Stock Analysis

This Insider Has Just Sold Shares In Asbury Automotive Group

NYSE:ABG
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We wouldn't blame Asbury Automotive Group, Inc. (NYSE:ABG) shareholders if they were a little worried about the fact that David Hult, the President recently netted about US$1.9m selling shares at an average price of US$232. That sale reduced their total holding by 22% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Asbury Automotive Group

Asbury Automotive Group Insider Transactions Over The Last Year

Notably, that recent sale by David Hult is the biggest insider sale of Asbury Automotive Group shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$230. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Asbury Automotive Group insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:ABG Insider Trading Volume August 18th 2024

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.5% of Asbury Automotive Group shares, worth about US$25m. 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. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Asbury Automotive Group. Every company has risks, and we've spotted 4 warning signs for Asbury Automotive Group (of which 1 is a bit concerning!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.