Asbury Automotive Group, Inc. (ABG) SVP Sells $101,868.00 in Stock

Asbury Automotive Group, Inc. (NYSE:ABG) SVP Jed Milstein sold 1,300 shares of Asbury Automotive Group stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $78.36, for a total transaction of $101,868.00. Following the completion of the transaction, the senior vice president now owns 11,727 shares of the company’s stock, valued at approximately $918,927.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jed Milstein also recently made the following trade(s):

  • On Wednesday, March 13th, Jed Milstein sold 1,000 shares of Asbury Automotive Group stock. The stock was sold at an average price of $69.41, for a total transaction of $69,410.00.

ABG opened at $81.05 on Monday. The stock has a market capitalization of $1.58 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.16. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.19 and a quick ratio of 0.37. Asbury Automotive Group, Inc. has a twelve month low of $58.60 and a twelve month high of $82.30.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, April 23rd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.28. The firm 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 37.05%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. On average, equities research analysts anticipate that Asbury Automotive Group, Inc. will post 8.88 EPS for the current fiscal year.

Several research firms have recently weighed in on ABG. Craig Hallum upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, April 24th. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Asbury Automotive Group in a research note on Tuesday, February 19th. They issued a “neutral” rating and a $82.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.17.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc grew its stake in Asbury Automotive Group by 2.0% during the third quarter. Vanguard Group Inc now owns 2,021,921 shares of the company’s stock valued at $139,007,000 after acquiring an additional 38,717 shares in the last quarter. Peregrine Capital Management LLC grew its stake in Asbury Automotive Group by 49.7% during the fourth quarter. Peregrine Capital Management LLC now owns 113,001 shares of the company’s stock valued at $7,533,000 after acquiring an additional 37,491 shares in the last quarter. Chicago Equity Partners LLC grew its stake in Asbury Automotive Group by 2.9% during the fourth quarter. Chicago Equity Partners LLC now owns 95,785 shares of the company’s stock valued at $6,385,000 after acquiring an additional 2,700 shares in the last quarter. Federated Investors Inc. PA grew its stake in Asbury Automotive Group by 3.3% during the third quarter. Federated Investors Inc. PA now owns 128,925 shares of the company’s stock valued at $8,863,000 after acquiring an additional 4,065 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Asbury Automotive Group by 16.1% during the fourth quarter. Rhumbline Advisers now owns 60,298 shares of the company’s stock valued at $4,019,000 after acquiring an additional 8,342 shares in 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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