Asbury Automotive Group is a prominent automotive retailer that operates a network of dealerships across the United States
The company specializes in the sale of new and used vehicles, as well as providing various automotive services such as financing, maintenance, and repairs. Asbury aims to enhance the customer experience through innovative digital platforms and high-quality service, while representing a diverse range of automobile brands. Through its strategic acquisitions and commitment to operational excellence, the company focuses on expanding its market presence and delivering value to its customers and stakeholders.
Asbury Automotive Group (NYSEABG) shares are trading higher Thursday after the company reported strong fourth-quarter financial results that exceeded analyst expectations.
Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies.
Companies Reporting Before The Bell • Ares Management (NYSEARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.
Gainers InMed Pharmaceuticals Inc. (NASDAQINM) shares climbed 169% to $1.56 after the company announced it selected a lead Alzheimer's drug candidate following proof-of-concept study data.
Asbury Automotive Group Inc (NYSEABG) 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.
