Is Asbury Automotive Group, Inc. (ABG) a Stock to Watch After Gaining 0.17% This Week?

Overall market sentiment has been high on Asbury Automotive Group, Inc. (ABG) stock lately. ABG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Asbury Automotive Group, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ABG!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ABG Stock Today?

Asbury Automotive Group, Inc. (ABG) stock is unchanged 0% while the S&P 500 is down -0.49% as of 1:04 PM on Friday, Mar 8. ABG is unmoved $0.00 from the previous closing price of $210.15 on volume of 49,053 shares. Over the past year the S&P 500 is up 28.56% while ABG is down -10.46%. ABG earned $28.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.33.

More About Asbury Automotive Group, Inc.

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 148 stores with associated parts and service departments and 35 collision centers. Over 80% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 15 states (mostly Texas, the West, and the Southeast) and entered Colorado in 2019. Asbury store brands include David McDavid and Park Place in Texas, Plaza in Missouri, Nalley and Crown in the Southeastern U.S., and the Larry H. Miller brand in the Western U.S. Asbury generated $9.8 billion of revenue in 2021 and is based in the Atlanta area. 2022 sales should reach at least $16 billion and the firm targets about $32 billion in 2025. Click Here to get the full Stock Report for Asbury Automotive Group, Inc. stock.