Unnamed: 0 stringlengths 3 8 | Date stringlengths 23 23 | Article_title stringlengths 1 250 | Stock_symbol stringlengths 1 5 | Url stringlengths 44 135 | Publisher stringclasses 1 value | Author stringclasses 1 value | Article stringlengths 1 343k | Lsa_summary stringlengths 3 53.9k | Luhn_summary stringlengths 1 53.9k | Textrank_summary stringlengths 1 53.9k | Lexrank_summary stringlengths 1 53.9k |
|---|---|---|---|---|---|---|---|---|---|---|---|
28800.0 | 2018-11-26 00:00:00 UTC | Zacks.com featured highlights include: Enterprise Products, Rent-A-Center, Canadian Solar, Mosaic and Asbury Automotive | ABG | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-enterprise-products-rent-a-center-canadian-solar | nan | nan | For Immediate Release
Chicago, IL - November 26, 2018 - Stocks in this week's article are Enterprise Products Partners L.P.EPD , Rent-A-Center, Inc.RCII , Canadian Solar Inc.CSIQ , The Mosaic CompanyMOS and Asbury Automotive Group, Inc.ABG .
5 Stocks with Relative Price Strength Worth Investing In
Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. At the same time, it's important to measure the performance of such a stock relative to its industry or peers, or the appropriate benchmark.
If you see that a stock is underperforming on fundamental factors, then it would be prudent to move on and find a better alternative. However, those outperforming their respective sectors in terms of price should be selected because they stand a better chance to provide considerable returns.
Then again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 over a period of 1 to 3 months at the least and having solid fundamentals indicate room for growth and are the best ways to go about this strategy.
Finally, it is important to find out whether analysts are optimistic about the upcoming earnings results of these companies. In order to do this, we have added positive estimate revisions for the current quarter's (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price gains.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/339172/5-stocks-with-relative-price-strength-worth-investing-in
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report
The Mosaic Company (MOS): Free Stock Analysis Report
Rent-A-Center, Inc. (RCII): Free Stock Analysis Report
Canadian Solar Inc. (CSIQ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - November 26, 2018 - Stocks in this week's article are Enterprise Products Partners L.P.EPD , Rent-A-Center, Inc.RCII , Canadian Solar Inc.CSIQ , The Mosaic CompanyMOS and Asbury Automotive Group, Inc.ABG . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. | For Immediate Release Chicago, IL - November 26, 2018 - Stocks in this week's article are Enterprise Products Partners L.P.EPD , Rent-A-Center, Inc.RCII , Canadian Solar Inc.CSIQ , The Mosaic CompanyMOS and Asbury Automotive Group, Inc.ABG . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. 5 Stocks with Relative Price Strength Worth Investing In Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - November 26, 2018 - Stocks in this week's article are Enterprise Products Partners L.P.EPD , Rent-A-Center, Inc.RCII , Canadian Solar Inc.CSIQ , The Mosaic CompanyMOS and Asbury Automotive Group, Inc.ABG . 5 Stocks with Relative Price Strength Worth Investing In Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. | For Immediate Release Chicago, IL - November 26, 2018 - Stocks in this week's article are Enterprise Products Partners L.P.EPD , Rent-A-Center, Inc.RCII , Canadian Solar Inc.CSIQ , The Mosaic CompanyMOS and Asbury Automotive Group, Inc.ABG . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. 5 Stocks with Relative Price Strength Worth Investing In Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. |
28801.0 | 2018-11-23 00:00:00 UTC | 5 Stocks With Relative Price Strength Worth Investing In | ABG | https://www.nasdaq.com/articles/5-stocks-relative-price-strength-worth-investing-2018-11-23 | nan | nan | Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. At the same time, it's important to measure the performance of such a stock relative to its industry or peers, or the appropriate benchmark.
If you see that a stock is underperforming on fundamental factors, then it would be prudent to move on and find a better alternative. However, those outperforming their respective sectors in terms of price should be selected because they stand a better chance to provide considerable returns.
Then again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 over a period of 1 to 3 months at the least and having solid fundamentals indicate room for growth and are the best ways to go about this strategy.
Finally, it is important to find out whether analysts are optimistic about the upcoming earnings results of these companies. In order to do this, we have added positive estimate revisions for the current quarter's (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price gains.
Screening Parameters
Relative % Price change - 12 weeks greater than 0
Relative % Price change - 4 weeks greater than 0
Relative % Price change - 1 week greater than 0
(We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.)
% Change (Q1) Est. over 4 Weeks greater than 0: Positive current quarter estimate revisions over the last four weeks.
Zacks Rank equal to 1: Only Zacks Rank #1 (Strong Buy) stocks - that have returned more than 26% annually over the last 26 years and surpassed the S&P 500 in 23 of the last 26 years - can get through. You can see the complete list of today's Zacks #1 Rank stocks here .
Current Price greater than or equal to $5 and Average 20-day Volume greater than or equal to 50,000: A minimum price of $5 is a good standard to screen low-priced stocks, while a high trading volume would imply adequate liquidity.
VGM Score less than or equal to B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or #2 (Buy) offer the best upside potential.
Here are the five of the nine stocks that made it through the screen:
Enterprise Products Partners L.P.EPD : Enterprise Products Partners, headquartered in Houston, TX, is among the leading energy infrastructure provider in North America. The firm has a VGM Score of B and an excellent earnings surprise history. It has a 100% track of outperforming estimates over the last four quarters at an average rate of 9.3%.
Rent-A-Center, Inc.RCII : Rent-A-Center is the largest rent-to-own operator in the United States offering durable goods such as consumer electronics, appliances, computers, furniture and accessories. The 2018 Zacks Consensus Estimate for this Plano, TX-based company is 84 cents, representing some 255.6% earnings per share growth over 2017. Next year's average forecast is $1.23 pointing to another 45.7% growth. Rent-A-Center has a VGM Score of A.
Canadian Solar Inc.CSIQ : A vertically integrated manufacturer of silicon ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications, Canadian Solar has a VGM Score of A. Over 30 days, the Ontario, Canada-based company has seen the Zacks Consensus Estimate for 2018 and 2019 increase 41.6% and 22.5%, to $2.45 and $2.23 per share, respectively.
The Mosaic CompanyMOS : Founded in 2004 and headquartered in Plymouth, MN, The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. The company has a VGM Score of A and an enviable earnings surprise history having surpassed estimates in three of the last four quarters.
Asbury Automotive Group, Inc.ABG : Asbury Automotive Group is one of America's leading auto dealers with more than 90 new vehicle franchises. Sporting a VGM Score of A, this Duluth, GA-headquartered company's expected EPS growth rate for three to five years currently stands at 15.8%, comparing favorably with the industry's growth rate of 10%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report
The Mosaic Company (MOS): Free Stock Analysis Report
Rent-A-Center, Inc. (RCII): Free Stock Analysis Report
Canadian Solar Inc. (CSIQ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG : Asbury Automotive Group is one of America's leading auto dealers with more than 90 new vehicle franchises. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. Investors generally gauge a stock's potential return by examining earnings growth and valuation multiples. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG : Asbury Automotive Group is one of America's leading auto dealers with more than 90 new vehicle franchises. Screening Parameters Relative % Price change - 12 weeks greater than 0 Relative % Price change - 4 weeks greater than 0 Relative % Price change - 1 week greater than 0 (We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.) | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG : Asbury Automotive Group is one of America's leading auto dealers with more than 90 new vehicle franchises. Screening Parameters Relative % Price change - 12 weeks greater than 0 Relative % Price change - 4 weeks greater than 0 Relative % Price change - 1 week greater than 0 (We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.) | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG : Asbury Automotive Group is one of America's leading auto dealers with more than 90 new vehicle franchises. The company has a VGM Score of A and an enviable earnings surprise history having surpassed estimates in three of the last four quarters. |
28802.0 | 2018-11-19 00:00:00 UTC | The Zacks Analyst Blog Highlights: Asbury Automotive, Conn's, Kohl's, DICK'S Sporting Goods and Children's Place | ABG | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-asbury-automotive-conns-kohls-dicks-sporting-goods-and | nan | nan | For Immediate Release
Chicago, IL - November 19, 2018 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Asbury Automotive Group, Inc. ABG , Conn's, Inc. CONN , Kohl's Corp. KSS , DICK'S Sporting Goods, Inc. DKS and The Children's Place, Inc. PLCE .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday's Analyst Blog:
5 Stocks to Buy as Retail Sales Rebound in October
Retail sales staged a strong rebound in October following small declines over the last two months. Spending increased on building materials and motor vehicles, a result of rebuilding efforts, following the devastation wreaked by Hurricane Florence. Gas station sales also surged, indicating a jump in oil prices .
This effect will likely recede following the recent plunge in oil prices. But a robust labor market and fresh signs of wage growth will continue to support spending on categories that gained in October. This includes department stores and clothing outlets. This is why it makes good sense to invest in such retail stocks.
Consumer Spending Robust at Start of Q4
According to the Department of Commerce, retail sales increased 0.8% in the month of October, exceeding the consensus estimate of 0.5%. However, September's initial increase of 0.1% was revised downward to reflect a decline of 0.1%. Excluding auto dealers and gas stations, retail sales increased 0.3%.
Year over year, retail sales increased 4.6%. Further, core retail sales, which exclude autos, gasoline, building materials and food services, increased 0.3%. This metric closely corresponds to the consumer spending component of GDP.
Overall, the report indicates that consumer spending was in good shape at the start of the fourth quarter. Despite concerns about trade deficit, this engine of expansion is likely to maintain strong growth for the economy going ahead.
A robust labor market, along with an unemployment rate of 3.7%, the lowest since December 1969 is supporting consumer spending. Record low unemployment has also caused wages to grow at their fastest pace since early 2009 in October.
Autos, Gasoline, Building Materials Lead Gains
Strength in retail sales is a positive sign ahead of the crucial holiday shopping season. Sales at motor vehicle and parts dealers increased 1.1% last month. Also, building material store sales increased 1%. Both these increases were the fallout of the havoc caused by Hurricane Florence as residents replaced damaged vehicles and repaired homes.
Sales at gasoline stations jumped 3.5%, reflecting the strength in oil prices prevailing during October. The current slump in crude oil indicates that this trend will likely fade away as prices at the pump decline.
Department stores registered a 1.3% increase in sales, while sales at clothing and accessories stores increased 0.5%. Electronics and appliance stores reported a 0.7% rise in sales. Spending increased on hobbies, musical instruments, sporting goods and books by 0.5%.
However, sales at food services and drinking places declined 0.2%, the likely fallout of Hurricane Michael which slammed into the Florida panhandle in mid-October. Sales at furniture and home furnishing stores declined 0.7%, weighed down by the slowdown in housing, following the recent spike in interest rates.
Our Choices
October's increase in retail sales indicates that consumer spending retained sufficient steam at the beginning of the fourth quarter. This in turn is being supported by record low unemployment, which also fueled a spurt in wage growth last month.
These trends are also likely to continue supporting the economy in the near term. This is why it makes sense to invest in retail stocks, especially the categories which have gained substantially last month. However, picking winning stocks may be difficult.
This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.
We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM Score.
Asbury Automotive Group, Inc. is one of the largest automotive retailers in the United States.
Asbury Automotive carries a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. The company has expected earnings growth of 27.4% for the current year. The Zacks Consensus Estimate for the current year has improved by 5% over the last 30 days.
Conn's, Inc. is a specialty retailer of consumer durable goods in the United States.
Conn's has a VGM Score of B. The company's expected earnings growth for the current year is more than 100%. The stock sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Kohl's Corp. is a department store chain that operates specialty department stores and an e-commerce site in the United States.
Kohl's has a Zacks Rank #2 (Buy) and VGM Score of A. The company has expected earnings growth of 30.7% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.3% over the last 30 days.
DICK'S Sporting Goods, Inc. operates as a full-line sporting goods retailer.
DICK'S Sporting Goods carries a Zacks Rank #2 and has a VGM Score of A. The company has expected earnings growth of 4.5% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.1% over the last 60 days.
The Children's Place, Inc. is a pure-play children's specialty apparel retailer.
The Children's Place carries a Zacks Rank #2 and has a VGM Score of B. The company has expected earnings growth of 4% for the current year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Conn's, Inc. (CONN): Free Stock Analysis Report
DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include Asbury Automotive Group, Inc. ABG , Conn's, Inc. CONN , Kohl's Corp. KSS , DICK'S Sporting Goods, Inc. DKS and The Children's Place, Inc. PLCE . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Conn's, Inc. (CONN): Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Consumer Spending Robust at Start of Q4 According to the Department of Commerce, retail sales increased 0.8% in the month of October, exceeding the consensus estimate of 0.5%. | Stocks recently featured in the blog include Asbury Automotive Group, Inc. ABG , Conn's, Inc. CONN , Kohl's Corp. KSS , DICK'S Sporting Goods, Inc. DKS and The Children's Place, Inc. PLCE . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Conn's, Inc. (CONN): Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Friday's Analyst Blog: 5 Stocks to Buy as Retail Sales Rebound in October Retail sales staged a strong rebound in October following small declines over the last two months. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Conn's, Inc. (CONN): Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Asbury Automotive Group, Inc. ABG , Conn's, Inc. CONN , Kohl's Corp. KSS , DICK'S Sporting Goods, Inc. DKS and The Children's Place, Inc. PLCE . Here are highlights from Friday's Analyst Blog: 5 Stocks to Buy as Retail Sales Rebound in October Retail sales staged a strong rebound in October following small declines over the last two months. | Stocks recently featured in the blog include Asbury Automotive Group, Inc. ABG , Conn's, Inc. CONN , Kohl's Corp. KSS , DICK'S Sporting Goods, Inc. DKS and The Children's Place, Inc. PLCE . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Conn's, Inc. (CONN): Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Consumer Spending Robust at Start of Q4 According to the Department of Commerce, retail sales increased 0.8% in the month of October, exceeding the consensus estimate of 0.5%. |
28803.0 | 2018-11-16 00:00:00 UTC | Earnings Estimates Rising for Asbury Automotive (ABG): Will It Gain? | ABG | https://www.nasdaq.com/articles/earnings-estimates-rising-for-asbury-automotive-abg%3A-will-it-gain-2018-11-16 | nan | nan | Asbury Automotive Group (ABG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this auto dealership chain, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance , with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for Asbury Automotive, as there has been strong agreement among the covering analysts in raising estimates.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $2.04 per share, which is a change of +12.71% from the year-ago reported number.
Over the last 30 days, two estimates have moved higher for Asbury Automotive compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 5.46%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $8.28 per share represents a change of +28.77% from the year-ago number.
