Asbury Automotive Group, Inc. (ABG) Director Thomas C. Deloach, Jr. Sells 1,676 Shares
Asbury Automotive Group, Inc. (NYSE:ABG) Director Thomas C. Deloach, Jr. sold 1,676 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $59.20, for a total transaction of $99,219.20. Following the completion of the transaction, the director now owns 82,000 shares of the company’s stock, valued at $4,854,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Asbury Automotive Group, Inc. (NYSE:ABG) traded up 1.51% during trading on Friday, hitting $57.30. 397,379 shares of the stock were exchanged. Asbury Automotive Group, Inc. has a 1-year low of $47.50 and a 1-year high of $71.00. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.33 and a beta of 1.33. The firm’s 50 day moving average price is $59.15 and its 200-day moving average price is $61.17.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings data on Thursday, April 27th. The company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Asbury Automotive Group had a return on equity of 57.45% and a net margin of 2.56%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Asbury Automotive Group, Inc. will post $6.55 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ABG. Ameritas Investment Partners Inc. purchased a new position in shares of Asbury Automotive Group during the first quarter worth approximately $104,000. Victory Capital Management Inc. boosted its position in shares of Asbury Automotive Group by 45.6% in the first quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock worth $113,000 after buying an additional 587 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Asbury Automotive Group during the third quarter worth approximately $106,000. US Bancorp DE boosted its position in shares of Asbury Automotive Group by 17.2% in the third quarter. US Bancorp DE now owns 3,274 shares of the company’s stock worth $182,000 after buying an additional 480 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Asbury Automotive Group during the first quarter worth approximately $210,000.
Several research firms recently commented on ABG. Jefferies Group LLC raised their price target on shares of Asbury Automotive Group from $64.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, February 7th. Zacks Investment Research raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 9th.
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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