Asbury Automotive Group, Inc. (NYSE:ABG) VP William Frederick Stax sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $67.69, for a total transaction of $108,304.00. Following the completion of the transaction, the vice president now directly owns 3,814 shares of the company’s stock, valued at approximately $258,169.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Asbury Automotive Group, Inc. (ABG) traded down $0.90 during trading hours on Monday, reaching $68.75. 174,023 shares of the company were exchanged, compared to its average volume of 207,171. The company has a market capitalization of $1,450.00, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. Asbury Automotive Group, Inc. has a 52 week low of $49.10 and a 52 week high of $76.40. The company has a quick ratio of 0.45, a current ratio of 1.23 and a debt-to-equity ratio of 2.19.
Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.21. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 39.80%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts anticipate that Asbury Automotive Group, Inc. will post 7.26 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday. Craig Hallum boosted their price objective on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Asbury Automotive Group has an average rating of “Hold” and a consensus price target of $63.40.
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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.
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