Asbury Automotive Group, Inc. (NYSE:ABG – Get Free Report) CEO David W. Hult sold 500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $227.18, for a total value of $113,590.00. Following the completion of the sale, the chief executive officer now directly owns 56,834 shares of the company’s stock, valued at $12,911,548.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Asbury Automotive Group Stock Down 0.7 %
ABG stock opened at $230.36 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 8.40 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 0.38 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $236.77 and its two-hundred day simple moving average is $226.36. Asbury Automotive Group, Inc. has a 1-year low of $178.40 and a 1-year high of $277.13.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $6.40 earnings per share for the quarter, missing analysts’ consensus estimates of $7.31 by ($0.91). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period last year, the firm posted $8.95 earnings per share. Asbury Automotive Group’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts expect that Asbury Automotive Group, Inc. will post 29.12 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Asbury Automotive Group from $185.00 to $190.00 and gave the stock an “underweight” rating in a report on Wednesday. StockNews.com downgraded shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. cut shares of Asbury Automotive Group from an “overweight” rating to a “neutral” rating and set a $230.00 price target on the stock. in a report on Monday, June 10th.
Get Our Latest Research Report on Asbury Automotive Group
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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