Share on StockTwits

Asbury Automotive Group (NYSE:ABG) CEO Craig T. Monaghan sold 7,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $69.61, for a total transaction of $522,075.00. Following the transaction, the chief executive officer now directly owns 122,370 shares in the company, valued at approximately $8,518,176. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on ABG shares. Analysts at Zacks downgraded shares of Asbury Automotive Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $75.20 price target on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of Asbury Automotive Group in a research note on Wednesday, July 16th. They now have a $76.00 price target on the stock, up previously from $73.00. Finally, analysts at KeyCorp raised their price target on shares of Asbury Automotive Group from $68.00 to $73.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.04.

Asbury Automotive Group (NYSE:ABG) traded down 0.14% on Wednesday, hitting $69.30. 124,205 shares of the company’s stock traded hands. Asbury Automotive Group has a 52 week low of $45.31 and a 52 week high of $73.35. The stock’s 50-day moving average is $69.84 and its 200-day moving average is $60.90. The company has a market cap of $2.103 billion and a P/E ratio of 18.32.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.98 earnings per share. Asbury Automotive Group’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Asbury Automotive Group will post $4.29 earnings per share for the current fiscal year.

Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.