Insider Selling: Asbury Automotive Group, Inc. (ABG) Director Sells 28,575 Shares of Stock
Asbury Automotive Group, Inc. (NYSE:ABG) Director Craig T. Monaghan sold 28,575 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $68.70, for a total value of $1,963,102.50. Following the completion of the transaction, the director now directly owns 86,112 shares of the company’s stock, valued at approximately $5,915,894.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Asbury Automotive Group, Inc. (ABG) opened at $69.15 on Friday. Asbury Automotive Group, Inc. has a 52-week low of $49.10 and a 52-week high of $76.40. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.38 and a current ratio of 1.25. The firm has a market capitalization of $1,440.00, a P/E ratio of 10.41, a P/E/G ratio of 0.88 and a beta of 1.58.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.21. Asbury Automotive Group had a return on equity of 42.06% and a net margin of 2.15%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $1.56 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts forecast that Asbury Automotive Group, Inc. will post 6.93 earnings per share for the current year.
Several research analysts have recently issued reports on ABG shares. Zacks Investment Research lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Craig Hallum increased their target price on Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Asbury Automotive Group presently has an average rating of “Hold” and a consensus target price of $63.40.
About Asbury Automotive Group
Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.
Receive News & Ratings for Asbury Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter.