Asbury Automotive Group Inc (NYSE:ABG) SVP George A. Villasana sold 13,004 shares of Asbury Automotive Group stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $65.11, for a total transaction of $846,690.44. Following the completion of the transaction, the senior vice president now owns 26,784 shares in the company, valued at approximately $1,743,906.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Asbury Automotive Group Inc (NYSE:ABG) traded up 0.23% during midday trading on Monday, reaching $65.80. 78,736 shares of the company’s stock were exchanged. Asbury Automotive Group Inc has a 12-month low of $47.50 and a 12-month high of $71.00. The stock’s 50 day moving average is $64.11 and its 200-day moving average is $57.96. The stock has a market cap of $1.46 billion, a PE ratio of 8.89 and a beta of 1.33.
Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.14. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Asbury Automotive Group had a net margin of 2.56% and a return on equity of 57.45%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. On average, equities analysts expect that Asbury Automotive Group Inc will post $6.44 EPS for the current year.
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A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.50.
Hedge funds have recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new stake in shares of Asbury Automotive Group during the third quarter worth about $7,353,000. Stoneridge Investment Partners LLC raised its stake in shares of Asbury Automotive Group by 74.9% in the third quarter. Stoneridge Investment Partners LLC now owns 47,039 shares of the company’s stock worth $2,619,000 after buying an additional 20,143 shares during the period. Chicago Equity Partners LLC acquired a new stake in shares of Asbury Automotive Group during the third quarter worth about $733,000. James Investment Research Inc. raised its stake in shares of Asbury Automotive Group by 301.7% in the third quarter. James Investment Research Inc. now owns 12,050 shares of the company’s stock worth $671,000 after buying an additional 9,050 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Asbury Automotive Group by 3.1% in the second quarter. Macquarie Group Ltd. now owns 313,899 shares of the company’s stock worth $16,555,000 after buying an additional 9,347 shares during the period.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.
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