Asbury Automotive Group (NYSE:ABG) SVP Sells 948 Shares of Stock

Asbury Automotive Group, Inc. (NYSE:ABG – Get Free Report) SVP Jed Milstein sold 948 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $250.28, for a total value of $237,265.44. Following the completion of the transaction, the senior vice president directly owned 11,259 shares of the company’s stock, valued at $2,817,902.52. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Asbury Automotive Group Stock Performance

Asbury Automotive Group stock traded down $1.74 during mid-day trading on Friday, hitting $231.40. The company had a trading volume of 225,900 shares, compared to its average volume of 250,112. The company has a current ratio of 0.94, a quick ratio of 0.29 and a debt-to-equity ratio of 0.78. Asbury Automotive Group, Inc. has a 12-month low of $172.01 and a 12-month high of $263.38. The company’s fifty day moving average is $205.35 and its 200-day moving average is $209.33. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.96 and a beta of 0.74.

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Asbury Automotive Group (NYSE:ABG – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $6.82 earnings per share for the quarter, beating the consensus estimate of $6.31 by $0.51. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.49 billion. Asbury Automotive Group had a net margin of 2.83% and a return on equity of 12.74%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $7.43 EPS. Equities research analysts predict that Asbury Automotive Group, Inc. will post 26.4 EPS for the current year.

Hedge Funds Weigh In On Asbury Automotive Group

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Asbury Automotive Group by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,156,426 shares of the company’s stock valued at $225,977,000 after purchasing an additional 34,104 shares during the last quarter. State Street Corp increased its holdings in shares of Asbury Automotive Group by 1.2% during the 4th quarter. State Street Corp now owns 781,228 shares of the company’s stock worth $181,659,000 after buying an additional 9,535 shares during the last quarter. Norges Bank acquired a new stake in shares of Asbury Automotive Group during the 4th quarter worth approximately $77,963,000. Thrivent Financial for Lutherans raised its position in shares of Asbury Automotive Group by 106.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 296,057 shares of the company’s stock valued at $68,842,000 after buying an additional 152,669 shares during the period. Finally, Magnolia Group LLC raised its position in shares of Asbury Automotive Group by 3.1% during the 1st quarter. Magnolia Group LLC now owns 288,004 shares of the company’s stock valued at $56,279,000 after buying an additional 8,731 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup lifted their price objective on shares of Asbury Automotive Group from $212.00 to $250.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Asbury Automotive Group in a research note on Friday, July 24th. JPMorgan Chase & Co. reduced their price target on Asbury Automotive Group from $235.00 to $220.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. UBS Group set a $250.00 price target on Asbury Automotive Group in a research report on Wednesday. Finally, Stephens reissued an “overweight” rating and issued a $242.00 price objective on shares of Asbury Automotive Group in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $249.57.

Check Out Our Latest Stock Report on Asbury Automotive Group

Asbury Automotive Group Company Profile

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Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.

In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.

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