Favorable Media Coverage Somewhat Unlikely to Impact Asbury Automotive Group (ABG) Share Price

News headlines about Asbury Automotive Group (NYSE:ABG) have trended positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asbury Automotive Group earned a news sentiment score of 0.46 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1924132164972 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

ABG has been the topic of several recent analyst reports. Craig Hallum lifted their price objective on Asbury Automotive Group from $55.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Zacks Investment Research cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Asbury Automotive Group presently has a consensus rating of “Hold” and an average target price of $63.40.

Asbury Automotive Group (ABG) remained flat at $$67.50 during trading hours on Thursday. 25,333 shares of the stock traded hands, compared to its average volume of 215,947. The firm has a market cap of $1,414.56, a P/E ratio of 10.17, a PEG ratio of 0.90 and a beta of 1.58. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. Asbury Automotive Group has a twelve month low of $49.10 and a twelve month high of $76.40.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, February 6th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.21. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Asbury Automotive Group had a return on equity of 42.06% and a net margin of 2.15%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. sell-side analysts expect that Asbury Automotive Group will post 7.03 EPS for the current year.

In other Asbury Automotive Group news, Director Craig T. Monaghan sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $68.57, for a total value of $1,028,550.00. Following the sale, the director now owns 86,112 shares in the company, valued at approximately $5,904,699.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juanita T. James sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $66.16, for a total value of $99,240.00. The disclosure for this sale can be found here. Insiders sold a total of 45,075 shares of company stock worth $3,090,893 in the last 90 days. Company insiders own 11.90% of the company’s stock.

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About Asbury Automotive Group

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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