Asbury Automotive Group Inc (NYSE:ABG) Director Joel Alsfine sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $62.00, for a total transaction of $12,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Asbury Automotive Group Inc (NYSE ABG) traded down $0.30 during trading on Monday, hitting $61.65. 184,752 shares of the stock were exchanged, compared to its average volume of 225,298. The firm has a market cap of $1,280.00, a price-to-earnings ratio of 9.99, a PEG ratio of 1.10 and a beta of 1.55. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. Asbury Automotive Group Inc has a 1-year low of $47.50 and a 1-year high of $71.00.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.09). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.68 billion. Asbury Automotive Group had a net margin of 2.54% and a return on equity of 42.24%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 EPS. equities analysts expect that Asbury Automotive Group Inc will post 6.28 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/06/asbury-automotive-group-inc-abg-director-joel-alsfine-sells-200000-shares.html.

A number of research firms have weighed in on ABG. Zacks Investment Research cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. TheStreet raised shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price objective on shares of Asbury Automotive Group in a research report on Thursday, October 12th. BidaskClub cut 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 reissued 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $56.75.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Asbury Automotive Group by 6.2% in the 2nd quarter. BlackRock Inc. now owns 2,671,470 shares of the company’s stock valued at $151,072,000 after purchasing an additional 156,996 shares in the last quarter. Vanguard Group Inc. raised its stake in Asbury Automotive Group by 3.5% during the second quarter. Vanguard Group Inc. now owns 1,840,061 shares of the company’s stock worth $104,055,000 after acquiring an additional 62,905 shares during the period. Dimensional Fund Advisors LP raised its stake in Asbury Automotive Group by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 820,577 shares of the company’s stock worth $46,403,000 after acquiring an additional 33,383 shares during the period. State Street Corp raised its stake in Asbury Automotive Group by 4.4% during the second quarter. State Street Corp now owns 592,006 shares of the company’s stock worth $33,477,000 after acquiring an additional 24,719 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Asbury Automotive Group by 6.5% during the second quarter. Goldman Sachs Group Inc. now owns 546,985 shares of the company’s stock worth $30,932,000 after acquiring an additional 33,194 shares during the period.

Asbury Automotive Group Company Profile

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)

Receive News & Ratings for Asbury Automotive Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.