Asbury Automotive Group Inc (NYSE: ABG) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent important negative changes in fundamentals have impacted Asbury Automotive Group Inc (NYSE: ABG): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ASBury Automotive Group has a neutral Power Rating of 54 but a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Recent Price Action
Asbury Automotive Group Inc (NYSE: ABG) stock closed at $212.93 on 9/12/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by above average trading volume at 128% of normal. The stock has declined -8.9% during the last week but has been strong relative to the market over the last nine months.
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