Asbury Automotive Group Inc. (NYSE:ABG)’s share price was down 4.7% during trading on Tuesday . The stock traded as low as $54.49 and last traded at $54.88, with a volume of 284,794 shares changing hands. The stock had previously closed at $57.60.

Several equities analysts have recently commented on ABG shares. Zacks Investment Research cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. TheStreet upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Jefferies Group initiated coverage on Asbury Automotive Group in a research note on Monday, April 11th. They set a “hold” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Asbury Automotive Group presently has a consensus rating of “Hold” and a consensus target price of $78.38.

The firm has a 50 day moving average of $56.46 and a 200 day moving average of $55.92. The company has a market cap of $1.22 billion and a PE ratio of 8.38.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.65 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.65. The business earned $1.63 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Asbury Automotive Group Inc. will post $6.09 EPS for the current fiscal year.

In other Asbury Automotive Group news, CEO Craig T. Monaghan sold 27,000 shares of Asbury Automotive Group stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $57.92, for a total value of $1,563,840.00. Following the transaction, the chief executive officer now directly owns 125,519 shares of the company’s stock, valued at approximately $7,270,060.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dennis E. Clements sold 2,034 shares of Asbury Automotive Group stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $53.31, for a total value of $108,432.54. Following the completion of the transaction, the director now directly owns 24,943 shares in the company, valued at $1,329,711.33. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. KBC Group NV increased its position in shares of Asbury Automotive Group by 3,283.9% in the fourth quarter. KBC Group NV now owns 41,690 shares of the company’s stock valued at $2,812,000 after buying an additional 40,458 shares in the last quarter. Pear Tree Advisors Inc. purchased a new stake in shares of Asbury Automotive Group during the fourth quarter valued at $1,885,000. Jennison Associates LLC raised its stake in shares of Asbury Automotive Group by 9.5% in the fourth quarter. Jennison Associates LLC now owns 21,820 shares of the company’s stock valued at $1,472,000 after buying an additional 1,899 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Asbury Automotive Group during the fourth quarter valued at $2,219,000. Finally, Marshall Wace LLP purchased a new stake in shares of Asbury Automotive Group during the fourth quarter valued at $8,765,000.

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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