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Asbury Automotive (ABG) An Attractive Buy

Asbury Automotive Group Inc (NYSE: ABG) is showing excellent growth in terms of sales and revenue—which is projected to continue—and is also at an appealing buy point from a technical perspective. Asbury is a collection of new and used vehicle dealerships and collision centers operating in 14 states.

ABG

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Car Market Did Something It Hasn’t Done In 8 Months: Pay Attention This Friday

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This data could further impact car prices and deals.

ABG