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Asbury Automotive Group (NYSE:ABG) CEO Craig T. Monaghan sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.64, for a total transaction of $1,044,600.00. Following the completion of the sale, the chief executive officer now directly owns 122,370 shares in the company, valued at approximately $8,521,847. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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. 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.04.

Shares of Asbury Automotive Group (NYSE:ABG) traded down 0.15% during mid-day trading on Friday, hitting $68.68. The stock had a trading volume of 56,430 shares. 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 $69.80 and its 200-day moving average is $60.96. The company has a market cap of $2.084 billion and a P/E ratio of 18.15.

Asbury Automotive Group (NYSE:ABG) last posted its quarterly 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. 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.

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