Composite Rating For Asbury Automotive Rises To 96

Asbury Automotive (ABG) saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 94 the day before.


The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market’s biggest winners often have a 95 or higher rating in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Asbury Automotive is currently extended beyond a proper buy zone after clearing the 112.52 buy point in a double bottom.

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The stock has a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks.

Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

In Q1, the company reported 160% earnings-per-share growth. That means it’s now generated four straight quarters of rising EPS gains. Top line growth increased 36%, up from 18% in the prior report. That marks three quarters of increasing revenue gains.

Asbury Automotive holds the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. America’s Car-Mart (CRMT) is the top-ranked stock within the group.


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