Asbury Automotive saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 69 to 72.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.
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Asbury Automotive is working on a cup with handle with a 267.92 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Asbury Automotive saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -28% to -22%. Revenue rose from 13% to 16%.
Asbury Automotive 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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