Headlines about Asbury Automotive Group (NYSE:ABG) have trended positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asbury Automotive Group earned a news impact score of 0.41 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1029383745777 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
Shares of Asbury Automotive Group (ABG) opened at $75.30 on Tuesday. 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 has a twelve month low of $49.10 and a twelve month high of $76.15. The stock has a market capitalization of $1,567.57, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.56.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.09). Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Asbury Automotive Group’s revenue for the quarter was down 4.8% compared to the same quarter last year. equities analysts anticipate that Asbury Automotive Group will post 6.25 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $61.00 target price on shares of Asbury Automotive Group in a report on Thursday, October 12th. Zacks Investment Research downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, TheStreet upgraded Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.75.
In other Asbury Automotive Group news, Director Joel Alsfine sold 200,000 shares of Asbury Automotive Group stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.00, for a total transaction of $12,400,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig T. Monaghan sold 16,096 shares of Asbury Automotive Group stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $61.08, for a total value of $983,143.68. Following the sale, the chief executive officer now owns 125,408 shares in the company, valued at $7,659,920.64. The disclosure for this sale can be found here. Insiders have sold a total of 265,884 shares of company stock worth $16,426,020 over the last 90 days. 11.90% of the stock is owned by company insiders.
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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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