The revisions trend for the current year also appears quite promising for Asbury Automotive, with six estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 6.11%.
Favorable Zacks Rank
The promising estimate revisions have helped Asbury Automotive earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
While strong estimate revisions for Asbury Automotive have attracted decent investments and pushed the stock 17.7% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this auto dealership chain, should get reflected in its stock price. | Asbury Automotive Group (ABG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions For the current quarter, the company is expected to earn $2.04 per share, which is a change of +12.71% from the year-ago reported number. | Asbury Automotive Group (ABG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance , with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. | Asbury Automotive Group (ABG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. As a result, the Zacks Consensus Estimate has increased 5.46%. |
28804.0 | 2018-11-07 00:00:00 UTC | Is Asbury Automotive Group (ABG) Stock Undervalued Right Now? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-group-abg-stock-undervalued-right-now-2018-11-07 | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 8.19, while its industry has an average P/E of 8.35. Over the last 12 months, ABG's Forward P/E has been as high as 11.71 and as low as 7.40, with a median of 9.17.
Investors will also notice that ABG has a PEG ratio of 0.56. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ABG's PEG compares to its industry's average PEG of 1.03. Over the past 52 weeks, ABG's PEG has been as high as 1.30 and as low as 0.55, with a median of 0.99.
These are just a handful of the figures considered in Asbury Automotive Group's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ABG is an impressive value stock right now.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Over the last 12 months, ABG's Forward P/E has been as high as 11.71 and as low as 7.40, with a median of 9.17. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Over the last 12 months, ABG's Forward P/E has been as high as 11.71 and as low as 7.40, with a median of 9.17. |
28805.0 | 2018-10-27 00:00:00 UTC | DSW Stumbles With Its Camuto Group Acquisition | ABG | https://www.nasdaq.com/articles/dsw-stumbles-its-camuto-group-acquisition-2018-10-27 | nan | nan | Footwear retailer DSW (NYSE: DSW) shot itself in the foot earlier this month by partnering with Authentic Brands Group (ABG) to acquire brand designer and developer Camuto Group for $375 million. All the gains that DSW recently made in regaining its financial stability have been jeopardized by the abrupt strategy shift that this deal represents.
CEO Roger Rawlins says the retailer needed to do something different because "what got us here won't get us there." However, it looks like DSW overpaid to buy a business that won't be accretive to earnings for at least a year, while adding greater risk to its existing operations.
Best foot forward?
The Camuto acquisition is complicated. DSW is paying $200 million to acquire all of Camuto's global production, sourcing, and design infrastructure, as well as existing working capital of around $100 million. It will get operations in Brazil and China and a new distribution center in New Jersey. DSW will also acquire the licensing rights for Jessica Simpson footwear, the footwear and handbag licenses for Lucky Brand and Max Studio, and joint venture stakes in the ED Ellen DeGeneres and Mercedes Castillo brands.
Additionally, the footwear retailer paid $56 million to acquire a 40% stake in the intellectual property of Camuto Group's proprietary brands, with Authentic Brands Group taking a 60% share. ABG is owner and licensor of lifestyle, celebrity, and entertainment brands including Frye, Juicy Couture, Elvis Presley, Marilyn Monroe, and Shaquille O'Neal.
Yet Camuto has been struggling. Last year, it tried to merge with Canadian footwear giant Aldo Group, but the latter called off the deal after three months of negotiations. Camuto then hired a turnaround adviser to help restructure the business as the family continued seeking ways to exit -- an effort that began following the death of the company's founder, Vince Camuto, in 2015.
Camuto was also one of the founders of the Nine West shoe company, which Authentic Brands acquired in a bankruptcy auction this summer by outbidding DSW.
Becoming a supplier as well as a competitor
The problem with the latest deal is that it brings DSW into a completely new business while its core operations are still getting their bearings. In August, DSW was able to report a 16% revenue gain for the second quarter, well above the 1% increase Wall Street had been looking for. But now, it will be entering into the wholesale business, which is much different from what it is familiar with through its retail operations.
Moreover, although Camuto brands are currently found in Nordstrom , Macy's , and other major department stores, those stores might not be willing to extend their relationship now that Camuto is owned by a competing retailer. Similarly, Dillard's may be leery of continuing to allow Camuto to develop its private-label brands, which the latter has been designing for many years now.
One of the rationales that DSW used for the deal was that it would bring in new streams of revenue. That ultimately might not be the case if these retailers balk at sharing data that their competitor can use against them.
An unproven track record in dealmaking
The latest deal follows another one that DSW completed earlier this year with Canada's Town Shoes. After planning the acquisition for over a year, DSW abruptly decided to shutter the unprofitable Town Shoes chain after performing a top-to-bottom review. (DSW will still operate three other chains acquired in the transaction.) This seems like something that should have been considered beforehand, particularly as DSW had first acquired a 44% equity stake in the business in 2014.
DSW previously bought eBuys, a discount online footwear retailer that consistently lost money for the company. It ended the business earlier this year.
It's clear that the market didn't like the Camuto acquisition because of the risk it introduces, and DSW stock has plunged more than 20% since the deal was announced. After several quarters of lackluster performance , DSW looked like it was back on track, but now it seems as if it's tripping over its own feet again.
10 stocks we like better than DSW
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and DSW wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of August 6, 2018
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool recommends DSW and Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABG is owner and licensor of lifestyle, celebrity, and entertainment brands including Frye, Juicy Couture, Elvis Presley, Marilyn Monroe, and Shaquille O'Neal. Footwear retailer DSW (NYSE: DSW) shot itself in the foot earlier this month by partnering with Authentic Brands Group (ABG) to acquire brand designer and developer Camuto Group for $375 million. However, it looks like DSW overpaid to buy a business that won't be accretive to earnings for at least a year, while adding greater risk to its existing operations. | Footwear retailer DSW (NYSE: DSW) shot itself in the foot earlier this month by partnering with Authentic Brands Group (ABG) to acquire brand designer and developer Camuto Group for $375 million. ABG is owner and licensor of lifestyle, celebrity, and entertainment brands including Frye, Juicy Couture, Elvis Presley, Marilyn Monroe, and Shaquille O'Neal. Additionally, the footwear retailer paid $56 million to acquire a 40% stake in the intellectual property of Camuto Group's proprietary brands, with Authentic Brands Group taking a 60% share. | Footwear retailer DSW (NYSE: DSW) shot itself in the foot earlier this month by partnering with Authentic Brands Group (ABG) to acquire brand designer and developer Camuto Group for $375 million. ABG is owner and licensor of lifestyle, celebrity, and entertainment brands including Frye, Juicy Couture, Elvis Presley, Marilyn Monroe, and Shaquille O'Neal. Additionally, the footwear retailer paid $56 million to acquire a 40% stake in the intellectual property of Camuto Group's proprietary brands, with Authentic Brands Group taking a 60% share. | Footwear retailer DSW (NYSE: DSW) shot itself in the foot earlier this month by partnering with Authentic Brands Group (ABG) to acquire brand designer and developer Camuto Group for $375 million. ABG is owner and licensor of lifestyle, celebrity, and entertainment brands including Frye, Juicy Couture, Elvis Presley, Marilyn Monroe, and Shaquille O'Neal. However, it looks like DSW overpaid to buy a business that won't be accretive to earnings for at least a year, while adding greater risk to its existing operations. |
28806.0 | 2018-10-23 00:00:00 UTC | Asbury Automotive Group Defies a Slowing Automotive Market With a Strong Third Quarter | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-defies-slowing-automotive-market-strong-third-quarter-2018-10-23 | nan | nan | What happened?
Shares of Asbury Automotive (NYSE: ABG) , one of the largest automotive retailers in the U.S. with more than 83 dealerships spanning 29 domestic and foreign brands of vehicles, were surging 10% as of 10:45 a.m. EDT on Tuesday, after the company posted a strong third quarter.
So what
Asbury Automotive posted revenue of $1.76 billion during the third quarter, enough to top estimates and exceed the prior year's $1.6 billion. Adjusted earnings per share checked in at $2.21, topping analysts' estimates calling for $1.85, and much higher than the prior year's $1.48.
There were also a handful of other positive figures compared with the prior year. Same-store total revenue increased 6%, and gross profit increased 4%. Same-store new-vehicle revenue jumped 7%, and parts and service revenue increased 2%. Also, selling, general, and administrative expenses as a percentage of gross profit declined 220 basis points to 67.9%.
Now what
On a down day for the markets, Asbury's third-quarter results were strong enough to power its stock 10% higher. Investors were encouraged that the company could produce results in a stagnating U.S. new-vehicle sales market . Because of Asbury's size and diverse revenue streams -- including a parts and servicing segment that is stable during downturns and generated 12% of third-quarter revenue but an impressive 47% of gross profit -- it should produce solid results even as the U.S. automotive market plateaus. And this quarter gave investors a little more confidence in that ability.
10 stocks we like better than Asbury Automotive Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Asbury Automotive Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of August 6, 2018
Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of Asbury Automotive (NYSE: ABG) , one of the largest automotive retailers in the U.S. with more than 83 dealerships spanning 29 domestic and foreign brands of vehicles, were surging 10% as of 10:45 a.m. EDT on Tuesday, after the company posted a strong third quarter. Adjusted earnings per share checked in at $2.21, topping analysts' estimates calling for $1.85, and much higher than the prior year's $1.48. Also, selling, general, and administrative expenses as a percentage of gross profit declined 220 basis points to 67.9%. | Shares of Asbury Automotive (NYSE: ABG) , one of the largest automotive retailers in the U.S. with more than 83 dealerships spanning 29 domestic and foreign brands of vehicles, were surging 10% as of 10:45 a.m. EDT on Tuesday, after the company posted a strong third quarter. So what Asbury Automotive posted revenue of $1.76 billion during the third quarter, enough to top estimates and exceed the prior year's $1.6 billion. Same-store total revenue increased 6%, and gross profit increased 4%. | Shares of Asbury Automotive (NYSE: ABG) , one of the largest automotive retailers in the U.S. with more than 83 dealerships spanning 29 domestic and foreign brands of vehicles, were surging 10% as of 10:45 a.m. EDT on Tuesday, after the company posted a strong third quarter. So what Asbury Automotive posted revenue of $1.76 billion during the third quarter, enough to top estimates and exceed the prior year's $1.6 billion. Because of Asbury's size and diverse revenue streams -- including a parts and servicing segment that is stable during downturns and generated 12% of third-quarter revenue but an impressive 47% of gross profit -- it should produce solid results even as the U.S. automotive market plateaus. | Shares of Asbury Automotive (NYSE: ABG) , one of the largest automotive retailers in the U.S. with more than 83 dealerships spanning 29 domestic and foreign brands of vehicles, were surging 10% as of 10:45 a.m. EDT on Tuesday, after the company posted a strong third quarter. So what Asbury Automotive posted revenue of $1.76 billion during the third quarter, enough to top estimates and exceed the prior year's $1.6 billion. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Asbury Automotive Group wasn't one of them! |
28807.0 | 2018-10-23 00:00:00 UTC | Asbury Automotive Group (ABG) Beats Q3 Earnings and Revenue Estimates | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-abg-beats-q3-earnings-and-revenue-estimates-2018-10-23 | nan | nan | Asbury Automotive Group (ABG) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 19.46%. A quarter ago, it was expected that this auto dealership chain would post earnings of $1.95 per share when it actually produced earnings of $2.08, delivering a surprise of 6.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.76 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.68%. This compares to year-ago revenues of $1.60 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Asbury Automotive shares have lost about 6.9% since the beginning of the year versus the S&P 500's gain of 3.1%.
What's Next for Asbury Automotive?
While Asbury Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Asbury Automotive was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.94 on $1.74 billion in revenues for the coming quarter and $7.80 on $6.67 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.85 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.85 per share. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.76 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.68%. | Asbury Automotive Group (ABG) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.85 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.76 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.68%. | Asbury Automotive Group (ABG) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.85 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. |
28808.0 | 2018-10-23 00:00:00 UTC | Asbury Automotive Group Inc (ABG) Q3 2018 Earnings Conference Call Transcript | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-inc-abg-q3-2018-earnings-conference-call-transcript-2018-10-23 | nan | nan | Asbury Automotive Group Inc (NYSE: ABG)
Q3 2018 Earnings Conference Call
Oct. 23, 2018 , 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day and welcome to the Asbury Automotive Group Third Quarter earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Matt Pettoni. Sir, please go ahead.
David W. Hult -- President & CEO
Thanks, Matt, and good morning, everyone. Welcome to our third quarter 2018 earnings call. We are pleased with the results for the quarter. Some highlights are as follows. We achieved record adjusted EPS of $2.21, we grew total retail unit sales by more than 10%. We reduced SG&A as a percentage of gross profit by 220 basis points to 67.9% and we increased income from operations by 16%, our plan for the remainder of the year remains unchanged. We will continue to focus on the aspects of the business that we can control, specifically parts and service, used cars, F&I and overall expense management, while continuing to intelligently deploy capital toward the highest risk-adjusted return. Year-to-date, through October 22, we have deployed over $160 million of capital, which includes $91 million on share buybacks and approximately $70 million on acquisitions. The three acquisitions that we completed this year have integrated well into our Asbury operating model, and performance is in line with expectations. Our omni-channel investments are yielding strong results and the benefits can be seen in the record performance that we achieved this quarter. John will provide more details in a few moments. I will now hand the call over to Sean to discuss our financial performance. Sean?
Sean Goodman -- SVP & CFO
Thank you, David, and good morning, everyone. I would like to start with some color on the impact of hurricane Florence on our operations in North Carolina and Virginia. Despite the intensity of Florence, due to our emergency readiness programs and some good fortune, we did not have any notable property damage, while our North Carolina and Virginia stores were adversely impacted, the overall effect on our consolidated results was not significant and we did not expect to see any upside on our Q4 results. As a reminder, Q3 2017 was impacted by hurricane Irma and Harvey. This year, we implemented accounting standard ASC 606 for revenue recognition. The impact in this quarter is not material. So overall, compared to the prior year third quarter, our revenue increased by 10%, gross profit increased by 7%, gross margin of 15.8% was 40 basis points lower than last year. SG&A as a percentage of gross profit improved by 220 basis points to 67.9%. Operating margin of 4.6% was 20 basis points higher than last year.
