Positive Press Coverage Somewhat Unlikely to Affect Asbury Automotive Group (NYSE:ABG) Stock Price

Media coverage about Asbury Automotive Group (NYSE:ABG) has been trending positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asbury Automotive Group earned a news impact score of 0.45 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6816944782066 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s rankings:

Shares of Asbury Automotive Group (NYSE:ABG) opened at 52.25 on Friday. Asbury Automotive Group has a 12-month low of $47.50 and a 12-month high of $71.00. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.80 and a beta of 1.42. The company has a 50-day moving average of $55.06 and a 200 day moving average of $59.32.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by $0.09. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Asbury Automotive Group had a net margin of 2.53% and a return on equity of 46.58%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 earnings per share. Analysts predict that Asbury Automotive Group will post $6.34 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target (down previously from $68.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $58.00 price target (down previously from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. BidaskClub lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Asbury Automotive Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $55.00 price target (down previously from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Asbury Automotive Group has a consensus rating of “Hold” and an average price target of $57.80.

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In other news, SVP George Karolis sold 2,743 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $55.98, for a total value of $153,553.14. Following the completion of the sale, the senior vice president now directly owns 5,083 shares in the company, valued at $284,546.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David W. Hult sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $57.34, for a total value of $716,750.00. Following the completion of the sale, the chief operating officer now owns 41,911 shares of the company’s stock, valued at $2,403,176.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,738 shares of company stock valued at $897,157. 11.90% of the stock is owned by company insiders.

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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