Asbury Automotive Group, Inc. (NYSE:ABG) Director Thomas Reddin sold 1,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $69.00, for a total transaction of $103,500.00. Following the sale, the director now owns 4,415 shares in the company, valued at $304,635. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Asbury Automotive Group, Inc. (NYSE:ABG) opened at $68.40 on Wednesday. The company has a market cap of $1,437.79, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. 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 2.19, a quick ratio of 0.45 and a current ratio of 1.23.
Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.81 EPS for the quarter, topping the 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 firm earned $1.56 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. sell-side analysts predict that Asbury Automotive Group, Inc. will post 7.26 earnings per share for the current fiscal year.
Several brokerages have commented on ABG. Zacks Investment Research lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research report on Monday. Craig Hallum boosted their target price 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $63.40.
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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