Asbury Automotive Group Inc (NYSE: ABG) has reported E.P.S. of $1.40 for its second fiscal quarter (ending June 30) versus $9.37 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $19.60 compared to $43.06 a year ago.
Recent Price Action
Asbury Automotive Group Inc (NYSE: ABG) stock closed at $235.35 on 8/2/24 after a major decline of -10.7%. Moreover, this decline was accompanied by unusually high trading volume at 172% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
ABG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
ASBury Automotive Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ASBury Automotive Group has a neutral Power Rating of 51 but a very high Appreciation Score of 90, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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