Adjusted net income increased by 46% to $44.9 million and adjusted earnings per share increased by 49% to a record of $2.21. Net income for the third quarter of 2018 was adjusted for a tax expense of $0.03 per share associated with the IRS' recently issued guidance regarding section 162(m) of the Internal Revenue Code. In Q3 2017, there were no non-core adjustments. Our effective tax rate was 25% for the third quarter of 2018, down from 38.7% in the third quarter of 2017. We continue to expect the full year tax rate to be between 25% and 26%. We successfully managed our SG&A expenses during the quarter to achieve a 220 basis point reduction in SG&A as a percentage of gross profit. This is despite continued omni-channel investments, which are on track to be in excess of $10 million this year.
Note that last year's SG&A included costs associated with CEO transition charges and this year we benefited from relatively favorable experience in certain employee insurance costs when compared to last year. SG&A as a percentage of gross profit for the nine months ending 30th of September was 68.6%, which is 110 basis points better than the prior year. As a result of our success in managing SG&A expenses this year, we now expect SG&A as a percentage of gross profit to be slightly below 69% for the full year. At the end of the quarter, our total leverage ratio stood at 2.7 times and our net leverage ratio at 2.2 times. Thanks to our strong operating results and solid cash flow generation.
While the 2.2 times leverage ratio is below our targeted range of 2.5 times to 3 times, we believe that our leverage at the end of Q3 allows us to capitalize unexpected attractive future capital deployment opportunities while taking into consideration economic cycle. As we think about the economic cycle, it's worth noting that almost 50% of our gross profit is generated by the relatively stable parts and service segment of our business and that our SG&A costs are largely variable. We believe this business structure positions us well to effectively manage our costs and with the economic headwinds. Our investor presentation posted this morning shows some further information as to how we think about leverage. We repurchased $70 million of our own shares in Q3, bringing the total share repurchases for the first nine months of the year to $57 million. Now since the end of the third quarter, we have opportunistically repurchased an additional $34 million of our own shares, bringing our total for this year to $91 million, representing approximately 7% of the outstanding shares at the beginning of this year.
Our remaining share repurchase authorization has been increased to $100 million and we are also proactively looking at attractive acquisition opportunities. Despite the same inventory days as last year, floorplan interest expense increased by $2.6 million over the prior year, driven by increases in the LIBOR rate. A reminder that our floorplan debt has a floating interest rate, while all other debt is fixed rate. From a liquidity perspective, we ended the quarter with $7 million of cash, $43 million available in the floorplan offset account, $107 million available on our used vehicle line, $237 million available on our revolving credit line and we also had an incumbent real estate in excess of $200 million. I would now like to hand the call over to John to walk us through the operating performance in more detail. John?
John Hartman -- SVP, Operations
Thank you, Sean. My remarks will pertain to our same-store performance compared to the third quarter of 2017, looking at new vehicles while SAAR for the quarter was $17 million or 1% below last year. We focus on retail SAAR, which was down 3% for the quarter. In this lower retail SAAR environment, we were able to grow our new unit sales of 6%. Overall, our new car margin was 4.3%, 10 basis points lower than last quarter and 40 basis points lower than last year. This was driven by strong volume growth of imports, which are characterized by relatively lower margins. In addition, margins for imports declined due to aggressive incentive targets. Domestic margins were down, because we underperformed in certain domestic brands, thereby missing some incentive money. Our total new vehicle inventory was $773 million. Our day supply remained flat from prior year quarter at 73 days.
Turning to used vehicles. We are very pleased that we were able to increase our used to new ratio of 130 basis points, resulting in used vehicle unit sales increasing by 8% from the prior year. Our gross profit margin of 7.3% was up 10 basis points from both last quarter and the prior year. The successful deployment of our omni-channel initiatives and used car enterprise software help us drive these results. Our used vehicle inventory of $150 million is a 35-day supply, which is consistent with the prior year. Turning to F&I. Our team continues to deliver strong results. Total F&I gross profit increased by 5% with gross profit per vehicle decreasing slightly to $1,524. Turning to Products and Service. Our products and service revenue increased 2% and gross profit increased 3% despite an 8% decline in warranty compared to the prior-year quarter. This was achieved with a 5% increase in customer pay, the improved used vehicle sales caused our reconditioning work within parts and service to increase by 9%. I would like to take a moment to give you an update on the progress of some of our omni-channel initiatives. Our centralized brand certified digital sales team currently supports 45% of our stores and we are ahead of schedule to onboard the remaining stores within the next 12 months. Stores participating in the program during this quarter increased digital sales by over 20% year-over-year. Our PUSHSTART online sales tool handled over 4,000 vehicle sales in the quarter, which is approximately 9% of our total retail units. We continue to grow the traffic utilizing our digital parts and service scheduling tool and for the quarter online service appointments were up 34% from the prior year to an all-time record of 110,000. We are excited about our omni-channel driven growth and we are pleased that we've been able to invest in building omni-channel capabilities while maintaining our SG&A discipline. In conclusion, we would like to express our appreciation to all our teammates in the field and our support center who continued to produce best-in-class performance. We will now turn the call over to the operator and take your questions. Operator?
Questions and Answers:
Operator
Thank you, sir. (Operator Instructions) Our first question comes from Rick Nelson with Stephens.
Rick Nelson -- Stephens, Inc. -- Analyst
Nice quarter. I'd like to follow up on the same-store sales both new and used cars outpaced the overall market by a pretty significant margin, if you could discuss the drivers there and any regional commentary, regional areas of strength or weakness would be helpful.
John Hartman -- SVP, Operations
Hey, Rick, this is John. Basically, we've had a real good focus on used vehicles this year, and we've really focused on using the software. And I think our teams grabbed it and knows it. So I think that's really helped on the used car. On the new car side, we did have some lift year-over-year from the Florida markets which were down a little bit last year, and how we look at the new vehicle market is we really can't control the SAAR, what we try to focus on is beating the competition locally and just being ahead of the competition locally there.
David W. Hult -- President & CEO
Yes, I would add to that, Rick. The omni-channel piece that we're working on, there's a two connection prong there between our strong teams and the store is connecting with the digital team here and both are really producing well, we're generating more traffic, we are converting at a higher rate and we're finding efficiencies in doing so. And that's only with 45% of the company and so we're excited about the future.
Rick Nelson -- Stephens, Inc. -- Analyst
Just to follow up on omni-channel, sort of -- any sort of timeline when you expect you're going to leverage those investments or in fact are you starting to leverage that investment about $10 million that you spoke of?
Sean Goodman -- SVP & CFO
Yes, we're pretty much mostly expense with that for the year. We're very pleased with the results that we've seen so far. We do believe from a unit perspective and somewhat to an SG&A perspective on our comp, we're seeing the leverage benefits of it with only 45% and we continue to think we will get better.
Rick Nelson -- Stephens, Inc. -- Analyst
And F&I per unit looks like backed up a little bit, if you could speak to that and your expectations as we push forward?
John Hartman -- SVP, Operations
Rick, I think that's -- some of that's to do with the mix we had and increase in our used vehicle retail 130 basis points versus no. So we saw the finance penetrations just dropped slightly and we've had some pretty soft performance in F&I for a while, but I don't -- I see us maintaining that range of F&I.
Rick Nelson -- Stephens, Inc. -- Analyst
And finally, if I could ask about capital allocation and the acquisition environment, and I think this chart in your new power point leverage chart is pretty interesting too, where do you think we are within that band of the normal targeted range with some of those factors that you decide (ph) for influencing the leverage?
Sean Goodman -- SVP & CFO
Hi Rick, it's Sean, good morning. So, our chart shows a equilibrium leverage range of 2.5 times to 3 times. And as I've stated, our leverage at the end of the third quarter was 2.2 times and that reflects very strong results in the quarter. It also reflects the acquisitions -- that we didn't do any acquisitions in the third quarter and we bought back $17 million of shares. It positions us very well for opportunities in the future. And you see that in the share buybacks that we've done at the beginning of the third quarter, average share price during the -- at the beginning of the fourth quarter, average share price during the third quarter was around $72 and our average share price during the first three weeks of the fourth quarter has been around $62. And so in that period, with that lower average share price, we bought back $34 million of shares just in that three-week period of time, and that's just an indication of the flexibility we have given our leverage ratio at the beginning of the quarter and we are also looking at acquisitions that I think are exciting to us, if they provide the right return and there is a slide in our presentation about that as well that we do look at each project stand-alone by itself and the risk and return characteristics, and if the project meets the return characteristics given the risk profile, then we would invest in that project.
Rick Nelson -- Stephens, Inc. -- Analyst
Great, thanks a lot and good luck.
David W. Hult -- President & CEO
Thank you.
Operator
Our next question comes from Bret Jordan with Jefferies.
Bret Jordan -- Jefferies -- Analyst
Hi, good morning, guys. In your prepared remarks, you talked about aggressive incentives on the import side impacting margins, could you talk about the cadence of incentives and whether or not you're seeing that moderating or we're still sort of seeing the volatility that we saw around the second quarter as well?
David W. Hult -- President & CEO
I'll try to answer the best I can, the imports -- midline imports, we've got some manufacturers, they have some pretty aggressive incentives and what happens is you really can't say OK, we're going to (inaudible) the volume and sales margin, because everybody around you is chasing that incentive which drives the margins down. So I don't see a difference in the cadence coming forward.
John Hartman -- SVP, Operations
Yes. I'll also add to that, when you think about our mid-line imports, everything is geographical as far as where you're located with predominant mid-line imports and then we have a lot of high-volume mid-line imports in very metro markets which is very intense and competitive, which further push the margin down compared to an import store that might sit in the Midwest.
Bret Jordan -- Jefferies -- Analyst
And then another sort of cadence question, on 5% growth in customer pay service, could you talk, as far as ramping, are there programs you're running to drive volume, and years ago, you used to run tire discounting, but is there anything that you're doing out of the ordinary or is that just particular strength in customer demands or service, I guess as the quarter progressed, did you just see that changing accelerating or decelerating?
David W. Hult -- President & CEO
Yes, I would say with -- about 2.5 years ago, we implemented some software that was new to our organization that really clearly helped us identify where areas of opportunity was, how the car was moving through the system, because cycle time is such an important factor with the consumer from a point of defection, meaning how quickly can you get them in and out. We're getting very comfortable with that software now and we're starting to see the benefits of it. It's a very competitive space, we focus on brakes, batteries and tires, that has never changed and we're very focused on our customer attention, how we communicate with them. So from a digital perspective through text and via email, more so text now more than anything we're texting NPIs to customers and communicating that way and really focusing on selling the work that's needed and focusing specifically on safety item work. So I think that 5% has been steady, but at times it gets a little frustrating, because we see opportunities to grow certainly even more than that.
Bret Jordan -- Jefferies -- Analyst
And I guess one final question, on a comparable basis, give a feeling I guess year-over-year the hurricane impact, what did it cost you last year that maybe you didn't get those store closure days or anything this year?
David W. Hult -- President & CEO
So last year's hurricanes, hurricane Harvey and Irma, we did announce in last year when we had our earnings call (inaudible) impact of that, I think it was around a thousand caused that we missed out on selling due to those two hurricanes. The hurricane this year while we did have store closures in North Carolina and Virginia, we had about four days of impacted sales in North Carolina and Virginia and maybe about two days in South Carolina. Overall for the quarter, that was not a material impact on the consolidated results.
Operator
Thank you. Our next question comes from James Albertine with Consumer Edge.
James Albertine -- Consumer Edge -- Analyst
Great, thank you for taking the question and good morning and congratulations. Wanted to ask if I could on a regional basis, if you saw and I understand luxury units up, gross profit per unit up, but for imports and domestic, it was the opposite. So for imports and domestic, were there any regions within your portfolio where units were actually higher year-over-year while GPUs worked higher?
David W. Hult -- President & CEO
It was pretty consistent, James, across the board that we were down a little bit in gross and up in units. So regionally we didn't see a big -- no fluctuation (technical difficulty).
James Albertine -- Consumer Edge -- Analyst
Got it. So industrywide nothing specific to any regions or isolate impacts there, great. And then second question I have was on technicians, you've been talking about for several years, I think, now shortage for products and service technicians, where are you seeing the best opportunities in terms of sourcing technicians right now, is it coming from the aftermarket competitors or is it more straight out of sort of trade schools, I think, of that nature?
David W. Hult -- President & CEO
We try to take the technicians out of the trade schools but we'll take them from anywhere, we've got multiple programs going on that try to attract and retain our tech headcount. It's something we look at every week. We've got a lot of upside and fixed and really that's a challenge that keep moving forward that we just need to increase our tech headcount, but it's not going to get any easier.
James Albertine -- Consumer Edge -- Analyst
Would you say that you are sourcing more recently from peers or does it feel like it's been pretty steady over the past few quarters?
David W. Hult -- President & CEO
I think it's been pretty steady.
James Albertine -- Consumer Edge -- Analyst
Okay. And then last question on digital, great slide in here on advertising spend on your third quarter presentation, wanted to understand if you could break out or delineate internal generated leads versus sort of usage of third party? And for the third parties, are there any names you'd be willing to share in terms of where you're favoring right now, whether it's things like cargo routes, or auto trade or so forth if you'd be willing to share that?
David W. Hult -- President & CEO
Yes, I would say our mix hasn't changed. We're very efficient with our ad dollar spend, naturally we would -- we value direct internet (ph) leads over third party, but we have tremendous third-party relationships and it's a tough question to answer, because some of those third parties are stronger in other markets and then weaker in other markets and then others that are weaker or stronger in those markets, but we are selective, we look at it every month, we look at what we're getting for our money and we look at the conversion rate and we're constantly tweaking, making adjustments to it, but our main focus is building our own content and driving our own traffic for the higher conversion.
James Albertine -- Consumer Edge -- Analyst
I guess as a follow-up to that last question, can you give us a breakdown of internal generated leads versus third party and how that's trended over the past quarter or two?
David W. Hult -- President & CEO
Yes, I would -- we've never shared that before and we're really not comfortable doing it now, I would -- this isn't real helpful, but it continues to grow at a steady rate, but we certainly couldn't do without our third party partners.
James Albertine -- Consumer Edge -- Analyst
Understood, thanks again and best of luck.
David W. Hult -- President & CEO
Thank you.
Operator
Our next question comes from John Murphy with Bank of America.
John Murphy -- Bank of America -- Analyst
Good morning, guys. A follow-up on incentives and pricing, I mean it sounds like the industry is getting a little bit more disciplined sort of across the board, but it sounds like that you're -- on the import, in certain markets, you're having a little bit of an issue or they're having a little bit of an issue on pricing incentives, is that because they're offsite on mix and have some of the wrong product for the market, they're just sort of heavier in sedans or is this just a sort of a competitive action that they're taking right now.
