Asbury Automotive Group, Inc. (NYSE:ABG) SVP Jed Milstein sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $69.41, for a total value of $69,410.00. Following the transaction, the senior vice president now directly owns 13,027 shares in the company, valued at approximately $904,204.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ABG traded up $0.76 during trading hours on Friday, hitting $68.61. 3,214 shares of the stock traded hands, compared to its average volume of 192,541. The company has a quick ratio of 0.37, a current ratio of 1.19 and a debt-to-equity ratio of 1.83. Asbury Automotive Group, Inc. has a 1-year low of $58.60 and a 1-year high of $77.75. The firm has a market capitalization of $1.33 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.
Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.13. Asbury Automotive Group had a return on equity of 37.38% and a net margin of 2.44%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Asbury Automotive Group, Inc. will post 8.61 EPS for the current year.
Several equities analysts have recently issued reports on ABG shares. Zacks Investment Research raised Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, January 29th. ValuEngine lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.80.
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About Asbury Automotive Group
Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
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