Asbury Automotive Group, Inc. (NYSE:ABG) Director Juanita T. James sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $74.73, for a total transaction of $112,095.00. Following the completion of the sale, the director now directly owns 8,679 shares in the company, valued at $648,581.67. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NYSE:ABG traded down $1.15 during trading hours on Wednesday, reaching $73.30. The stock had a trading volume of 3,757 shares, compared to its average volume of 158,324. Asbury Automotive Group, Inc. has a 1 year low of $53.85 and a 1 year high of $77.75. The company has a current ratio of 1.19, a quick ratio of 0.36 and a debt-to-equity ratio of 1.90. The company has a market cap of $1.52 billion, a PE ratio of 11.49, a P/E/G ratio of 1.06 and a beta of 1.45.
Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings data on Tuesday, July 24th. The company reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.16. Asbury Automotive Group had a net margin of 2.37% and a return on equity of 37.44%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. equities research analysts expect that Asbury Automotive Group, Inc. will post 7.8 EPS for the current year.
Several large investors have recently made changes to their positions in the business. Stevens Capital Management LP acquired a new position in shares of Asbury Automotive Group in the 2nd quarter valued at $201,000. Sei Investments Co. boosted its holdings in shares of Asbury Automotive Group by 1,869.7% in the 2nd quarter. Sei Investments Co. now owns 2,994 shares of the company’s stock valued at $206,000 after buying an additional 2,842 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Asbury Automotive Group in the 2nd quarter valued at $227,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Asbury Automotive Group in the 1st quarter valued at $251,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Asbury Automotive Group in the 1st quarter valued at $259,000.
ABG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 18th. Morgan Stanley raised shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $63.00 to $71.00 in a research report on Tuesday, July 10th. SunTrust Banks initiated coverage on shares of Asbury Automotive Group in a research report on Friday, August 24th. They issued a “hold” rating and a $78.00 price objective on the stock. Finally, ValuEngine downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Asbury Automotive Group currently has an average rating of “Hold” and a consensus price target of $71.83.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
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