David W. Hult -- President & CEO
I mean to me it's a little of both, I think it's a competitive action, where the manufacturer wants to grab share. So they'll put aggressive incentives out and again when you get into these stair step or number-related objectives, it's difficult and I said it couple of minutes ago, you can't decide, I'm not going to chase volume while all the other local competition around you is chasing it, because you windup losing the business. So you kind of have to go on and get into that game from the get-go to get the volume.
Sean Goodman -- SVP & CFO
But you also think about imports in trucks, you know Nissan Rogues, Honda CR-Vs (inaudible) Fords, all the trucks and those are becoming, as you know, high-volume segments with not a lot of margin baked into them in a very competitive space.
John Murphy -- Bank of America -- Analyst
So, you're actually at this point seeing some of the small crossovers and mid-crossovers become essentially like sort of the sedan that you saw, three to five years ago, just as far as the competitive environment and the margins that you're getting on them.
David W. Hult -- President & CEO
Absolutely.
John Murphy -- Bank of America -- Analyst
Then a second question. Sean, you talked about attractive opportunities to deploy capital and it sounded like you're -- there's an expectation that things are going to get more attractive for deploying capital. I'm just curious, is that sort of in the traditional channels of acquisitions, where you see some of the privates getting more realistic around valuations, or is there sort of something outside the normal bounds that we should be thinking about that you might be going after?
David W. Hult -- President & CEO
This is David. I would say in over 30 years, we're doing this in the cyclicality of it, from 2010 to 2017, the valuations were very high and the market was optimistic and the deals were optimistic, expecting to grow their business even more and they almost want to be paid on the multiple that they weren't even attending themselves. The benefit when it gets a little bit bumpy like this and what I've seen over the last three decades whether I've been with the private group or public group, the best people grow in bad times, or tough times. And so we see this is as a great opportunity if the SAAR backs up a little bit or if it gets a little bit choppy to acquire things at realistic rates. We're lucky, our only differentiator as we tell everyone is our people, we have great people and we have a lot of them, so to grow and add at the right value, really becomes accretive for our shareholders and we're excited about that opportunity.
John Murphy -- Bank of America -- Analyst
Sort of contrary to popular wisdom, a bit of a slowdown in new vehicle SAAR actually might be a very attractive opportunity for you guys to grow the business.
David W. Hult -- President & CEO
Great.
John Murphy -- Bank of America -- Analyst
And then just lastly, if you think about the SG&A levels, you're talking about a little bit less than 69% this year. It's fantastic performance just hands down (inaudible) anything else since one of your better years, is there more room on that to take cost out or will that get better over time with leverage or do you think this close to 69% rate is almost as good as you can operate at?
John Hartman -- SVP, Operations
Yes, I'm getting a little over my SKUs (ph), John, so I'll paint a picture that I can't answer today. But with what we have going on with our omni-channel with where we see the business by 2020 to 2025 and what that dealership model is going to look like, we do see opportunities to be more efficient by doing what we do today.
John Murphy -- Bank of America -- Analyst
So we shouldn't think about in the context of sort of the old school confines of high 60s to low 70s, there might be a whole sort of sea change that's going on here over time?
Sean Goodman -- SVP & CFO
Yes, I think it's a couple years out, maybe a few years out, but I definitely think you'll see a lot of industry change with SG&A specifically around compensation.
John Murphy -- Bank of America -- Analyst
Okay, great, very helpful, thank you so much, guys.
David W. Hult -- President & CEO
Thank you.
Operator
Thank you. Our next question comes from Armintas Sinkevicius with Morgan Stanley.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
Good morning. Thank you for taking the question. With regards to new vehicle sales, it seems like there was a lot of, mostly it was market share and coming from the import channel. Just curious if there are any specific manufacturers or just trying to think about drawing lines or conclusions across the industry here?
John Hartman -- SVP, Operations
Well, on the import side, I mean your volume manufacturers are basically Nissan, Honda and Toyota. And if you look at our percent of sales, I mean we're driving 61% of our sales from that segment -- in the import segment.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
But was it you taking share in those segments, as you mentioned, you couldn't dial back on volume. So did you make the push then on volume and find yourself taking share in those vehicles?
John Hartman -- SVP, Operations
We did, and the benefit of volume is one, you get the F&I income on that; two, you get -- you can feed your used car inventory to retail used vehicles. And then as the UIO (ph) grows, obviously you're feeding your service and products business in the future. So it's all benefits when you get share.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
And then with the used car sales running strong as well, what's your view of the used car market this year, do you think we're on record pace for used car industry sales and how has October trended to date?
John Hartman -- SVP, Operations
I mean October is kind of as expected, for October, typically the used car market's to about 2.5 times what the new vehicle SAAR is, I think it's a solid used car market moving forward.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
Okay. And then on the M&A environment, as you talk about potentially attractive acquisition opportunities, is there something you're looking at today or is it something that you're just waiting for and evaluating as they come?
John Hartman -- SVP, Operations
I'll answer as best I can in this way. During the year of 2018, I don't think we've had a week where we haven't been looking at an acquisition. So it's fair to say we're looking at things now, we're excited about some things we're working on and the potential, but like anything else, they are very complex to put together. So we're hopeful.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
Okay. And would you think about tuck-in type acquisitions or something of large-scale?
John Hartman -- SVP, Operations
I think the answer is both. It really depends, when you think about going into a market you haven't been in before other than the revenue you're buying, and to me, more importantly than the revenue that you're buying is you really need to understand how that business operates and how well it will fold into your organization and assimilate to what you have, sometimes buying revenue isn't necessarily a great thing for our company if it doesn't mesh well together. So we're very focused on how they operate. Is it a good fit for us and is it win-win for us in the dealer partner. Tuck-in opportunities, we look at tuck-ins as they come up and certainly want to take advantage of them, but we also think that tuck-ins are good time to look for broken stores, because you tend to have scale in those markets and you can really support them well with your brand name.
Armintas Sinkevicius -- Morgan Stanley -- Analyst
Great, thank you so much.
Operator
Thank you. Our next question comes from Chris Bottiglieri with Wolfe Research.
Chris Bottiglieri -- Wolfe Research -- Analyst
Hi, thanks for taking the questions. Couple follow-ups, I guess my first one on the insurance, could you quantify at all how much of the benefit that was to SG&A, (inaudible) gross per unit, how you want to contextualize that?
Sean Goodman -- SVP & CFO
No, this is Sean, we didn't quantify the impact, but what we are seeing is that some of our insurance claims experience and I'm thinking specifically here about workers' comp and medical benefits, that's been last year and that's certainly helped by SG&A. But we have not quantified that.
Chris Bottiglieri -- Wolfe Research -- Analyst
So that's something you think that would persist, not just like a one-time accrual true-up?
John Hartman -- SVP, Operations
No, I think it's a one-off for this quarter in terms of the variation versus last year, we expect that to be more stable in the fourth quarter relative to last year. So it's a one-off benefit this quarter versus last year, but it should be more stable in the fourth quarter.
Chris Bottiglieri -- Wolfe Research -- Analyst
And then the used system changeover obviously pretty tremendous growth in Q3, very easy compare in Q4, is there a way to contextualize how much of headwind that was last year and maybe just frame for us, would you think the underlying -- your underlying same-store sales unit growth is right now that you can think about projecting outwards depending on the macro environment?
Sean Goodman -- SVP & CFO
I think when you change -- if people are used to using a certain system or software, any time you change it, it's kind of like you're going back to scrap (ph) and starting a new. So I think it took some time for people to get used to it. Not that the underlying business changed, it really doesn't. But the tool that we are using every day to manage that business did. So I think you're seeing some of the traction after three or four quarters of using the software and the employees getting used to it and taking advantage of this where you saw the uptick in sales.
John Hartman -- SVP, Operations
I also add that I think our omni-channel piece really wasn't in full gear last year at this point and we're still probably in the third, fourth inning with it. So as that continues to mature and grow with a combination efficiency of that and our team in the field really getting used to that software is going to garner great results going forward as well.
Chris Bottiglieri -- Wolfe Research -- Analyst
In those markets where you do have the omni-channel, I think it was like 43% or something like that, how are they using the comps compared to the markets where you don't have that in place?
David W. Hult -- President & CEO
So what we are noticing and I'll answer it this way. Much higher conversion rates, I think John mentioned in his script, a 20% increase year-over-year, you can kind of see we've been running as a total company at 10% for the quarter. So we're closing at a higher rate, converting at a higher rate with those 45% of those stores.
Chris Bottiglieri -- Wolfe Research -- Analyst
And then finally, just one last big picture question. The gross profits have been down or seven years running approaching like $59 per unit, is there a way to frame where you think this metric could bottom either incremental SG&A or private deal or profitability or is it just you think you're making so much money in F&I and P&S that really is in the bottleneck, how do we think about kind of the direction of used vehicle gross profits going forward?
Sean Goodman -- SVP & CFO
You know we thought a year ago, they were stabilizing it, it's tough to really answer that. And it really matters geographically where your stores are loaded OK, because some markets are more competitive as others as far as saturation of number of rooftops. The one positive I would say, we have pretty tough new car margins. We are predominantly mid-line import, which is a tough thing right now and we're demonstrating high operating margins in great SG&A. So, to me, the takeaway is regardless of focusing on the negative of the new car margin, just how well this model can be efficient, generate income and control expenses at the same time. So that lends a lot of confidence to us regardless of where it goes, we can control our destiny and our growth.
Operator
Our next question comes from David Whiston with Morningstar.
David Whiston -- Morningstar -- Analyst
Wanted to continue with the incentive discussion, basically, I'm just wondering is there ever a point where and I guess would probably be more applicable to the domestic side given that the smaller part of your business, but is there a point where you would say, we're just not going to play this game anymore next to those franchises or conversely do you ever think about maybe trying to have a more balanced brand portfolio and actually increasing your domestic exposure?
David W. Hult -- President & CEO
I'll answer and John can jump in. Clearly diversifying the portfolio is our main focus, because all brands are cyclical. So you really want to think about where you're positioned in the country and what brands you have. There's no question. We would like to grow our domestic rooftop count, our domestic partners are much appreciated. We think we make good money with our domestic partners, they make quality products. So we would certainly like to grow with our domestics.
John Hartman -- SVP, Operations
I think that it's a competitive business and when the incentive targets are out there, you've got to go grab them. David, there are times that we have gone into the month, because these targets change monthly. We said this doesn't make sense, we're not going to chase it. So we don't.
David Whiston -- Morningstar -- Analyst
Other question is on the rising interest rates and affordability, which is getting some attention on the press now. On average, when I do the math, 100 bps on a new car is generally about $14 a month increase in the monthly payment, but our -- maybe what's going on now, perhaps some customers are getting hit way harder than that if their credit is not very good and it's more like a $5,000 (ph) plus payment and just pushing these people either out of the market completely when they used?
Sean Goodman -- SVP & CFO
We haven't seen the interest rates really affecting the consumer lending, REITs have uptick slightly, but not to the point where it's costing us volume, or shifting customers from new to used. With the interest rates, where we are feeling a little bit of a headwind is really on the inventory side, but we've done a good job managing our day supply as the carrying cost has gone up year-over-year.
David Whiston -- Morningstar -- Analyst
Okay, thanks, guys.
Sean Goodman -- SVP & CFO
Thank you.
Matt Pettoni -- VP of Finance & Treasurer
Thank you very much. This concludes today's discussion. We appreciate your participation on the call today. Have a great day.
Operator
Thank you, ladies and gentlemen, this concludes today's teleconference. You may now disconnect.
Duration: 43 minutes
Call participants:
David W. Hult -- President & CEO
Sean Goodman -- SVP & CFO
John Hartman -- SVP, Operations
Rick Nelson -- Stephens, Inc. -- Analyst
Bret Jordan -- Jefferies -- Analyst
James Albertine -- Consumer Edge -- Analyst
John Murphy -- Bank of America -- Analyst
Armintas Sinkevicius -- Morgan Stanley -- Analyst
Chris Bottiglieri -- Wolfe Research -- Analyst
David Whiston -- Morningstar -- Analyst
Matt Pettoni -- VP of Finance & Treasurer
More ABG analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
10 stocks we like better than Asbury Automotive Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Asbury Automotive Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of August 6, 2018
Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group Inc (NYSE: ABG) Q3 2018 Earnings Conference Call Oct. 23, 2018 , 10:00 a.m. Duration: 43 minutes Call participants: David W. Hult -- President & CEO Sean Goodman -- SVP & CFO John Hartman -- SVP, Operations Rick Nelson -- Stephens, Inc. -- Analyst Bret Jordan -- Jefferies -- Analyst James Albertine -- Consumer Edge -- Analyst John Murphy -- Bank of America -- Analyst Armintas Sinkevicius -- Morgan Stanley -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst David Whiston -- Morningstar -- Analyst Matt Pettoni -- VP of Finance & Treasurer More ABG analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. David W. Hult -- President & CEO Yes, I would say with -- about 2.5 years ago, we implemented some software that was new to our organization that really clearly helped us identify where areas of opportunity was, how the car was moving through the system, because cycle time is such an important factor with the consumer from a point of defection, meaning how quickly can you get them in and out. | Duration: 43 minutes Call participants: David W. Hult -- President & CEO Sean Goodman -- SVP & CFO John Hartman -- SVP, Operations Rick Nelson -- Stephens, Inc. -- Analyst Bret Jordan -- Jefferies -- Analyst James Albertine -- Consumer Edge -- Analyst John Murphy -- Bank of America -- Analyst Armintas Sinkevicius -- Morgan Stanley -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst David Whiston -- Morningstar -- Analyst Matt Pettoni -- VP of Finance & Treasurer More ABG analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Asbury Automotive Group Inc (NYSE: ABG) Q3 2018 Earnings Conference Call Oct. 23, 2018 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Asbury Automotive Group Third Quarter earnings call. | Duration: 43 minutes Call participants: David W. Hult -- President & CEO Sean Goodman -- SVP & CFO John Hartman -- SVP, Operations Rick Nelson -- Stephens, Inc. -- Analyst Bret Jordan -- Jefferies -- Analyst James Albertine -- Consumer Edge -- Analyst John Murphy -- Bank of America -- Analyst Armintas Sinkevicius -- Morgan Stanley -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst David Whiston -- Morningstar -- Analyst Matt Pettoni -- VP of Finance & Treasurer More ABG analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Asbury Automotive Group Inc (NYSE: ABG) Q3 2018 Earnings Conference Call Oct. 23, 2018 , 10:00 a.m. And you see that in the share buybacks that we've done at the beginning of the third quarter, average share price during the -- at the beginning of the fourth quarter, average share price during the third quarter was around $72 and our average share price during the first three weeks of the fourth quarter has been around $62. | Duration: 43 minutes Call participants: David W. Hult -- President & CEO Sean Goodman -- SVP & CFO John Hartman -- SVP, Operations Rick Nelson -- Stephens, Inc. -- Analyst Bret Jordan -- Jefferies -- Analyst James Albertine -- Consumer Edge -- Analyst John Murphy -- Bank of America -- Analyst Armintas Sinkevicius -- Morgan Stanley -- Analyst Chris Bottiglieri -- Wolfe Research -- Analyst David Whiston -- Morningstar -- Analyst Matt Pettoni -- VP of Finance & Treasurer More ABG analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Asbury Automotive Group Inc (NYSE: ABG) Q3 2018 Earnings Conference Call Oct. 23, 2018 , 10:00 a.m. David W. Hult -- President & CEO Yes, I would -- we've never shared that before and we're really not comfortable doing it now, I would -- this isn't real helpful, but it continues to grow at a steady rate, but we certainly couldn't do without our third party partners. |
28809.0 | 2018-10-23 00:00:00 UTC | Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships | ABG | https://www.nasdaq.com/articles/tuesday-sector-leaders-general-contractors-builders-auto-dealerships-2018-10-23 | nan | nan | In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 4%. Leading the group were shares of Pultegroup ( PHM ), up about 8.7% and shares of William Lyon Homes ( WLH ) up about 7.2% on the day.
Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading higher by about 10.8% and Penske Automotive Group ( PAG ), trading higher by about 5% on Tuesday.
VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading higher by about 10.8% and Penske Automotive Group ( PAG ), trading higher by about 5% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 4%. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading higher by about 10.8% and Penske Automotive Group ( PAG ), trading higher by about 5% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 4%. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading higher by about 10.8% and Penske Automotive Group ( PAG ), trading higher by about 5% on Tuesday. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading higher by about 10.8% and Penske Automotive Group ( PAG ), trading higher by about 5% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 4%. Leading the group were shares of Pultegroup ( PHM ), up about 8.7% and shares of William Lyon Homes ( WLH ) up about 7.2% on the day. |
28810.0 | 2018-10-16 00:00:00 UTC | Auto Sales Defy Dull September Retail Numbers: 5 Picks | ABG | https://www.nasdaq.com/articles/auto-sales-defy-dull-september-retail-numbers-5-picks-2018-10-16 | nan | nan | Retail sales returned another soft reading in September, weighed down by a drastic drop in spending at bars and restaurants. Spending also dropped at grocery stores and gas stations, leading to fears of a possible economic slowdown. Only a jump in spending at auto dealers staved off an overall decline.
However, experts feel that the decline in sales was largely attributable to the impact of Hurricane Florence. Restaurant sales fell but have remained robust over the past year.
Also, core retail sales experienced a healthy increase, indicating that consumer spending remains robust. Investing in auto and parts dealers, the leading gainers for the last month looks prudent at this point.
Sales Remain Soft, Restaurant Sales Plunge
According to the Department of Commerce, retail sales increased by 0.1% during the month of September, below the consensus estimate of a jump of 0.6%. The reading was in line with August's sluggish increase of 0.1%. Excluding motor vehicles and parts, retail sales decreased by 0.1%.
Sales may have been constrained by the impact of Hurricane Florence. But the soft reading was largely attributable to a 1.8% drop in sales at food services and drinking places. This is the largest decline since December 2016. However, restaurant sales have still increased 7.1% over the past 12 months.
Auto Sales Surge, Spending Remains Robust
As is evident, the headline number would have undergone a decline but for a good month at auto dealers and parts sellers. Sales at motor vehicle and parts dealers increased 0.8% last month. However, sales at gasoline stations declined by 0.8%, indicating that fuel prices had somewhat moderated.
Sales at clothing and accessories stores increased by 0.5%, rebounding from a 2.8% plunge in August. Nonstore retailers experienced a 1.1% increase in sales, reflecting the power of online retail. Building material store sales inched up 0.1%. Sales at musical instrument, hobby and book stores increased 0.7%.
Moreover, core retail sales, which exclude automobiles, building materials, gasoline and food services increased by 0.5%. This metric closely tracks the consumer spending portion of GDP. This strong reading indicates that robust consumer spending will likely offset the impact of trade tensions and weakness in the housing market.
Our Choices
Despite retail sales coming in soft for the second consecutive month, the robust nature of consumer spending remains intact. This is evident from the strong reading returned by core retail sales. Further, the dull nature of sales is largely attributable to the impact of Hurricane Florence.
This is why it makes sense to invest in stocks of motor vehicle and parts dealers, the leading gainers for last month. However, picking winning stocks may be difficult.
This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.
We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM Score.
America's Car-Mart, Inc.CRMT is one of the largest automotive retailers in the United States.
America's Car-Mart carries a Zacks Rank #1 (Strong Buy) and has a VGM Score of B. The company has expected earnings growth of 48.2% for the current year. The Zacks Consensus Estimate for the current year has improved by 13.9% over the last 60 days.
Rush Enterprises, Inc.RUSHA is an integrated retailer of commercial vehicles and related services, operating in the United States.
Rush Enterprises has a VGM Score of A. The company's expected earnings growth for the current year is 46.6%. The stock sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AutoZone, Inc.AZO is one of the nation's leading specialty retailers of automotive replacement parts and accessories.
AutoZone has a Zacks Rank #2 (Buy) and VGM Score of A. The company has expected earnings growth of 16% for the current year. The Zacks Consensus Estimate for the current year has improved by 2.5% over the last 30 days.
Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States.
Asbury Automotive carries a Zacks Rank #2 and has a VGM Score of A. The company has expected earnings growth of 21.3% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.6% over the last 60 days.
Advance Auto Parts, Inc.AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles.
Advance Auto Parts carries a Zacks Rank #2 and has a VGM Score of B. The company has expected earnings growth of 29.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.3% over the last 30 days.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report
Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report
AutoZone, Inc. (AZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Retail sales returned another soft reading in September, weighed down by a drastic drop in spending at bars and restaurants. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Also, core retail sales experienced a healthy increase, indicating that consumer spending remains robust. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Sales Remain Soft, Restaurant Sales Plunge According to the Department of Commerce, retail sales increased by 0.1% during the month of September, below the consensus estimate of a jump of 0.6%. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report America's Car-Mart, Inc. (CRMT): Free Stock Analysis Report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Sales Remain Soft, Restaurant Sales Plunge According to the Department of Commerce, retail sales increased by 0.1% during the month of September, below the consensus estimate of a jump of 0.6%. |
28811.0 | 2018-09-28 00:00:00 UTC | Asbury Automotive Group Sees Hammer Chart Pattern: Time to Buy? | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-sees-hammer-chart-pattern%3A-time-to-buy-2018-09-28 | nan | nan | Asbury Automotive Group, Inc.ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.
Other Factors
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 3 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.
Estimates have actually risen so much that the stock now has a Zacks Rank #2 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if ABG stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. This will be especially true if ABG stock can build momentum from here and find a way to continue higher of off this encouraging trading development. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. | Asbury Automotive Group, Inc.ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. This will be especially true if ABG stock can build momentum from here and find a way to continue higher of off this encouraging trading development. |
28812.0 | 2018-09-25 00:00:00 UTC | ABG Crosses Below Key Moving Average Level | ABG | https://www.nasdaq.com/articles/abg-crosses-below-key-moving-average-level-2018-09-25 | nan | nan | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $70.02, changing hands as low as $69.60 per share. Asbury Automotive Group Inc shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $54.51 per share, with $77.75 as the 52 week high point - that compares with a last trade of $69.95.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $70.02, changing hands as low as $69.60 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $54.51 per share, with $77.75 as the 52 week high point - that compares with a last trade of $69.95. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $70.02, changing hands as low as $69.60 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $54.51 per share, with $77.75 as the 52 week high point - that compares with a last trade of $69.95. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $70.02, changing hands as low as $69.60 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $54.51 per share, with $77.75 as the 52 week high point - that compares with a last trade of $69.95. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $70.02, changing hands as low as $69.60 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $54.51 per share, with $77.75 as the 52 week high point - that compares with a last trade of $69.95. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
28813.0 | 2018-09-06 00:00:00 UTC | Commit To Buy Asbury Automotive Group At $60, Earn 4.1% Annualized Using Options | ABG | https://www.nasdaq.com/articles/commit-buy-asbury-automotive-group-60-earn-41-annualized-using-options-2018-09-06 | nan | nan | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $72.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $60 strike, which has a bid at the time of this writing of $1.50. Collecting that bid as the premium represents a 2.5% return against the $60 commitment, or a 4.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $60 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Asbury Automotive Group Inc sees its shares decline 17.2% and the contract is exercised (resulting in a cost basis of $58.50 per share before broker commissions, subtracting the $1.50 from $60), the only upside to the put seller is from collecting that premium for the 4.1% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Asbury Automotive Group Inc, and highlighting in green where the $60 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $60 strike for the 4.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Asbury Automotive Group Inc (considering the last 252 trading day closing values as well as today's price of $72.15) to be 27%. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 1.73M contracts, with call volume at 1.73M, for a put:call ratio of 0.73 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of Stocks Conducting Buybacks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $72.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $72.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $72.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $72.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. |
28814.0 | 2018-08-27 00:00:00 UTC | Should Value Investors Pick Asbury Automotive (ABG) Stock? | ABG | https://www.nasdaq.com/articles/should-value-investors-pick-asbury-automotive-abg-stock-2018-08-27 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury Automotive has a trailing twelve months PE ratio of 10.3, as you can see in the chart below:
This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 compares in at about 19.9. If we focus on the stock's long-term PE trend, the current level puts Asbury Automotive's current PE ratio slightly below its midpoint (which is 11.0) over the past five years.
We should also point out that Asbury Automotive has a forward PE ratio (price relative to this year's earnings) of just 9.7, so it is fair to say that a slightly more value-oriented path may be ahead for Asbury Automotive's stock in the near term too.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury Automotive has a P/S ratio of about 0.2. This is significantly lower than the S&P 500 average, which comes in at 3.5 right now. Also, as we can see in the chart below, this is somewhat below the highs for this stock in particular over the past few years.
If anything, this suggests some level of undervalued trading-at least compared to historical norms.
Broad Value Outlook
In aggregate, Asbury Automotive currently has a Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the PEG ratio for Asbury Automotive is just 1.1, a level that is slightly lower than the industry average of 1.3. The PEG ratio is a modified PE ratio that takes into account the stock's earnings growth rate. Clearly, ABG is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Asbury Automotive might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of B and a Momentum score of A. This gives ABG a VGM score-or its overarching fundamental grade-of A. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been disappointing. The current quarter has seen two estimates go lower in the past sixty days compared to none higher, while the full year estimate has seen two upward and two downward revisions in the same time period.
This has had a noticeable impact on the consensus estimate, as the current quarter consensus estimate has fallen 9% in the past two months, while the full year estimate has dipped 0.1%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. Price and Consensus | Asbury Automotive Group, Inc. Quote
This somewhat bearish trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Asbury Automotive is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Moreover, a strong industry rank (top 21% out of more than 250 industries) further supports the growth potential of the stock. However, with a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past one year, the sector has clearly underperformed the broader market, as you can see below:
So, value investors might want to wait for estimates, analyst sentiment and industry trends to turn favorable in this name first, but once that happens, this stock could be a compelling pick.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. |
28815.0 | 2018-08-24 00:00:00 UTC | 1 Analyst Prefers Penske Over AutoNation: What You Need to Know | ABG | https://www.nasdaq.com/articles/1-analyst-prefers-penske-over-autonation-what-you-need-know-2018-08-24 | nan | nan | Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
New car sales in the U.S. slumped in July, falling 3.7% in comparison to July 2017. That was a disappointment after the 5.2% increase in sales we saw in June, but basically a continuation of the topsy-turvy nature of this year's car market, where sales also fell in April, rose in May, and year to date are up only an anemic 1.1%.
But somebody seems to have forgotten to tell automotive investors that things aren't really going great.
In a series of new stock ratings just out this morning, analysts at SunTrust Robinson Humphrey note that two of the country's biggest automotive retailers still cost roughly the same valuation they've averaged over the past 10 years -- even though we're at or near the peak of the car market. One other stock, however, appears to be selling at closer to a discounted price.
Surprise, surprise: That's the stock SunTrust thinks you should buy.
Rounding up the usual suspects
The three car dealers SunTrust reviewed this morning are Asbury Automotive Group (NYSE: ABG) , AutoNation (NYSE: AN) , and Penske Automotive Group (NYSE: PAG) .
Priced below $76 today, SunTrust sees Asbury Automotive stock rising to perhaps $78 a share over the next 12 months -- a low-single-digit increase that's basically in line with the growth rate that car sales have enjoyed so far this year. That's probably no accident. "[B]ased on its current sales mix of new and used cars," SunTrust argues, according to TheFly.com , Asbury stock "should grow in line with the overall auto dealer industry."
The analyst is more optimistic about AutoNation, but only slightly so. On the one hand, SunTrust likes AutoNation's efforts to expand into "less-cyclical businesses like collision and used vehicle stores" to reduce its dependence on new car sales. Still, SunTrust says the stock is "over-index[ed]" to new car sales, which will continue to have "outsized" impact on its sales growth until the new initiatives take off. In fact, in the short term, SunTrust worries that AutoNation's investments to grow new businesses could hurt its profit margins, exacerbating the effect of slow sales growth. As with Asbury, SunTrust only sees this one going up a couple of bucks over the next 12 months -- from $46 and change to perhaps $48 a share.
In contrast, SunTrust has higher hopes for Penske Automotive Group stock. Priced below $52 a share today, SunTrust predicts Penske will rise to $60 within a year as the company's commercial heavy duty truck retailing segment helps to blunt the effects of a "difficult" consumer cars market.
Admittedly, commercial trucks only account for about 5% of Penske's annual sales, according to data from S&P Global Market Intelligence . However, the analyst also likes Penske's strategy of expanding used car sales, especially in light of a strengthening market for off-lease vehicles.
Running the numbers
Valuation-wise, SunTrust notes that Asbury looks "fairly valued" today, and deserves no more than a hold rating. This is because Asbury stock is "trading in the middle of its historical range," explains SunTrust. Likewise with AutoNation, which also gets a hold, the analyst argues its stock is "in the middle of its 10-year historical valuation range."
