We note that the Asbury Automotive Group, Inc. (NYSE:ABG) Independent Director, Eugene Katz, recently sold US$78k worth of stock for US$78.43 per share. On the bright side, that’s just a small sale and only reduced their holding by 4.8%.
The Last 12 Months Of Insider Transactions At Asbury Automotive Group
Over the last year, we can see that the biggest insider sale was by the Independent Director, Thomas DeLoach, for US$1.2m worth of shares, at about US$80.00 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. It’s of some comfort that this sale was conducted at a price well above the current share price, which is US$55.11. So it may not tell us anything about how insiders feel about the current share price.
In the last year Asbury Automotive Group insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Asbury Automotive Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that Asbury Automotive Group insiders own 1.3% of the company, worth about US$14m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Asbury Automotive Group Tell Us?
An insider sold Asbury Automotive Group shares recently, but they didn’t buy any. Looking to the last twelve months, our data doesn’t show any insider buying. But since Asbury Automotive Group is profitable and growing, we’re not too worried by this. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’re in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. Our analysis shows 2 warning signs for Asbury Automotive Group (1 is a bit concerning!) and we strongly recommend you look at them before investing.
Of course Asbury Automotive Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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