Asbury Automotive (ABG) announced its quarterly results on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.07. The company?s quarterly revenue was up 8.7% on a year-over-year basis.
On a related note, analysts at Zacks Investment Research reiterated a ?neutral? rating on shares of Asbury Automotive in a research note to investors on Thursday, March 24th.
Shares of Asbury Automotive (ABG) traded up 2.84% during mid-day trading on Tuesday, hitting $20.67. Asbury Automotive (ABG) has a 52 week low of $11.59 and a 52 week high of $20.41. The stock?s 50-day moving average is $17.81 and its 200-day moving average is $17.91. The company has a market cap of $679.5 million and a price-to-earnings ratio of 13.26.
Asbury Automotive Group, Inc. (Asbury) is an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, replacement parts, new and used vehicle financing, and aftermarket products, such as insurance, warranty and service contracts. As of December 31, 2009, the Company operated 106 franchises at 81 dealership locations. As of December 31, 2009, Asbury operated dealerships in 21 metropolitan markets throughout the United States. The Company???s retail network consists of nine locally branded dealership groups. In January 2010, the Company was awarded two Sprinter franchises, which were added to its Mercedes-Benz locations in St. Louis, Missouri and Tampa, Florida.
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