What Did This CEO Just Do with Personal Shares of Asbury (ABG)?


Today, the President & CEO of Asbury (ABG), David Hult, sold shares of ABG for $1.19M.

Following David Hult’s last ABG Sell transaction on June 14, 2017, the stock climbed by 21.2%. In addition to David Hult, 3 other ABG executives reported Sell trades in the last month.

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Based on Asbury’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.67 billion and quarterly net profit of $40.9 million. In comparison, last year the company earned revenue of $1.61 billion and had a net profit of $40.1 million. ABG’s market cap is $1.53B and the company has a P/E ratio of 9.54. Currently, Asbury has an average volume of 127.4K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $85.00, reflecting a 4.9% upside.

The insider sentiment on Asbury has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Hult’s trades have generated a -20.9% 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. operates as 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. The company was founded in 1995 and is headquartered in Duluth, GA.

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