Asbury Automotive Group Inc (NYSE:ABG) Director Joel Alsfine sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.00, for a total transaction of $12,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Asbury Automotive Group Inc (NYSE ABG) opened at $60.85 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. Asbury Automotive Group Inc has a fifty-two week low of $47.50 and a fifty-two week high of $71.00. The company has a market cap of $1,266.76, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.55.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, October 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.09). Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $1.52 EPS. Asbury Automotive Group’s revenue was down 4.8% on a year-over-year basis. equities analysts forecast that Asbury Automotive Group Inc will post 6.28 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. grew its holdings in Asbury Automotive Group by 8.5% during the 3rd quarter. Macquarie Group Ltd. now owns 414,366 shares of the company’s stock worth $25,318,000 after acquiring an additional 32,339 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of Asbury Automotive Group by 24.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,240 shares of the company’s stock valued at $809,000 after buying an additional 2,590 shares during the period. Sei Investments Co. grew its holdings in shares of Asbury Automotive Group by 14.3% in the 3rd quarter. Sei Investments Co. now owns 74,881 shares of the company’s stock valued at $4,276,000 after buying an additional 9,346 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Asbury Automotive Group by 61.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,360 shares of the company’s stock valued at $694,000 after buying an additional 4,338 shares during the period. Finally, River Road Asset Management LLC grew its holdings in shares of Asbury Automotive Group by 12.5% in the 3rd quarter. River Road Asset Management LLC now owns 538,734 shares of the company’s stock valued at $32,917,000 after buying an additional 59,900 shares during the period.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. TheStreet raised shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price target on shares of Asbury Automotive Group in a report on Thursday, October 12th. BidaskClub lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $58.00 target price (down previously from $60.00) on shares of Asbury Automotive Group in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.75.

Asbury Automotive Group Company Profile

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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