income fell from USD 187.80 million to USD 114.60 million, while diluted earnings per share declined from USD 9.87 to USD 6.25.

Stock stays below its yearly high

Asbury closed at USD 169.87 on the NYSE on October 16, 2026 at 4:00 p.m. ET. The finance quote for that session showed a 52-week range of USD 160.30 to USD 258.75, placing the closing price 5.97 percent above the low and 34.36 percent below the high. Trading volume was 271,905 shares against an average of 258,690, or 5.11 percent higher.

Valuation and peer comparison

Asbury had a market capitalization of USD 3.1 billion and a trailing P/E of 6.36 on October 16, 2026. Bank of America's USD 234.00 target stood 37.75 percent above the closing price, while the target cut leaves the analyst signal split between the firm's Buy rating and the lower valuation level.

Comparison with peers

Asbury Automotive Group (NYSE, USD): plus 0.11 percent, P/E 6.36, market capitalization USD 3.1 billion

Lithia Motors (NYSE, USD): minus 0.06 percent, P/E 9.79, market capitalization USD 6.5 billion

CarMax (NYSE, USD): plus 1.35 percent, P/E 25.04, market capitalization USD 7.6 billion

Closing level and investor view

The central tension is visible in the numbers: second-quarter revenue reached USD 4.38 billion, but net income declined to USD 114.60 million from USD 187.80 million in the first quarter. The stock's USD 169.87 closing price was still 34.36 percent below the 52-week high of USD 258.75.

Asbury Automotive stock closed at USD 169.87 on October 16, 2026 at 4:00 p.m. ET, 34.36 percent below its 52-week high of USD 258.75.