Asbury Automotive saw an improvement in its IBD SmartSelect Composite Rating Monday, from 88 to 96.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Asbury Automotive is not currently near a proper buy point yet, but it has crossed key moving averages. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock earns a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 98% EPS gain for Q1. Revenue growth climbed 78%, up from 19% in the prior quarter. That marks one quarter of rising revenue gains.
Asbury Automotive holds the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Autonation and Group I Automotive are also among the group's highest-rated stocks.
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