In a welcome move, Asbury Automotive saw its Relative Strength Rating improve from 66 to 74 on Thursday.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Asbury Automotive can continue to rebound and hit that benchmark.
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Asbury Automotive is trying to complete a cup without handle with a 277.13 entry. See if it can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -22%, compared to -28% in the prior report. Revenue increased from 13% to 16%.
The company earns the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Lithia Motors are among the top 5 highly rated stocks within the group.
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