News coverage about Asbury Automotive Group (NYSE:ABG) has been trending positive on Sunday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asbury Automotive Group earned a daily sentiment score of 0.44 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.7534045288793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of NYSE:ABG traded up $0.35 during midday trading on Friday, reaching $74.75. The company’s stock had a trading volume of 121,254 shares, compared to its average volume of 204,657. The firm has a market capitalization of $1.53 billion, a P/E ratio of 11.63, a PEG ratio of 1.08 and a beta of 1.40. Asbury Automotive Group has a twelve month low of $49.10 and a twelve month high of $76.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.19 and a quick ratio of 0.36.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings data on Tuesday, July 24th. The company reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.16. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.67 billion. Asbury Automotive Group had a net margin of 2.37% and a return on equity of 37.44%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share. equities analysts anticipate that Asbury Automotive Group will post 7.72 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of 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 Wednesday, May 16th. ValuEngine lowered shares of Asbury Automotive Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Buckingham Research upped their price target on shares of Asbury Automotive Group from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 25th. Finally, Morgan Stanley upgraded shares of Asbury Automotive Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $63.00 to $71.00 in a research note on Tuesday, July 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.60.

In other news, Director Thomas C. Deloach, Jr. sold 15,000 shares of the stock in a transaction on Friday, June 8th. The shares were sold at an average price of $73.51, for a total value of $1,102,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP George A. Villasana sold 13,263 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $73.38, for a total transaction of $973,238.94. The disclosure for this sale can be found here. Insiders sold 28,533 shares of company stock worth $2,096,136 in the last quarter. Company insiders own 1.90% of the company’s stock.

About Asbury Automotive Group

Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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