Asbury Automotive Group (NYSE:ABG) posted its quarterly earnings data on Tuesday. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.01, Bloomberg Earnings reports. Asbury Automotive Group had a net margin of 2.57% and a return on equity of 35.08%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis.
NYSE ABG opened at $96.64 on Wednesday. The company has a 50 day simple moving average of $99.51 and a 200-day simple moving average of $86.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.20 and a quick ratio of 0.34. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Asbury Automotive Group has a 52-week low of $61.47 and a 52-week high of $106.37.
In related news, VP William Frederick Stax sold 424 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.35, for a total transaction of $38,308.40. Following the transaction, the vice president now owns 3,464 shares of the company’s stock, valued at $312,972.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas C. Deloach, Jr. sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $91.71, for a total transaction of $733,680.00. Following the transaction, the director now directly owns 17,703 shares in the company, valued at approximately $1,623,542.13. The disclosure for this sale can be found here. Insiders sold 12,324 shares of company stock valued at $1,129,466 over the last three months. 1.36% of the stock is owned by insiders.
About Asbury Automotive Group
Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.
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