Asbury Automotive stock rose to an all-time high last October, just before the market went south for the winter. And, like many other companies, it's beginning to have a spring in its step again. On Thursday highly ranked Asbury stock's Relative Strength (RS) Rating, climbed to 74, up from 68 the day before.
The 74 RS Rating means that Asbury stock has outperformed 74% of all stocks in terms of stock price performance. It's a decent rating but it needs to push higher to get into the top tier stocks group. Market research shows that top-performing stocks tend to have an 80 or better RS Rating as they launch their largest runs. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.
Asbury Stock's Other Ratings Shine
Among Asbury Stock's Other Key Ratings, the Duluth, Ga.-based company also has an excellent 98 EPS Rating, out of 99. It's 93 Composite Rating puts it in the top 7% of stocks on a group of the five key ratings IBD uses.
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Earnings popped 98% last quarter to $9.27 per share, up from 68% growth in the prior report. Revenue growth also increased, from 19% to a powerful 78% surge to $3.91 billion.
Asbury Automotive earns the No. 4 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Rush Enterprises and AutoNation are also among the group's highest-rated stocks.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
