Asbury Automotive Group (NYSE:ABG – Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $6.78 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported $6.40 EPS for the quarter, missing analysts’ consensus estimates of $7.31 by ($0.91). Asbury Automotive Group had a net margin of 2.51% and a return on equity of 17.93%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the company earned $8.95 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, analysts expect Asbury Automotive Group to post $26 EPS for the current fiscal year and $29 EPS for the next fiscal year.
Asbury Automotive Group Stock Down 1.0 %
ABG stock opened at $222.87 on Friday. Asbury Automotive Group has a 1-year low of $184.47 and a 1-year high of $277.13. The business has a fifty day moving average price of $229.87 and a 200-day moving average price of $231.19. The stock has a market capitalization of $4.50 billion, a P/E ratio of 8.12 and a beta of 1.16. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.25 and a quick ratio of 0.45.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on ABG
Insider Activity
In other Asbury Automotive Group news, major shareholder Impactive Capital Lp sold 8,353 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $225.63, for a total transaction of $1,884,687.39. Following the transaction, the insider now owns 2,008,649 shares in the company, valued at $453,211,473.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Impactive Capital Lp sold 8,353 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $225.63, for a total transaction of $1,884,687.39. Following the completion of the transaction, the insider now owns 2,008,649 shares in the company, valued at $453,211,473.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Hult sold 500 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $227.18, for a total value of $113,590.00. Following the completion of the sale, the chief executive officer now owns 56,834 shares in the company, valued at approximately $12,911,548.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Asbury Automotive Group Company Profile
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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