Press coverage about Asbury Automotive Group (NYSE:ABG) has been trending somewhat positive recently, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Asbury Automotive Group earned a coverage optimism score of 0.24 on Alpha One’s scale. Alpha One also assigned news stories about the company an impact score of 94 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- Asbury Automotive Group (ABG) Given Daily Media Impact Score of 0.50 (americanbankingnews.com)
- Estimating the intrinsic value of Asbury Automotive Group Inc (ABG) (simplywall.st)
- $1.56 Billion in Sales Expected for Asbury Automotive Group, Inc. (ABG) This Quarter (americanbankingnews.com)
- Asbury Automotive Group (ABG) Receiving Somewhat Positive News Coverage, Analysis Finds (americanbankingnews.com)
Asbury Automotive Group (NYSE:ABG) opened at 62.25 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 8.41 and a beta of 1.33. The firm’s 50-day moving average is $60.84 and its 200-day moving average is $60.38. Asbury Automotive Group has a 52-week low of $47.50 and a 52-week high of $71.00.
Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, February 7th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.43 by $0.13. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Asbury Automotive Group had a net margin of 2.56% and a return on equity of 57.45%. Asbury Automotive Group’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. Analysts forecast that Asbury Automotive Group will post $6.40 EPS for the current fiscal year.
A number of brokerages recently issued reports on ABG. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, February 9th. Jefferies Group LLC upped their price objective on shares of Asbury Automotive Group from $64.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, February 7th.
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In related news, CFO Keith Style sold 10,000 shares of Asbury Automotive Group stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $66.50, for a total transaction of $665,000.00. Following the completion of the sale, the chief financial officer now owns 19,135 shares of the company’s stock, valued at approximately $1,272,477.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP George A. Villasana sold 13,004 shares of Asbury Automotive Group stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $65.11, for a total transaction of $846,690.44. Following the sale, the senior vice president now directly owns 26,784 shares of the company’s stock, valued at approximately $1,743,906.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,777 shares of company stock valued at $1,703,055 in the last ninety days. 10.90% of the stock is currently owned by insiders.
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.
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