Asbury Automotive Group Inc (ABG) Files Form 4 Insider Selling : Joel Alsfine Sells 225,000 Shares

Asbury Automotive Group Inc (ABG): Joel Alsfine , director of Asbury Automotive Group Inc sold 225,000 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $58.12 per share for a total value of $13077 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, George Karolis (SVP, Corp. Dev. & Real Estate) sold 1,717 shares at $60.47 per share price.On Mar 14, 2016, Eugene S Katz (director) sold 1,000 shares at $60.57 per share price.Also, On May 14, 2015, Dennis E Clements (director) sold 10,000 shares at $85.00 per share price.On Apr 22, 2015, Juanita T James (director) sold 3,152 shares at $86.72 per share price.

Shares of Asbury Automotive Group (ABG) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.9 points or -1.55% at $57.22 with 2,37,079 shares getting traded. Post opening the session at $57.64, the shares hit an intraday low of $56.79 and an intraday high of $58.44 and the price vacillated in this range throughout the day. The company has a market cap of $1,268 M and the number of outstanding shares has been calculated to be 2,21,51,817 shares. The 52-week high of Asbury Automotive Group is $96.582 and the 52-week low is $43.56.

Asbury Automotive Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Asbury Automotive Group is Initiated by Jefferies to Hold. The Rating was issued on Apr 11, 2016.Asbury Automotive Group is Upgraded by Buckingham Research to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 23, 2016.

Asbury Automotive Group Inc. (Asbury) is an automotive retailer in the United States. The Company 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 including insurance warranty and service contracts. The Company’s brand names include Nalley Automotive Group Courtesy Autogroup Coggin Automotive Group Crown Automotive Company David McDavid Auto Group Gray-Daniels Auto Family and Plaza Motor Company among others. The Company’s new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. It’s used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. It provides vehicle maintenance and repair services in the markets of its franchised dealerships.

Leave a Reply

Asbury Automotive Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Asbury Automotive Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.