For its third fiscal quarter (ending September 30), Asbury Automotive Group Inc (NYSE: ABG) has reported a -22% decline in E.P.S. from $8.22 a year ago to $6.40 in the current quarter. E.P.S. were $17.75 for the latest four quarters through September 30 versus $42.04 for the same period a year ago — a decline of -58%.
Recent Price Action
Asbury Automotive Group Inc (NYSE: ABG) stock closed at $231.42 on 10/29/24 after a large increase of 2.6%. Moreover, this advance was accompanied by unusually high trading volume at 160% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.6% 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ASBury Automotive Group has a neutral Power Rating of 51 but a very high Appreciation Score of 91, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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