Asbury Automotive Group (NYSE:ABG) Earns News Impact Rating of 0.33

Media headlines about Asbury Automotive Group (NYSE:ABG) have trended positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Asbury Automotive Group earned a news impact score of 0.33 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.908705840584 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Asbury Automotive Group (ABG) traded up 0.56% on Wednesday, reaching $53.80. The company’s stock had a trading volume of 398,856 shares. Asbury Automotive Group has a 52-week low of $47.50 and a 52-week high of $71.00. The firm’s 50-day moving average price is $55.74 and its 200-day moving average price is $60.14. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 6.95 and a beta of 1.44.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by $0.09. Asbury Automotive Group had a net margin of 2.61% and a return on equity of 52.23%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.65 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that Asbury Automotive Group will post $6.51 earnings per share for the current year.

A number of brokerages recently commented on ABG. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective (down from $68.00) on shares of Asbury Automotive Group in a research note on Wednesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $58.00 price objective (down from $60.00) on shares of Asbury Automotive Group in a research note on Wednesday. Craig Hallum reaffirmed a “hold” rating and set a $55.00 price objective (down from $65.00) on shares of Asbury Automotive Group in a research note on Wednesday. BidaskClub raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Zacks Investment Research cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Asbury Automotive Group currently has a consensus rating of “Hold” and an average target price of $57.80.

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In other news, COO David W. Hult sold 12,500 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $57.34, for a total transaction of $716,750.00. Following the completion of the transaction, the chief operating officer now directly owns 41,911 shares in the company, valued at approximately $2,403,176.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas C. Deloach, Jr. sold 1,676 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $59.20, for a total transaction of $99,219.20. Following the transaction, the director now owns 82,000 shares of the company’s stock, valued at $4,854,400. The disclosure for this sale can be found here. Insiders have sold a total of 16,919 shares of company stock worth $969,522 in the last three months. Insiders own 11.90% of the company’s stock.

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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