Alert: Positive Investment/Fundamental Signals (12/19/23)-Asbury Automotive Group Inc (NYSE: ABG)


Recent extremely meaningful positive changes in investment behavior have benefitted Asbury Automotive Group Inc (NYSE: ABG): its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Asbury Automotive Group Inc (NYSE: ABG) has recently enjoyed slight positive changes in fundamentals: the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ABG 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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ASBury Automotive Group has a good Power Rating of 72 and a very high Appreciation Score of 93, producing the Highest Value Trend Rating.

Recent Price Action

Asbury Automotive Group Inc (NYSE: ABG) stock closed at $225.55 on 12/19/23 after an increase of 1.1%. Moreover, trading volume in this advance was exceptionally high at 216% of normal. The stock has risen 4.2% during the last week and has been strong relative to the market over the last nine months.

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