Asbury Automotive Group (ABG) Insider Makes Significant Share Sale

Tuesday, October 31, 2017 10:15 PM ET

Asbury Automotive Group (ABG) Insider Makes Significant Share Sale

A notable insider sale of the shares of Asbury Automotive Group was indicated in a form 4 document filed with the SEC today, showing — Craig T Monaghan, Director and Officer — disposed of 48,288 shares in the company having a market value of approximately $2,943,544. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 215,393 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 263,681 shares and have averaged 52,736 shares per transaction over this time period.

The number of insider buy/sell trades at Asbury Automotive Group is above that of the 7 peer company average over the last 90-day period. The Auto Vehicles, Parts & Service Retailers peer group saw 12 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Asbury Automotive Group insiders is lower than its peers. Within the peer group there were 2,213,685 shares purchased and 1,391,008 shares sold with company insiders purchasing 68,556 shares on average over this time period.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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