Asbury Automotive Group, Inc. (NYSE:ABG) Director Craig T. Monaghan sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $68.57, for a total transaction of $1,028,550.00. Following the completion of the sale, the director now owns 86,112 shares in the company, valued at $5,904,699.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Asbury Automotive Group, Inc. (NYSE ABG) traded up $1.40 during trading hours on Friday, reaching $69.15. 258,596 shares of the company traded hands, compared to its average volume of 237,657. The company has a market cap of $1,426.01, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. Asbury Automotive Group, Inc. has a one year low of $49.10 and a one year high of $76.40. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.25 and a quick ratio of 0.38.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. Asbury Automotive Group had a net margin of 2.15% and a return on equity of 42.06%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. analysts predict that Asbury Automotive Group, Inc. will post 6.47 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on ABG. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Friday. Craig Hallum boosted their target price on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Jefferies Group restated a “hold” rating and issued a $61.00 target price on shares of Asbury Automotive Group in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Asbury Automotive Group presently has an average rating of “Hold” and a consensus price target of $63.40.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Asbury Automotive Group by 6.2% during the 2nd quarter. BlackRock Inc. now owns 2,671,470 shares of the company’s stock valued at $151,072,000 after purchasing an additional 156,996 shares during the last quarter. Vanguard Group Inc. grew its holdings in Asbury Automotive Group by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,840,061 shares of the company’s stock valued at $104,055,000 after purchasing an additional 62,905 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Asbury Automotive Group by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 838,733 shares of the company’s stock valued at $51,247,000 after purchasing an additional 18,156 shares during the last quarter. State Street Corp grew its holdings in Asbury Automotive Group by 4.4% during the 2nd quarter. State Street Corp now owns 592,006 shares of the company’s stock valued at $33,477,000 after purchasing an additional 24,719 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in Asbury Automotive Group by 4.1% during the 4th quarter. River Road Asset Management LLC now owns 560,900 shares of the company’s stock valued at $35,898,000 after purchasing an additional 22,166 shares during the last quarter.

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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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