Asbury Automotive Group Inc (NYSE:ABG) Director Dennis E. Clements sold 5,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $58.66, for a total value of $293,300.00. Following the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at $1,204,348.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Asbury Automotive Group Inc (NYSE ABG) opened at 58.40 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 7.60 and a beta of 1.42. Asbury Automotive Group Inc has a 12 month low of $47.50 and a 12 month high of $71.00. The firm’s 50-day moving average price is $53.69 and its 200-day moving average price is $56.92.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.09). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.65 billion. Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. On average, equities research analysts forecast that Asbury Automotive Group Inc will post $6.34 EPS for the current year.

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Several institutional investors have recently modified their holdings of ABG. Ameritas Investment Partners Inc. acquired a new position in Asbury Automotive Group in the first quarter valued at approximately $104,000. Victory Capital Management Inc. lifted its holdings in Asbury Automotive Group by 45.6% in the first quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock valued at $113,000 after acquiring an additional 587 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Asbury Automotive Group by 4.1% in the first quarter. Public Employees Retirement System of Ohio now owns 3,333 shares of the company’s stock valued at $200,000 after acquiring an additional 132 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Asbury Automotive Group in the first quarter valued at approximately $210,000. Finally, State of Alaska Department of Revenue lifted its holdings in Asbury Automotive Group by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 3,714 shares of the company’s stock valued at $210,000 after acquiring an additional 1,634 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

A number of brokerages have issued reports on ABG. Jefferies Group LLC restated a “hold” rating and set a $61.00 price objective (down from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Deutsche Bank AG restated a “hold” rating and set a $58.00 price objective (down from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. BidaskClub downgraded Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum restated a “hold” rating and set a $55.00 price objective (down from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Asbury Automotive Group presently has a consensus rating of “Hold” and an average price target of $57.80.

About Asbury Automotive Group

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.

Insider Buying and Selling by Quarter for Asbury Automotive Group (NYSE:ABG)

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