Asbury Automotive Group Inc (NYSE:ABG) Director Msd Capital L. P sold 104,949 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $51.27, for a total transaction of $5,380,735.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Asbury Automotive Group Inc (NYSE:ABG) remained flat at $51.20 during trading on Wednesday. 194,039 shares of the company traded hands. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.66 and a beta of 1.42. The firm has a 50-day moving average price of $54.97 and a 200-day moving average price of $59.02. Asbury Automotive Group Inc has a 12 month low of $47.50 and a 12 month high of $71.00.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Asbury Automotive Group during the fourth quarter valued at $887,000. Teachers Advisors LLC increased its position in Asbury Automotive Group by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 36,421 shares of the company’s stock valued at $2,247,000 after buying an additional 1,692 shares during the last quarter. River Road Asset Management LLC acquired a new position in Asbury Automotive Group during the first quarter valued at $21,387,000. Janney Montgomery Scott LLC acquired a new position in Asbury Automotive Group during the first quarter valued at $356,000. Finally, Russell Investments Group Ltd. increased its position in Asbury Automotive Group by 488.2% in the first quarter. Russell Investments Group Ltd. now owns 10,000 shares of the company’s stock valued at $601,000 after buying an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

A number of research firms have recently commented on ABG. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet lowered shares of Asbury Automotive Group from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective (down from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. BidaskClub lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG restated a “hold” rating and issued a $58.00 price objective (down from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.80.

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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