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.
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.
Asbury Automotive Group (NYSE:ABG) reported quarterly adjusted earnings of $9.12 per share which beat the analyst consensus estimate of $8.21 by 11.08 percent. This is a 22.25 percent increase over earnings of $7.46 per
Asbury Automotive Group (NYSE:ABG) reported quarterly earnings of $9.23 per share which beat the analyst consensus estimate of $9.15 by 0.87 percent. This is a 25.41 percent increase over earnings of $7.36 per share from
Companies Reporting Before The Bell
• Janus Henderson Gr (NYSE:JHG) is expected to report quarterly earnings at $0.48 per share on revenue of $494.27 million.