Today, the VP, Contr & CAO of Asbury (NYSE: ABG), William Frederick Stax, sold shares of ABG for $20.25K.
Following William Frederick Stax’s last ABG Sell transaction on March 12, 2018, the stock climbed by 5.8%.
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Based on Asbury’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.72 billion and quarterly net profit of $43.2 million. In comparison, last year the company earned revenue of $1.63 billion and had a net profit of $31.9 million. ABG’s market cap is $1.52B and the company has a P/E ratio of 9.87. Currently, Asbury has an average volume of 216.9K.
Three different firms, including Merrill Lynch and Buckingham, currently also have a Sell rating on the stock.
The insider sentiment on Asbury has been neutral according to 64 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
William Frederick Stax’s trades have generated a -13.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Asbury Automotive Group, Inc. is a holding company, which engages in the automotive dealership. It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts and collision repair services; new and used vehicle financing; and aftermarket products such as insurance, warranty and service contracts.
