Insider Selling: Craig T. Monaghan Unloads 15,000 Shares of Asbury Automotive Group Stock (ABG)
Asbury Automotive Group (NYSE:ABG) CEO Craig T. Monaghan unloaded 15,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.64, for a total transaction of $1,044,600.00. Following the transaction, the chief executive officer now directly owns 122,370 shares of the company’s stock, valued at approximately $8,521,847. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.04.
Asbury Automotive Group (NYSE:ABG) traded down 0.14% on Wednesday, hitting $69.30. The stock had a trading volume of 124,205 shares. Asbury Automotive Group has a one year low of $45.31 and a one year high of $73.35. The stock has a 50-day moving average of $69.84 and a 200-day moving average of $60.90. The company has a market cap of $2.103 billion and a price-to-earnings ratio of 18.32.
Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, July 22nd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Asbury Automotive Group will post $4.29 EPS for the current fiscal year.
Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.
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