Asbury Automotive Group Inc (NYSE:ABG) insider William Frederick Stax sold 495 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $54.25, for a total transaction of $26,853.75. Following the completion of the sale, the insider now directly owns 4,586 shares in the company, valued at $248,790.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Asbury Automotive Group Inc (NYSE:ABG) traded down 0.28% during midday trading on Monday, hitting $54.10. 92,552 shares of the company traded hands. Asbury Automotive Group Inc has a 12-month low of $47.50 and a 12-month high of $71.00. The stock has a 50 day moving average price of $55.57 and a 200-day moving average price of $59.86. The company has a market cap of $1.13 billion, a PE ratio of 7.04 and a beta of 1.42.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by $0.09. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.65 billion. Asbury Automotive Group had a net margin of 2.53% and a return on equity of 46.58%. Asbury Automotive Group’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Analysts expect that Asbury Automotive Group Inc will post $6.34 EPS for the current year.

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Several research firms recently issued reports on ABG. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price (down from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and issued a $58.00 target price (down from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. BidaskClub cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Craig Hallum reissued a “hold” rating and issued a $55.00 target price (down from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Finally, ValuEngine cut shares of Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $57.80.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Asbury Automotive Group by 116,095.7% in the first quarter. BlackRock Inc. now owns 2,514,474 shares of the company’s stock worth $151,120,000 after buying an additional 2,512,310 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Asbury Automotive Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,777,156 shares of the company’s stock worth $106,807,000 after buying an additional 62,076 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Asbury Automotive Group by 42.2% in the first quarter. Neuberger Berman Group LLC now owns 1,446,088 shares of the company’s stock worth $86,910,000 after buying an additional 429,046 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Asbury Automotive Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 787,194 shares of the company’s stock worth $47,312,000 after buying an additional 12,241 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of Asbury Automotive Group during the first quarter worth $45,869,000. Institutional investors own 99.89% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Asbury Automotive Group (NYSE:ABG)

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