Large Outflow of Money Witnessed in Asbury Automotive Group Inc

Asbury Automotive Group Inc (ABG) traded on a positive note gaining 0.5 points or 0.76% to be valued at $66.1 per share. Intraday, the shares aggregated $0.86 million in upticks but saw an exodus of $2.08 million in downticks. The net money flow was calculated to be $(-1.22) million with the final up/down ratio coming in at 0.42. The share price has seen a change of 2.16% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.32 million in downticks. The net money flow for the block exchange was disappointing at $(-1.32) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Asbury Automotive Group, Inc. has dropped 3.19% in the last five trading days, however, the shares have posted positive gains of 5.83% in the last 4 weeks. Asbury Automotive Group, Inc. is up 28.16% in the last 3-month period. Year-to-Date the stock performance stands at 5.83%. Asbury Automotive Group Inc (NYSE:ABG) witnessed a decline in the market cap on Wednesday as its shares dropped 0.46% or 0.3 points. After the session commenced at $65.75, the stock reached the higher end at $67.05 while it hit a low of $64.95. With the volume soaring to 229,908 shares, the last trade was called at $65.3. The company has a 52-week high of $68. The company has a market cap of $1,447 million and there are 22,158,411 shares in outstanding. The 52-week low of the share price is $43.56.

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, Craig T Monaghan (President & CEO) sold 24,000 shares at 62.02 per share price.On Nov 16, 2016, Thomas C Jr Deloach (director) sold 2,953 shares at 57.40 per share price.On Nov 9, 2016, Juanita T James (director) sold 1,250 shares at 48.86 per share price.

Asbury Automotive Group Last issued its quarterly earnings results on Oct 25, 2016. The company reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $1.60. The company had revenue of $1683.10 million for the quarter, compared to analysts expectations of $1686.83 million. The companys revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Asbury Automotive Group was Downgraded by KeyBanc Capital Mkts to Sector Weight on Nov 16, 2016.

Asbury Automotive Group is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.


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