Asbury Automotive Group, Inc. (NYSE:ABG) CFO Sean D. Goodman sold 3,299 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $79.77, for a total value of $263,161.23. Following the completion of the transaction, the chief financial officer now owns 26,183 shares in the company, valued at $2,088,617.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Asbury Automotive Group stock opened at $79.07 on Friday. Asbury Automotive Group, Inc. has a one year low of $58.60 and a one year high of $82.30. The firm has a market capitalization of $1.56 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.63 and a beta of 1.22. The company has a current ratio of 1.19, a quick ratio of 0.37 and a debt-to-equity ratio of 1.83.
Asbury Automotive Group (NYSE:ABG) last announced its earnings results on Tuesday, April 23rd. The company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.28. Asbury Automotive Group had a return on equity of 37.05% and a net margin of 2.43%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.93 EPS. Asbury Automotive Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Asbury Automotive Group, Inc. will post 8.88 earnings per share for the current year.
A number of equities analysts have recently issued reports on ABG shares. Zacks Investment Research upgraded 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. Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Asbury Automotive Group has an average rating of “Hold” and an average price target of $80.17.
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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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