The Relative Strength (RS) Rating for Asbury Automotive jumped into a higher percentile Wednesday, as it got a lift from 66 to 74.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs. See if Asbury Automotive can continue to rebound and hit that benchmark.
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Asbury Automotive is building a cup with handle with a 267.92 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company 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, Lithia Motors and Group 1 Automotive are among the top 5 highly rated stocks within the group.
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