Asbury Automotive Group, Inc. (NYSE:ABG) COO Sells $361,010.88 in Stock

Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) COO Daniel Clara sold 1,217 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the sale, the chief operating officer now owns 3,747 shares of the company's stock, valued at $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Asbury Automotive Group Stock Down 3.5 %

ABG traded down $10.14 during trading hours on Friday, reaching $277.42. 79,832 shares of the stock traded hands, compared to its average volume of 199,335. Asbury Automotive Group, Inc. has a fifty-two week low of $202.98 and a fifty-two week high of $312.56. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 12.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm's fifty day simple moving average is $264.56 and its two-hundred day simple moving average is $247.65.

Wall Street Analyst Weigh In

ABG has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating for the company in a report on Friday, January 17th. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Craig Hallum downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Seaport Res Ptn lowered shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Stephens increased their price target on Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Asbury Automotive Group presently has a consensus rating of "Hold" and a consensus target price of $264.00.

Institutional Trading of Asbury Automotive Group

Several large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Asbury Automotive Group in the 3rd quarter valued at approximately $804,000. Intech Investment Management LLC bought a new stake in shares of Asbury Automotive Group in the third quarter worth $1,223,000. Empirical Asset Management LLC acquired a new stake in Asbury Automotive Group in the fourth quarter valued at $484,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Asbury Automotive Group during the 4th quarter valued at $221,000. Finally, International Assets Investment Management LLC acquired a new position in Asbury Automotive Group during the 3rd quarter worth $154,270,000.

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.