Asbury Automotive saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 65 to 71.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 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 not currently near a potential buying area. See if the stock goes on to form a base that could spark a new run.
Earnings grew -22% last quarter, up from -28% in the prior report. Revenue also increased, from 13% to 16%. Look for the next report on or around Feb. 5.
The company holds 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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