Asbury Automotive Group, Inc. (ABG) CFO Sells $263,161.23 in Stock

Asbury Automotive Group, Inc. (NYSE:ABG) CFO Sean D. Goodman sold 3,299 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $79.77, for a total value of $263,161.23. Following the transaction, the chief financial officer now owns 26,183 shares of the company’s stock, valued at approximately $2,088,617.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:ABG opened at $78.57 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. Asbury Automotive Group, Inc. has a 52 week low of $58.60 and a 52 week high of $82.30. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 1.85.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.28. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Asbury Automotive Group had a net margin of 2.43% and a return on equity of 36.35%. Asbury Automotive Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. On average, sell-side analysts predict that Asbury Automotive Group, Inc. will post 8.93 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Morgan Stanley boosted their price objective on shares of Asbury Automotive Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.83.

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of Asbury Automotive Group by 6.5% in the third quarter. Wells Fargo & Company MN now owns 38,782 shares of the company’s stock valued at $2,666,000 after acquiring an additional 2,376 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Asbury Automotive Group by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 280,910 shares of the company’s stock valued at $19,312,000 after buying an additional 13,951 shares in the last quarter. Martingale Asset Management L P raised its position in Asbury Automotive Group by 33.9% in the third quarter. Martingale Asset Management L P now owns 59,614 shares of the company’s stock valued at $4,099,000 after purchasing an additional 15,094 shares during the last quarter. MetLife Investment Advisors LLC raised its position in Asbury Automotive Group by 57.6% in the third quarter. MetLife Investment Advisors LLC now owns 14,228 shares of the company’s stock valued at $978,000 after purchasing an additional 5,199 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Asbury Automotive Group by 10.2% in the third quarter. Thrivent Financial for Lutherans now owns 13,884 shares of the company’s stock valued at $955,000 after purchasing an additional 1,288 shares during the last quarter.

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

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