Asbury Automotive Group, Inc. (NYSE:ABG) Director Thomas Reddin sold 1,500 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $69.00, for a total value of $103,500.00. Following the sale, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $304,635. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Asbury Automotive Group, Inc. (NYSE:ABG) traded down $0.90 during mid-day trading on Monday, reaching $68.75. The company had a trading volume of 174,023 shares, compared to its average volume of 207,171. Asbury Automotive Group, Inc. has a 12 month low of $49.10 and a 12 month high of $76.40. The stock has a market capitalization of $1,450.00, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.23 and a quick ratio of 0.45.
Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. Asbury Automotive Group had a return on equity of 39.80% and a net margin of 2.15%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. research analysts predict that Asbury Automotive Group, Inc. will post 7.26 EPS for the current year.
A number of analysts have recently weighed in on ABG shares. Zacks Investment Research lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Craig Hallum raised their price target on 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.40.
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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.
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