Asbury Automotive Group, Inc. (NYSE:ABG) Director Craig T. Monaghan sold 28,575 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $68.70, for a total transaction of $1,963,102.50. Following the sale, the director now owns 86,112 shares of the company’s stock, valued at approximately $5,915,894.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Asbury Automotive Group, Inc. (NYSE ABG) opened at $68.80 on Monday. Asbury Automotive Group, Inc. has a 1-year low of $49.10 and a 1-year high of $76.40. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.25 and a quick ratio of 0.38. The firm has a market cap of $1,430.00, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.58.
Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.21. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 42.06%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $1.56 EPS. Asbury Automotive Group’s revenue was up .3% on a year-over-year basis. equities research analysts anticipate that Asbury Automotive Group, Inc. will post 7.03 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Asbury Automotive Group by 6.2% during the second quarter. BlackRock Inc. now owns 2,671,470 shares of the company’s stock valued at $151,072,000 after buying an additional 156,996 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $104,055,000 after buying an additional 62,905 shares in the last quarter. Abrams Capital Management L.P. lifted its stake in Asbury Automotive Group by 8.5% during the fourth quarter. Abrams Capital Management L.P. now owns 1,085,091 shares of the company’s stock valued at $69,446,000 after buying an additional 85,091 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Asbury Automotive Group by 2.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 842,303 shares of the company’s stock valued at $53,907,000 after buying an additional 18,830 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Asbury Automotive Group by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 838,733 shares of the company’s stock valued at $51,247,000 after buying an additional 18,156 shares in the last quarter.
ABG has been the subject of several recent research reports. Craig Hallum upped their price target on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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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