Penske Automotive stock, though, is again the exception. As SunTrust points out, the stock is selling for only nine times forward earnings. Inasmuch as Penske stock has ranged between valuations of eight and 13 times forward earnings historically, SunTrust believes Penske Automotive Group sits sufficiently close to the "low end" of its trading range to merit a buy rating and a $60 price target.
Do the numbers add up?
Not prepared to take SunTrust at its word on these valuation arguments? That's probably prudent. Just to confirm that the analyst's arguments are accurate, I ran the numbers myself.
According to data from S&P Global, Penske's lowest annual valuations relative to forward earnings (its price-to-next-12-month-earnings ratios) have averaged 8.8 over the last 10 years. The stock's highest forward P/E ratios, on the other hand, have averaged 16.3. Thus, the situation as I see it is actually more attractive than the one SunTrust describes. At 9.5 times forward earnings today, Penske Automotive stock sits within less than one full multiple to earnings of its lowest average multiple over the past decade -- a very propitious sign that the stock has nowhere to go but up from here.
But here's a surprise: AutoNation's forward P/E has actually averaged between 11.6 (at its low point) and 17.1 (at its high) over the past 10 years. At today's valuation of 9.4 times forward earnings, it's arguably ever more attractive than Penske!
As for Asbury, its forward P/E has ranged from an average of 8.2 to about 14.7 over the past decade. At 9.5 times forward earnings today, Asbury stock is a bit farther from its usual low point than is Penske -- but only a bit, and probably not significantly different to justify calling one stock a buy and the other stock a hold on this metric alone.
What it means for investors
So what's the upshot for investors? All three of the car dealers that SunTrust reviewed today currently sell at, below, or very near to their lowest forward P/E ratios of the last 10 years. On the one hand, that does suggest the stocks are worth watching as potential value candidates -- and in contrast to SunTrust, I honestly don't see any compelling reason to prefer one of these stocks over the others.
On the other hand, of course, low P/E ratios are exactly what you'd expect investors to bid at the top of a cyclical market, where they're not sure how sustainable company earnings will be on the other side of the cycle. Personally, though, I'm kind of surprised at how well auto sales have been holding up so far -- after all, we've been hearing the market was at its cyclical peak for at least a couple of years now , yet sales stubbornly refuse to fall off the cliff.
If sales continue to hold up well, and single-digit sales gains is the worst news we can expect, it's just possible that not just one, but all three of these stocks are still worth investing in.
10 stocks we like better than Penske Automotive Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Penske Automotive Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of August 6, 2018
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Penske Automotive Group. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Rounding up the usual suspects The three car dealers SunTrust reviewed this morning are Asbury Automotive Group (NYSE: ABG) , AutoNation (NYSE: AN) , and Penske Automotive Group (NYSE: PAG) . In a series of new stock ratings just out this morning, analysts at SunTrust Robinson Humphrey note that two of the country's biggest automotive retailers still cost roughly the same valuation they've averaged over the past 10 years -- even though we're at or near the peak of the car market. Priced below $76 today, SunTrust sees Asbury Automotive stock rising to perhaps $78 a share over the next 12 months -- a low-single-digit increase that's basically in line with the growth rate that car sales have enjoyed so far this year. | Rounding up the usual suspects The three car dealers SunTrust reviewed this morning are Asbury Automotive Group (NYSE: ABG) , AutoNation (NYSE: AN) , and Penske Automotive Group (NYSE: PAG) . Priced below $76 today, SunTrust sees Asbury Automotive stock rising to perhaps $78 a share over the next 12 months -- a low-single-digit increase that's basically in line with the growth rate that car sales have enjoyed so far this year. Inasmuch as Penske stock has ranged between valuations of eight and 13 times forward earnings historically, SunTrust believes Penske Automotive Group sits sufficiently close to the "low end" of its trading range to merit a buy rating and a $60 price target. | Rounding up the usual suspects The three car dealers SunTrust reviewed this morning are Asbury Automotive Group (NYSE: ABG) , AutoNation (NYSE: AN) , and Penske Automotive Group (NYSE: PAG) . Inasmuch as Penske stock has ranged between valuations of eight and 13 times forward earnings historically, SunTrust believes Penske Automotive Group sits sufficiently close to the "low end" of its trading range to merit a buy rating and a $60 price target. At 9.5 times forward earnings today, Penske Automotive stock sits within less than one full multiple to earnings of its lowest average multiple over the past decade -- a very propitious sign that the stock has nowhere to go but up from here. | Rounding up the usual suspects The three car dealers SunTrust reviewed this morning are Asbury Automotive Group (NYSE: ABG) , AutoNation (NYSE: AN) , and Penske Automotive Group (NYSE: PAG) . Inasmuch as Penske stock has ranged between valuations of eight and 13 times forward earnings historically, SunTrust believes Penske Automotive Group sits sufficiently close to the "low end" of its trading range to merit a buy rating and a $60 price target. All three of the car dealers that SunTrust reviewed today currently sell at, below, or very near to their lowest forward P/E ratios of the last 10 years. |
28816.0 | 2018-07-24 00:00:00 UTC | Asbury Automotive Group (ABG) Q2 Earnings and Revenues Beat Estimates | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-abg-q2-earnings-and-revenues-beat-estimates-2018-07-24 | nan | nan | Asbury Automotive Group (ABG) just came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this auto dealership chain would post earnings of $1.83 per share when it actually produced earnings of $1.93, delivering a surprise of 5.46%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.72 billion for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 1.88%. This compares to year-ago revenues of $1.63 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Asbury Automotive shares have added about 8.4% since the beginning of the year versus the S&P 500's gain of 5%.
What's Next for Asbury Automotive?
While Asbury Automotive has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Asbury Automotive was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.88 on $1.72 billion in revenues for the coming quarter and $7.70 on $6.62 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG) just came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.95 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG) just came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.95 per share. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.72 billion for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 1.88%. | Asbury Automotive Group (ABG) just came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.95 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $1.72 billion for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 1.88%. | Asbury Automotive Group (ABG) just came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.95 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. |
28817.0 | 2018-07-03 00:00:00 UTC | 5 Broker-Friendly Stocks to Brave Escalating Trade War Fears | ABG | https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-brave-escalating-trade-war-fears-2018-07-03 | nan | nan | The possibility of an all-out trade war between the world's two biggest economies - United States and China - has resulted in markets being volatile of late. President Trump imposed steep tariffs on China with the threat of more to come if China decides to retaliate.
In fact, it is not only China but fears pertaining to a global trade war that have gripped investors. In June, President Trump attacked Canada and other U.S. allies on this front through a series of tweets. After the EU announced that from Jun 22 import tariffs of more than $3.2 billion will be levied on a variety of American products, Trump retaliated with auto tariffs.
Trade wars are certainly not good for the economy and squeeze corporate profit margins. Consequently, this ongoing trade tension is weighing on investors' risk appetite.
Broker Advice- The Way to Go in this Scenario
In view of the prevalent uncertainty, the task of building a portfolio of stocks for handsome returns is by no means an easy task. Furthermore, with a huge number of stocks present in the market at any point of time, spotting potential outperformers is tough for individual investors. In the absence of proper guidance, identifying a winning stock is akin to searching for 'a needle in a haystack'.
Additionally, with time at a premium these days, it is next to impossible for investors to go through the extensive process. Given this backdrop, it is in the best interest of investors to seek guidance from "experts in the field." The concerned experts are brokers.
Brokers have a deeper insight into what's happening in a particular company along with better understanding of the overall sector and the industry.
To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Direction of Earnings Estimates: An Invaluable Guide
Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Estimate revisions serve as an important pointer regarding the price of a stock.
For example, an earnings outperformance by a company generally leads to upward estimate revisions with prices moving north. Similarly, lackluster earnings often lead to stock price depreciation. Investors tend to be guided by the direction of estimate revisions and stock price while formulating their investment strategy.
Making the Most of Broker Guidance
The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions in earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it has been included. The price/sales ratio takes care of the company's top line, making the strategy effective.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last four weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past four weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This eliminates the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
Asbury Automotive Group, Inc.ABG : This automotive retailer is based in Duluth, GA and carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings improved 0.9% over the last 60 days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Oklahoma-based Chesapeake Energy CorporationCHK is an independent oil and gas company engaged in the acquisition, development, and production of onshore U.S. natural gas resources.The stock carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for current-year earnings improved 5.2% over the last 60 days.
Based in Los Angeles, CA, KB HomeKBH is a well-known homebuilder in the United States. This Zacks Rank #3 company has an impressive history with respect to earnings per share. It outshined the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 16.8%.
American Axle & Manufacturing Holdings, Inc.AXL designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings increased 4.3% in the last 60-day period.
Cooper Tire & Rubber CompanyCTB , headquartered in Findlay, OH, manufactures and markets tires and related products. The stock carries a Zacks Rank #3. The company's expected EPS growth rate for three to five years currently stands at 4%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report
KB Home (KBH): Free Stock Analysis Report
Chesapeake Energy Corporation (CHK): Free Stock Analysis Report
Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc.ABG : This automotive retailer is based in Duluth, GA and carries a Zacks Rank #2 (Buy). Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Chesapeake Energy Corporation (CHK): Free Stock Analysis Report Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. The possibility of an all-out trade war between the world's two biggest economies - United States and China - has resulted in markets being volatile of late. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Chesapeake Energy Corporation (CHK): Free Stock Analysis Report Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc.ABG : This automotive retailer is based in Duluth, GA and carries a Zacks Rank #2 (Buy). Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions in earnings estimates over the last four weeks. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Chesapeake Energy Corporation (CHK): Free Stock Analysis Report Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc.ABG : This automotive retailer is based in Duluth, GA and carries a Zacks Rank #2 (Buy). Direction of Earnings Estimates: An Invaluable Guide Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Chesapeake Energy Corporation (CHK): Free Stock Analysis Report Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc.ABG : This automotive retailer is based in Duluth, GA and carries a Zacks Rank #2 (Buy). Making the Most of Broker Guidance The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. |
28818.0 | 2018-06-26 00:00:00 UTC | Top Ranked Value Stocks to Buy for June 26th | ABG | https://www.nasdaq.com/articles/top-ranked-value-stocks-to-buy-for-june-26th-2018-06-26 | nan | nan | Here are four stocks with buy rank and strong value characteristics for investors to consider today, June 26th:
Nutrisystem, Inc. (NTRI) : This weight management services provider has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days .
NutriSystem Inc Price and Consensus
NutriSystem Inc price-consensus-chart | NutriSystem Inc Quote
Nutrisystem has a price-to-earnings ratio (P/E) of 18.03 compared with 18.60 for the industry. The company possesses a Value Score of A.
NutriSystem Inc PE Ratio (TTM)
NutriSystem Inc pe-ratio-ttm | NutriSystem Inc Quote
InsightEnterprises, Inc. (NSIT) : This IT services provider has a Zacks Rank #1 (Strong Buy) and seen the Zacks Consensus Estimate for its current year earnings rising 10.6% over the last 60 days.
Insight Enterprises, Inc. Price and Consensus
Insight Enterprises, Inc. price-consensus-chart | Insight Enterprises, Inc. Quote
Insight has a price-to-earnings ratio (P/E) of 11.23, compared with 18.60 for the industry. The company possesses a Value Score of A.
Insight Enterprises, Inc. PE Ratio (TTM)
Insight Enterprises, Inc. pe-ratio-ttm | Insight Enterprises, Inc. Quote
Group 1 Automotive, Inc. (GPI) : This automotive retail company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings rising 2.1% over the last 60 days.
Group 1 Automotive, Inc. Price and Consensus
Group 1 Automotive, Inc. price-consensus-chart | Group 1 Automotive, Inc. Quote
Group 1 has a price-to-earnings ratio (P/E) of 8.27, compared with 13.40 for the industry. The company possesses a Value Score of A.
Group 1 Automotive, Inc. PE Ratio (TTM)
Group 1 Automotive, Inc. pe-ratio-ttm | Group 1 Automotive, Inc. Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury has a price-to-earnings ratio (P/E) of 9.29, compared with 13.40 for the industry. The company possesses a Value Score of A.
Asbury Automotive Group, Inc. PE Ratio (TTM)
Asbury Automotive Group, Inc. pe-ratio-ttm | Asbury Automotive Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Value score and how it is calculated here .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NutriSystem Inc (NTRI): Free Stock Analysis Report
Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Group 1 Automotive, Inc. PE Ratio (TTM) Group 1 Automotive, Inc. pe-ratio-ttm | Group 1 Automotive, Inc. Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong value characteristics for investors to consider today, June 26th: Nutrisystem, Inc. (NTRI) : This weight management services provider has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days . | Group 1 Automotive, Inc. PE Ratio (TTM) Group 1 Automotive, Inc. pe-ratio-ttm | Group 1 Automotive, Inc. Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Insight Enterprises, Inc. PE Ratio (TTM) Insight Enterprises, Inc. pe-ratio-ttm | Insight Enterprises, Inc. Quote Group 1 Automotive, Inc. (GPI) : This automotive retail company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings rising 2.1% over the last 60 days. | Group 1 Automotive, Inc. PE Ratio (TTM) Group 1 Automotive, Inc. pe-ratio-ttm | Group 1 Automotive, Inc. Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Insight Enterprises, Inc. PE Ratio (TTM) Insight Enterprises, Inc. pe-ratio-ttm | Insight Enterprises, Inc. Quote Group 1 Automotive, Inc. (GPI) : This automotive retail company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings rising 2.1% over the last 60 days. | Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Group 1 Automotive, Inc. PE Ratio (TTM) Group 1 Automotive, Inc. pe-ratio-ttm | Group 1 Automotive, Inc. Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. The company possesses a Value Score of A. Asbury Automotive Group, Inc. PE Ratio (TTM) Asbury Automotive Group, Inc. pe-ratio-ttm | Asbury Automotive Group, Inc. Quote See the full list of top ranked stocks here Learn more about the Value score and how it is calculated here . |
28819.0 | 2018-06-26 00:00:00 UTC | Top Ranked Growth Stocks to Buy for June 26th | ABG | https://www.nasdaq.com/articles/top-ranked-growth-stocks-to-buy-for-june-26th-2018-06-26 | nan | nan | Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 26th:
Xcerra Corporation (XCRA): This test and handling capital equipment provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4% over the last 60 days.
Xcerra Corporation Price and Consensus
Xcerra Corporation price-consensus-chart | Xcerra Corporation Quote
Xcerra has a PEG ratio of 1.12, compared with 1.92 for the industry. The company possesses a Growth Score of A.
