ABG Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Does Asbury Automotive Group (ABG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Asbury Automotive Group's shares have outperformed the broader market despite weakening financial performance. The company's Clicklane initiative, an omni-channel platform for vehicle search and acquisition, has performed well, selling 10,800 vehicles in Q1 2023, a 93% YoY increase. Despite worsening fundamentals, ABG's shares look attractive compared to its peers and the company continues to buy back stock, making it a soft 'buy' for investors.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Asbury Automotive (ABG) reported earnings 30 days ago. What's next for the stock?

While Asbury (ABG) delivers an earnings beat in Q1 on better-than-expected sales and profits from new vehicle unit, overall revenues miss mark and contract on a yearly basis.

The P/B ratio helps to identify low-priced stocks that have high growth prospects. Deutsche Bank (DB), General Motors (GM), Unum Group (UNM), PVH Corp (PVH) and Asbury Automotive Group (ABG) are some such stocks.

Asbury Automotive Group, Inc. (ABG) Q1 2023 Earnings Call Transcript.

While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.