Asbury Automotive saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 62 to 72.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Asbury Automotive can continue to show renewed price strength and clear that threshold.
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Asbury Automotive is trying to complete a consolidation with a 277.13 buy point. See if it can clear the breakout price in heavy trade.
Top and bottom line growth moved higher last quarter. Earnings were up -22%, compared to -28% in the prior report. Revenue increased from 13% to 16%.
The company earns the No. 7 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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