Xcerra Corporation PEG Ratio (TTM)
Xcerra Corporation peg-ratio-ttm | Xcerra Corporation Quote
International Paper Company (IP): This paper and packaging company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2.8% over the last 60 days.
International Paper Company Price and Consensus
International Paper Company price-consensus-chart | International Paper Company Quote
International Paper's has a PEG ratio of 1.09, compared with 1.55 for the industry. The company possesses a Growth Score of A.
International Paper Company PEG Ratio (TTM)
International Paper Company peg-ratio-ttm | International Paper Company Quote
Cementos Pacasmayo S.A.A. (CPAC): This cement company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 1.8% over the last 60 days.
Cementos Pacasmayo S.A.A. Price and Consensus
Cementos Pacasmayo S.A.A. price-consensus-chart | Cementos Pacasmayo S.A.A. Quote
Cementos' has a PEG ratio of 0.71, compared with 0.72 for the industry. The company possesses a Growth Score of A.
Cementos Pacasmayo S.A.A. PEG Ratio (TTM)
Cementos Pacasmayo S.A.A. peg-ratio-ttm | Cementos Pacasmayo S.A.A. Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury has a PEG ratio of 1.03, compared with 1.38 for the industry. The company possesses a Growth Score of B.
Asbury Automotive Group, Inc. PEG Ratio (TTM)
Asbury Automotive Group, Inc. peg-ratio-ttm | Asbury Automotive Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Growth score and how it is calculated here .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcerra Corporation (XCRA): Free Stock Analysis Report
International Paper Company (IP): Free Stock Analysis Report
Cementos Pacasmayo S.A.A. (CPAC): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. (CPAC): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 26th: Xcerra Corporation (XCRA): This test and handling capital equipment provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4% over the last 60 days. | Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. (CPAC): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Growth Score of A. Xcerra Corporation PEG Ratio (TTM) Xcerra Corporation peg-ratio-ttm | Xcerra Corporation Quote International Paper Company (IP): This paper and packaging company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2.8% over the last 60 days. | Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. (CPAC): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Growth Score of A. Xcerra Corporation PEG Ratio (TTM) Xcerra Corporation peg-ratio-ttm | Xcerra Corporation Quote International Paper Company (IP): This paper and packaging company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2.8% over the last 60 days. | Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. (CPAC): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 26th: Xcerra Corporation (XCRA): This test and handling capital equipment provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4% over the last 60 days. |
28820.0 | 2018-06-25 00:00:00 UTC | Top Ranked Value Stocks to Buy for June 25th | ABG | https://www.nasdaq.com/articles/top-ranked-value-stocks-to-buy-for-june-25th-2018-06-25 | nan | nan | Here are four stocks with buy rank and strong value characteristics for investors to consider today, June 25th:
Iconix Brand Group, Inc. (ICON) : This brand management company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings advancing 14.3% over the last 60 days.
Iconix Brand Group, Inc. Price and Consensus
Iconix Brand Group, Inc. price-consensus-chart | Iconix Brand Group, Inc. Quote
Iconix Brand has a price-to-earnings ratio (P/E) of 1.67 compared with 16.80 for the industry. The company possesses a Value Score of A.
Iconix Brand Group, Inc. PE Ratio (TTM)
Iconix Brand Group, Inc. pe-ratio-ttm | Iconix Brand Group, Inc. Quote
Xerox Corporation (XRX) : This developer of document management systems has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days.
Xerox Corporation Price and Consensus
Xerox Corporation price-consensus-chart | Xerox Corporation Quote
Xerox has a price-to-earnings ratio (P/E) of 7.56, compared with 22.80 for the industry. The company possesses a Value Score of A.
Xerox Corporation PE Ratio (TTM)
Xerox Corporation pe-ratio-ttm | Xerox Corporation Quote
ArcelorMittal (MT) : This steel company has a Zacks Rank #1 (Strong Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 23.3% over the last 60 days.
ArcelorMittal Price and Consensus
ArcelorMittal price-consensus-chart | ArcelorMittal Quote
ArcelorMittal has a price-to-earnings ratio (P/E) of 7.19, compared with 11.60 for the industry. The company possesses a Value Score of A.
ArcelorMittal PE Ratio (TTM)
ArcelorMittal pe-ratio-ttm | ArcelorMittal Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury has a price-to-earnings ratio (P/E) of 9.57, compared with 13.60 for the industry. The company possesses a Value Score of A.
Asbury Automotive Group, Inc. PE Ratio (TTM)
Asbury Automotive Group, Inc. pe-ratio-ttm | Asbury Automotive Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Value score and how it is calculated here .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xerox Corporation (XRX): Free Stock Analysis Report
ArcelorMittal (MT): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Value Score of A. ArcelorMittal PE Ratio (TTM) ArcelorMittal pe-ratio-ttm | ArcelorMittal Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Xerox Corporation (XRX): Free Stock Analysis Report ArcelorMittal (MT): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong value characteristics for investors to consider today, June 25th: Iconix Brand Group, Inc. (ICON) : This brand management company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings advancing 14.3% over the last 60 days. | Click to get this free report Xerox Corporation (XRX): Free Stock Analysis Report ArcelorMittal (MT): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Value Score of A. ArcelorMittal PE Ratio (TTM) ArcelorMittal pe-ratio-ttm | ArcelorMittal Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. The company possesses a Value Score of A. Iconix Brand Group, Inc. PE Ratio (TTM) Iconix Brand Group, Inc. pe-ratio-ttm | Iconix Brand Group, Inc. Quote Xerox Corporation (XRX) : This developer of document management systems has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days. | The company possesses a Value Score of A. ArcelorMittal PE Ratio (TTM) ArcelorMittal pe-ratio-ttm | ArcelorMittal Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Xerox Corporation (XRX): Free Stock Analysis Report ArcelorMittal (MT): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Value Score of A. Iconix Brand Group, Inc. PE Ratio (TTM) Iconix Brand Group, Inc. pe-ratio-ttm | Iconix Brand Group, Inc. Quote Xerox Corporation (XRX) : This developer of document management systems has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days. | The company possesses a Value Score of A. ArcelorMittal PE Ratio (TTM) ArcelorMittal pe-ratio-ttm | ArcelorMittal Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Xerox Corporation (XRX): Free Stock Analysis Report ArcelorMittal (MT): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong value characteristics for investors to consider today, June 25th: Iconix Brand Group, Inc. (ICON) : This brand management company has a Zacks Rank #2 (Buy) and seen the Zacks Consensus Estimate for its current year earnings advancing 14.3% over the last 60 days. |
28821.0 | 2018-06-25 00:00:00 UTC | Top Ranked Growth Stocks to Buy for June 25th | ABG | https://www.nasdaq.com/articles/top-ranked-growth-stocks-to-buy-for-june-25th-2018-06-25 | nan | nan | Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 25th:
Western Digital Corporation (WDC): This seller of data storage devices, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2% over the last 60 days.
Western Digital Corporation Price and Consensus
Western Digital Corporation price-consensus-chart | Western Digital Corporation Quote
Western Digital has a PEG ratio of 0.31, compared with 0.51 for the industry. The company possesses a Growth Score of A.
Western Digital Corporation PEG Ratio (TTM)
Western Digital Corporation peg-ratio-ttm | Western Digital Corporation Quote
Dillard's, Inc. (DDS): This retail department stores operator, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.
Dillard's, Inc. Price and Consensus
Dillard's, Inc. price-consensus-chart | Dillard's, Inc. Quote
Dillard's has a PEG ratio of 1.51, compared with 9.95 for the industry. The company possesses a Growth Score of A.
Dillard's, Inc. PEG Ratio (TTM)
Dillard's, Inc. peg-ratio-ttm | Dillard's, Inc. Quote
Domino's Pizza, Inc. (DPZ): This pizza delivery company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
Domino's Pizza Inc Price and Consensus
Domino's Pizza Inc price-consensus-chart | Domino's Pizza Inc Quote
Domino's Pizza has a PEG ratio of 1.84, compared with 2.68 for the industry. The company possesses a Growth Score of A.
Domino's Pizza Inc PEG Ratio (TTM)
Domino's Pizza Inc peg-ratio-ttm | Domino's Pizza Inc Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury has a PEG ratio of 1.06, compared with 1.40 for the industry. The company possesses a Growth Score of B.
Asbury Automotive Group, Inc. PEG Ratio (TTM)
Asbury Automotive Group, Inc. peg-ratio-ttm | Asbury Automotive Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Growth score and how it is calculated here .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Western Digital Corporation (WDC): Free Stock Analysis Report
Domino's Pizza Inc (DPZ): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Growth Score of A. Domino's Pizza Inc PEG Ratio (TTM) Domino's Pizza Inc peg-ratio-ttm | Domino's Pizza Inc Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 25th: Western Digital Corporation (WDC): This seller of data storage devices, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2% over the last 60 days. | The company possesses a Growth Score of A. Domino's Pizza Inc PEG Ratio (TTM) Domino's Pizza Inc peg-ratio-ttm | Domino's Pizza Inc Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Growth Score of A. Dillard's, Inc. PEG Ratio (TTM) Dillard's, Inc. peg-ratio-ttm | Dillard's, Inc. Quote Domino's Pizza, Inc. (DPZ): This pizza delivery company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days. | The company possesses a Growth Score of A. Domino's Pizza Inc PEG Ratio (TTM) Domino's Pizza Inc peg-ratio-ttm | Domino's Pizza Inc Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Western Digital Corporation PEG Ratio (TTM) Western Digital Corporation peg-ratio-ttm | Western Digital Corporation Quote Dillard's, Inc. (DDS): This retail department stores operator, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. | The company possesses a Growth Score of A. Domino's Pizza Inc PEG Ratio (TTM) Domino's Pizza Inc peg-ratio-ttm | Domino's Pizza Inc Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 25th: Western Digital Corporation (WDC): This seller of data storage devices, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2% over the last 60 days. |
28822.0 | 2018-06-18 00:00:00 UTC | Should Value Investors Pick Asbury Automotive (ABG) Stock? | ABG | https://www.nasdaq.com/articles/should-value-investors-pick-asbury-automotive-abg-stock-2018-06-18 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury Automotive has a trailing twelve months PE ratio of 10.8, as you can see in the chart below:
We should also point out that Asbury Automotive has a forward PE ratio (price relative to this year's earnings) of just 9.4, so it is fair to say that a slightly more value-oriented path may be ahead for Asbury Automotive's stock in the near term too.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury Automotive has a P/S ratio of about 0.2. This is significantly lower than the S&P 500 average, which comes in at 3.4 right now. Also, as we can see in the chart below, this is somewhat below the highs for this stock in particular over the past few years.
If anything, this suggests some level of undervalued trading-at least compared to historical norms.
Broad Value Outlook
In aggregate, Asbury Automotive currently has a Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the P/CF ratio (another great indicator of value) comes in at 8.1, which is marginally better than the industry average of 8.2. Clearly, ABG is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Asbury Automotive might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of B and a Momentum score of A. This gives ABG a VGM score-or its overarching fundamental grade-of A. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been encouraging. The current quarter has seen three estimates go higher in the past sixty days, compared to none lower, while the full year estimate has seen six upward and no downward revisions in the same time period.
This has had a favorable impact on the consensus estimate, as the current quarter consensus estimate has risen about 4.8% in the past two months, while the full year estimate has increased 4.7%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. Price and Consensus | Asbury Automotive Group, Inc. Quote
This favorable trend is why the stock has just a Zacks Rank #2 (Buy) and why we are looking for better performance from the company in the near term.
Bottom Line
Asbury Automotive is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. With a formidable industry rank (top 4% out of more than 250 industries) and strong Zacks Rank, Asbury Automotive looks like a strong value contender. In fact, over the past one year, the sector has clearly outperformed the broader market, as you can see below:
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This makes ABG a solid choice for value investors, and some of its other key metrics make this pretty clear too. Clearly, ABG is a solid choice on the value front from multiple angles. |
28823.0 | 2018-06-15 00:00:00 UTC | Top Ranked Momentum Stocks to Buy for June 15th | ABG | https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-june-15th-2018-06-15 | nan | nan | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 15th:
AsburyAutomotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.9% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury's shares gained 4.3% over the last one month more than S&P 500's gain of 1.8%. The company possesses a Momentum Score of B.
Asbury Automotive Group, Inc. Price
Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote
ABIOMED, Inc. (ABMD): This developer and seller has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 8.4% over the last 60 days.
ABIOMED, Inc. Price and Consensus
ABIOMED, Inc. price-consensus-chart | ABIOMED, Inc. Quote
Anadarko Petroleum's shares gained 15.6% over the last one month. The company possesses a Momentum Score of B.
ABIOMED, Inc. Price
ABIOMED, Inc. price | ABIOMED, Inc. Quote
AcelRx Pharmaceuticals, Inc. (ACRX): This operator of a specialty pharmaceutical company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 17.4% over the last 60 days.
AcelRx Pharmaceuticals, Inc. Price and Consensus
AcelRx Pharmaceuticals, Inc. price-consensus-chart | AcelRx Pharmaceuticals, Inc. Quote
Altair's shares gained 40.2% over the last one month. The company possesses a Momentum Score of B.
AcelRx Pharmaceuticals, Inc. Price
AcelRx Pharmaceuticals, Inc. price | AcelRx Pharmaceuticals, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here .
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report
ABIOMED, Inc. (ABMD): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 15th: AsburyAutomotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.9% over the last 60 days. Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote ABIOMED, Inc. (ABMD): This developer and seller has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 8.4% over the last 60 days. | Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 15th: AsburyAutomotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.9% over the last 60 days. Asbury Automotive Group, Inc. Price and Consensus Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote Asbury's shares gained 4.3% over the last one month more than S&P 500's gain of 1.8%. | Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 15th: AsburyAutomotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.9% over the last 60 days. The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote ABIOMED, Inc. (ABMD): This developer and seller has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 8.4% over the last 60 days. | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 15th: AsburyAutomotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.9% over the last 60 days. Click to get this free report AcelRx Pharmaceuticals, Inc. (ACRX): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc. Price and Consensus Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote Asbury's shares gained 4.3% over the last one month more than S&P 500's gain of 1.8%. |
28824.0 | 2018-05-24 00:00:00 UTC | Williams-Sonoma (WSM) Gains on Q1 Earnings Beat & Solid View | ABG | https://www.nasdaq.com/articles/williams-sonoma-wsm-gains-on-q1-earnings-beat-solid-view-2018-05-24 | nan | nan | Shares of Williams-Sonoma Inc.WSM have rallied more than 14% in after-hour trading on May 23, following better-than-expected results in the first quarter of fiscal 2018.
