Asbury Automotive Group (NYSE:ABG) VP William Frederick Stax sold 1,600 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $67.69, for a total transaction of $108,304.00. Following the completion of the transaction, the vice president now owns 3,814 shares of the company’s stock, valued at $258,169.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of ABG traded down $1.30 during mid-day trading on Friday, hitting $66.50. 275,892 shares of the company traded hands, compared to its average volume of 205,638. Asbury Automotive Group has a 1-year low of $49.10 and a 1-year high of $76.40. The company has a quick ratio of 0.45, a current ratio of 1.23 and a debt-to-equity ratio of 2.19. The company has a market cap of $1,387.59, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.21. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 39.80%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. research analysts anticipate that Asbury Automotive Group will post 7.52 EPS for the current fiscal year.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating and set a $78.00 target price for the company in a report on Friday, February 9th. Morgan Stanley boosted their target price on shares of Asbury Automotive Group from $53.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, March 14th. Finally, Craig Hallum boosted their target price on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Asbury Automotive Group presently has an average rating of “Hold” and an average price target of $65.40.
ILLEGAL ACTIVITY WARNING: “Asbury Automotive Group (ABG) VP Sells $108,304.00 in Stock” was originally published by BBNS and is the property of of BBNS. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://baseballnewssource.com/2018/04/06/asbury-automotive-group-inc-abg-vp-sells-108304-00-in-stock/2037288.html.
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.
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.