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Stocks•7 May 2026•

1 min read

JPMorgan Cuts Asbury Automotive Price Target to $220 Following Earnings Miss

Key Facts

1JPMorgan Chase & Co. lowered its price target for Asbury Automotive Group from $235.00 to $220.00 while maintaining an underweight rating.

2The adjustment follows the company's recent earnings report, which missed both EPS and revenue estimates.

JPMorgan Chase & Co. has revised its price target for Asbury Automotive Group (ABG) downward to $220.00 from a previous target of $235.00. The financial institution maintained its "Underweight" rating on the stock, signaling continued caution regarding its market performance. This adjustment follows the company's latest quarterly earnings report, which failed to meet consensus expectations. Specifically, Asbury Automotive missed estimates for both earnings per share (EPS) and total revenue, triggering a revaluation by analysts. The downward revision reflects broader concerns over the company's financial trajectory in the current economic climate. Investors are closely monitoring the stock as it faces potential downward pressure following this negative assessment from a major investment bank.