ABG stock: buy or sell?
September 20th, 2019
Should I buy ABG stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Asbury Automotive stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Asbury Automotive stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 6 ratings published for ABG stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-13||Bank of America||Buy||Neutral|
|2019-8-2||Morgan Stanley||n/a||Equal Weight|
|2019-7-9||JPMorgan Chase & Co.||n/a||Neutral|
|2019-5-6||Morgan Stanley||n/a||Equal Weight|
|2019-2-19||JPMorgan Chase & Co.||n/a||Neutral|
ABG stock analysis
Asbury Automotive shares raised 0.44% to $100.93 yesterday.
Asbury Automotive raised a slightly fine 0.44% and closed at $100.93. From a daily outlook perspective, ABG is drawing an uptrend of rising tops and rising bottoms. Since its last top on Sep 11th at $103.92, price slid and bounced up back from $97.66. Breaking down under $97.66 would cancel the current uptrend and it might slide further to test lower supports. Note that $103.92 might act as a resistance line. Trading the long side, we should wait to a new breakout over $103.92 to find the next buy point. On September 11th, ABG hit new all time highs, pushing higher previous ATH of $101.84 recorded on Sep 10th. New ATHs are usual entry points for many trading setups as there aren't higher resistences. On June ABG price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Asbury Automotive shares grew 0.60% this week, ending at $100.93. This week was the fourth green week in a row. Late August ABG rocketed an astounding 5.90% in just one week.
Asbury Automotive stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ABG might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Asbury Automotive marked last week. Since late April when SMA20w and SMA40w crossed up, ABG price gained $25.28 per share (33.42%). Late March ABG price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
ABG stock price history
ABG stock went public on March 21st, 2002 with a price of $14.031. Since then, ABG stock surged a 619.40%, with an average of 36.40% per year. If you had invested right after ABG's IPO a $1,000 in ABG stock in 2002, it would worth $6,194.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ABG stock historical price chart
ABG stock reached all-time highs on September 11th with a price of $103.92.
ABG stock price target is $92.40Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 5 price predictions for ABG stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-2||Morgan Stanley||Raises Target||$86.00||$95.00||10.5%|
|2019-7-9||JPMorgan Chase & Co.||Raises Target||$85.00||$88.00||3.5%|
|2019-5-6||Morgan Stanley||Raises Target||$85.00||$87.00||2.4%|
|2019-2-19||JPMorgan Chase & Co.||Initiates||n/a||$82.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAsbury Automotive reported beatiful results for 2018-Q4 on February. Asbury Automotive gained Earnings per Share (EPS) by 6.30%, beating experts estimates of $2.07. Asbury Automotive posted $2.20.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an excellent increase of 6.47% to $6,874.40 M dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) remained stable a 0.29% to 2.44%.
|2013||$5,330 M||-||$101 M1.9%||-|
|2014||$5,868 M||10.09%||$112 M1.9%||10.39%|
|2015||$6,588 M||12.28%||$169 M2.6%||51.61%|
|2016||$6,528 M||-0.92%||$167 M2.6%||-1.18%|
|2017||$6,457 M||-1.09%||$139 M2.2%||-16.81%|
|2018||$6,874 M||6.47%||$168 M2.4%||20.78%|
Quarterly financial resultsAsbury Automotive posted $1,784.20 million in revenues for 2018-Q4, a 1.52% improvement compared to previous quarter. Reported quarter earnings marked $40.40 million with a profit margin of 2.26%. Profit margin stayed stable a -0.26% compared to previous quarter when profit margin was 2.52%. When comparing turnover to same quarter last year, Asbury Automotive sales marked a very good gain and rose a 6.78%. Looking back to recent quarterly results, Asbury Automotive posted 3 positive quarters in a row.
|2017-Q2||$1,630 M||-||$32 M2.0%||-|
|2017-Q3||$1,600 M||-1.84%||$31 M1.9%||-3.76%|
|2017-Q4||$1,671 M||4.43%||$43 M2.5%||38.44%|
|2018-Q1||$1,609 M||-3.69%||$40 M2.5%||-5.65%|
|2018-Q2||$1,724 M||7.11%||$43 M2.5%||7.73%|
|2018-Q3||$1,757 M||1.96%||$44 M2.5%||2.55%|
|2018-Q4||$1,784 M||1.52%||$40 M2.3%||-8.80%|
|2019-Q1||$1,671 M||-6.36%||$41 M2.4%||1.24%|
Asbury Automotive ownershipWhen you are planning to invest in a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Asbury Automotive, 2.17% of all outstanding shares are owned by its staff.
Bearish positions for ABG stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$2.0 B||$4.5 B||$18.9 B||$619.0 M||$1.6 B|
|Total shares||19.4 M||89.1 M||229.1 M||6.7 M||18.6 M|
|Float shares||17.2 M||60.0 M||200.5 M||6.2 M||15.7 M|
|- Institutional holdings (%)||109.4%||87.1%||86.9%||74.9%||106.4%|
|- Insider holdings (%)||2.2%||13.6%||12.9%||8.2%||6.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$100.09 - $101.94|
|Average true range||$2.68|
|50d mov avg||$92.53|
|100d mov avg||$86.41|
|200d mov avg||$78.17|
Asbury Automotive performanceTo better understand Asbury Automotive performance you must becnhmark its gains with other related stocks in same sector or industry. For Asbury Automotive, the benchmark is made against AutoNation, Copart, America's Car-Mart, Group 1 Automotive, CarMax, Lithia Motors, Penske Automotive, Rush Enterprises and Sonic Automotive.
|GPIGroup 1 Automotiv...||11.33%||43.82%||23.47%|