Asbury Automotive Group Inc (NYSE: ABG) has reported earnings for its first fiscal quarter (ending March 31) of $7.24 versus $8.42 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $27.55 versus $42.81 for the same period a year ago.
Recent Price Action
Asbury Automotive Group Inc (NYSE: ABG) stock declined modestly by -2.0% on 4/25/24. The stock closed at $217.12. Moreover, unusually high trading volume at 194% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
ABG’s future returns on capital are forecasted to be above 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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ASBury Automotive Group has a very high Appreciation Score of 92 but a slightly negative Power Rating of 32, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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