Adjusted earnings of 67 cents per share surpassed the Zacks Consensus Estimate of 57 cents as well as the company's guided range of 55-60 cents. The figure also increased 31.4% from the year-ago level.
Revenue Discussion
Net revenues of $1,203 million came ahead of the consensus mark of $1,162 million and increased 8.2% year over year.
Comparable brand revenues increased 5.5% in the quarter, better than 3.4% increase recorded in the preceding quarter and 0.1% growth in the year-ago quarter. The improvement was driven by broad-based strength across all its brands.
The company's namesake brand's comparable brand revenues were up 5.6%, higher than 3.2% growth registered in the prior-year quarter. West Elm's comparable brand revenues increased 9% compared with a 6% rise in the prior-year quarter.
Pottery Barn's comparable brand revenues were up 2.7% against a 1.4% decline in the prior-year quarter. Pottery Barn Kids and Teen's comparable brand revenues increased 5.3% against 8% decline in the year-ago quarter. Notably, effective fiscal first quarter, the performance of the Pottery Barn Kids and PBteen brands is being reported on a combined basis as Pottery Barn Kids and Teen.
Williams-Sonoma, Inc. Price, Consensus and EPS Surprise
Williams-Sonoma, Inc. Price, Consensus and EPS Surprise | Williams-Sonoma, Inc. Quote
Segment Details
e-commerce (accounting for 52.2% of fiscal first-quarter revenues): The segment reported net revenues of $646.2 million in the quarter, up 11.3% year over year.
Retail (47.8%): The segment reported net revenues of $556.8 million in the reported quarter, up 4.9% from the prior-year quarter.
Operating Highlights
Non-GAAP operating margin was 6.3% in the quarter, up 20 basis points (bps) from the year-ago quarter. Adjusted gross margin was 36%, up 40 bps from the year-ago figure.
Adjusted selling, general and administrative (SG&A) expenses were 29.7% of the net revenues or $358 million in the quarter, reflecting an increase of 20 bps year over year owing to the adoption of the new accounting standard.
Merchandise inventories at the end of the quarter increased 1.5% to $1,053 million from the prior-year quarter.
Financials
Williams-Sonoma had cash and cash equivalents of $290.2 million as of Apr 29, 2018 compared with $390.1 million as of Jan 28, 2018.
During fiscal second quarter, the company repurchased 732,000 shares of common stock at an average cost of $51.53 per share and a total cost of approximately $38 million. Williams-Sonoma has approximately $481 million remaining under its present stock repurchase authorization, as of Apr 29, 2018.
Fiscal Second-Quarter Guidance
Williams-Sonoma expects non-GAAP earnings per share for the second quarter in the band of 65-70 cents.
The company expects net revenues within the range of $1,250-$1,275 million. Comparable brand revenues are likely to grow 3-5%.
Fiscal 2018 Guidance
The company now expects revenues in the $5,495-$5,655 million range (versus $5,475-$5,635 million expected earlier). Comparable brand revenues are reaffirmed to grow in the range of 2-5%.
Williams-Sonoma now expects non-GAAP earnings within $4.15-$4.25 versus $4.12-$4.22 per share projected earlier.
Non-GAAP operating margin is maintained in the 8.2-9% range and tax rate between 24% and 26%.
Capital expenditures are projected in the $200-$220 million band for the year.
Zacks Rank & Stocks to Consider
Williams-Sonoma carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Retail-Wholesale sector are Dillard's, Inc. DDS , Kohl's Corporation KSS and Asbury Automotive Group, Inc. ABG , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Earnings for Dillard's are expected to increase 26% this year.
Earnings for Kohl's are expected to increase 25.5% this fiscal.
Asbury Automotive's earnings growth in 2018 is expected to be 26.7%.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the Retail-Wholesale sector are Dillard's, Inc. DDS , Kohl's Corporation KSS and Asbury Automotive Group, Inc. ABG , each carrying a Zacks Rank #2 (Buy). Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Fiscal Second-Quarter Guidance Williams-Sonoma expects non-GAAP earnings per share for the second quarter in the band of 65-70 cents. | Some better-ranked stocks in the Retail-Wholesale sector are Dillard's, Inc. DDS , Kohl's Corporation KSS and Asbury Automotive Group, Inc. ABG , each carrying a Zacks Rank #2 (Buy). Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Williams-Sonoma, Inc. Price, Consensus and EPS Surprise Williams-Sonoma, Inc. Price, Consensus and EPS Surprise | Williams-Sonoma, Inc. Quote Segment Details e-commerce (accounting for 52.2% of fiscal first-quarter revenues): The segment reported net revenues of $646.2 million in the quarter, up 11.3% year over year. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Retail-Wholesale sector are Dillard's, Inc. DDS , Kohl's Corporation KSS and Asbury Automotive Group, Inc. ABG , each carrying a Zacks Rank #2 (Buy). Comparable brand revenues increased 5.5% in the quarter, better than 3.4% increase recorded in the preceding quarter and 0.1% growth in the year-ago quarter. | Some better-ranked stocks in the Retail-Wholesale sector are Dillard's, Inc. DDS , Kohl's Corporation KSS and Asbury Automotive Group, Inc. ABG , each carrying a Zacks Rank #2 (Buy). Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable brand revenues increased 5.5% in the quarter, better than 3.4% increase recorded in the preceding quarter and 0.1% growth in the year-ago quarter. |
28825.0 | 2018-05-17 00:00:00 UTC | Top Ranked Momentum Stocks to Buy for May 17th | ABG | https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-may-17th-2018-05-17 | nan | nan | Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 17th:
Atlas Air Worldwide Holdings, Inc. (AAWW): This provider of aviation services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 52.6% over the last 60 days.
Atlas Air Worldwide Holdings Price and Consensus
Atlas Air Worldwide Holdings price-consensus-chart | Atlas Air Worldwide Holdings Quote
Atlas Air's shares gained 8.8% over the last one month more than S&P 500's gain of 0.5%. The company possesses a Momentum Score of A.
Atlas Air Worldwide Holdings Price
Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote
Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury Automotive's shares gained 2.2% over the last one month. The company possesses a Momentum Score of B.
Asbury Automotive Group, Inc. Price
Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote
Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days.
Arbor Realty Trust Price and Consensus
Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote
Arbor Realty's shares gained 14.4% over the last one month. The company possesses a Momentum Score of A.
Arbor Realty Trust Price
Arbor Realty Trust price | Arbor Realty Trust Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 17th: Atlas Air Worldwide Holdings, Inc. (AAWW): This provider of aviation services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 52.6% over the last 60 days. | The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. | The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. | Click to get this free report Arbor Realty Trust (ABR): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. Atlas Air Worldwide Holdings Price Atlas Air Worldwide Holdings price | Atlas Air Worldwide Holdings Quote Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. The company possesses a Momentum Score of B. Asbury Automotive Group, Inc. Price Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote Arbor Realty Trust, Inc. (ABR): This provider of financial management services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 30% over the last 60 days. |
28826.0 | 2018-04-17 00:00:00 UTC | Retail Sales Return to Positive Zone in March: 5 Top Picks | ABG | https://www.nasdaq.com/articles/retail-sales-return-positive-zone-march-5-top-picks-2018-04-17 | nan | nan | On Apr 16, the U.S. Commerce Department reported retail sales growth of 0.6% for the month of March reversing the trend of decline in last three consecutive months. The core retail sales also increased in March. This is a major positive since it closely corresponds to the consumer expenditure component of U.S. GDP.
Rebound in March retail sales can primarily be attributed to strong performance by auto dealers followed by Internet retailers, pharmacies, restaurants & bars and stores that sell home furnishings. Given that economic fundamentals remain strong, betting on retail segments which have performed well in overall sales makes for a smart choice.
Robust March Retail Sales Data
Retail sales increased 0.6% in March. This was in sharp contrast to a decline of 1% and 2% in February and January, respectively. The March data was also better than the consensus estimate of a gain of 0.4%. Moreover, retail sales jumped up 4.5% year over year in March 2018.
The core retail sales data which excludes sales figures of automobiles, gasoline, building materials and food services, increased 0.4% in March. The auto dealers posted 2% increase in sales, biggest gain since September 2017. Notably, U.S. consumer spending accounts for nearly two-thirds of its GDP.
Massive Tax Overhaul
President Donald Trump introduced a massive cut in personal taxes which will be effective from 2018 to 2025. According to the new law, the top rate falls from 39.6% to 37%. This is followed by other slabs like 33% bracket falls to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. Significant reduction in personal tax rate was a major boost to individual's disposable income.
Strong Consumer Sentiment
On Mar 27, the Conference Board reported U.S. consumer confidence data for the month of March. March's reading of 127.7 was the second highest since the November 2017 index of 128.6. Notably, the reading for March 2017 was just 124.9. Modest hikes in interest rates failed to discourage discretionary purchases by individuals since wages and take-home pay continue to rise.
Healthy Job Market
A strong labor market is acting as a major driver of economic growth. The unemployment rate remained at a 17-year low of 4.1% in March, while workers' hourly wages rose 8 cents, or 0.3%, to $26.82. In the first quarter of 2018, the labor market added 202,000 jobs on an average per month, better than the first quarter of previous two years.
Further, the Fed's projection for the labor market released in March has added a little extra sweetness to the economic scenario. The central banks projection has indicated that the U.S. labor market will maintain near full employment levels over 2018-2020.
Solid GDP Outlook
On Mar 21, the Fed raised GDP growth forecast for 2018 to 2.7% from 2.5% in December 2017. Likewise the 2019 GDP estimate has been hiked to 2.4% from 2.1% in December 2017. PCE inflation is projected at 1.9%, which is lower than the central bank's longer-run estimate of 2%.
Our Top Picks
A robust job market, massive tax cuts and solid economic data are likely to increase consumer spending in the months to come. Retail sales are likely to increase further once consumers feel the positive impact of tax cuts and increased government spending.
In anticipation, it makes good sense to buy stocks from those retail segments which performed well last month. We have narrowed down our search to the following stocks, each of which carries a Zacks Rank #1 (Strong Buy) and provides strong growth potential. You can see the complete list of today's Zacks #1 Rank stocks here .
Chart below depicts price performance of our five ptcks year to date.
Asbury Automotive Group Inc.ABG is one of the largest automotive retailers. It offers customers an extensive range of automotive products and services. Asbury has expected earnings growth of 17% for current year. The Zacks Consensus Estimate for the current year has improved by 6.8% over the last 60 days.
Movado Group Inc.MOV is one of the world's premier watchmakers. It designs, manufactures and distributes watches through ten most recognized and respected names. Movado has expected earnings growth of 12% for current year. The Zacks Consensus Estimate for the current year has improved by 16.7% over the last 60 days.
KAR Auction Services Inc.KAR it operates as a used vehicle and salvage auto auction company in North America through its subsidiaries. KAR Auction has expected earnings growth of 18.8% for current year. The Zacks Consensus Estimate for the current year has improved by 11.7% over the last 60 days.
DineEquity Inc.DIN is a full-service dining company. It operates and franchises restaurants under both the Applebee's Neighborhood Grill & Bar and IHOP brands. DineEquity has expected earnings growth of 22.7% for current year. The Zacks Consensus Estimate for the current year has improved by 21.5% over the last 60 days.
Ruth's Hospitality Group Inc.RUTH is the largest fine dining steakhouse-company in the United States. Ruth's Hospitality has expected earnings growth of 22.7% for current year. The Zacks Consensus Estimate for the current year has improved by 11.6% over the last 60 days.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion - more than a 3,800% increase in the previous 12 months. They're now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report
DineEquity, Inc (DIN): Free Stock Analysis Report
Movado Group Inc. (MOV): Free Stock Analysis Report
KAR Auction Services, Inc (KAR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group Inc.ABG is one of the largest automotive retailers. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Movado Group Inc. (MOV): Free Stock Analysis Report KAR Auction Services, Inc (KAR): Free Stock Analysis Report To read this article on Zacks.com click here. Modest hikes in interest rates failed to discourage discretionary purchases by individuals since wages and take-home pay continue to rise. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Movado Group Inc. (MOV): Free Stock Analysis Report KAR Auction Services, Inc (KAR): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group Inc.ABG is one of the largest automotive retailers. Robust March Retail Sales Data Retail sales increased 0.6% in March. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Movado Group Inc. (MOV): Free Stock Analysis Report KAR Auction Services, Inc (KAR): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group Inc.ABG is one of the largest automotive retailers. Robust March Retail Sales Data Retail sales increased 0.6% in March. | Asbury Automotive Group Inc.ABG is one of the largest automotive retailers. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): Free Stock Analysis Report Movado Group Inc. (MOV): Free Stock Analysis Report KAR Auction Services, Inc (KAR): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, retail sales jumped up 4.5% year over year in March 2018. |
28827.0 | 2018-04-12 00:00:00 UTC | New Strong Buy Stocks for April 12th | ABG | https://www.nasdaq.com/articles/new-strong-buy-stocks-april-12th-2018-04-12 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Asbury Automotive Group, Inc. (ABG): This automotive retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Oasis Midstream Partners LP (OMP): This master limited partnership company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.
Oasis Midstream Partners LP Price and Consensus
price-consensus-chart | Quote
Willdan Group, Inc. (WLDN): This provider of professional technical and consulting services has seen the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.
Willdan Group, Inc. Price and Consensus
Willdan Group, Inc. price-consensus-chart | Willdan Group, Inc. Quote
Old Dominion Freight Line, Inc. (ODFL): This company that operates as a less-than-truckload (LTL) motor carrier has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.
Old Dominion Freight Line, Inc. Price and Consensus
Old Dominion Freight Line, Inc. price-consensus-chart | Old Dominion Freight Line, Inc. Quote
Pinnacle Foods Inc. (PF): This company that manufactures, markets, and distributes branded convenience food products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.
Pinnacle Foods Inc. Price and Consensus
Pinnacle Foods Inc. price-consensus-chart | Pinnacle Foods Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Willdan Group, Inc. (WLDN): Free Stock Analysis Report
Pinnacle Foods Inc. (PF): Free Stock Analysis Report
Oasis Midstream Partners LP (OMP): Free Stock Analysis Report
Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Asbury Automotive Group, Inc. (ABG): This automotive retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days. Click to get this free report Willdan Group, Inc. (WLDN): Free Stock Analysis Report Pinnacle Foods Inc. (PF): Free Stock Analysis Report Oasis Midstream Partners LP (OMP): Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Oasis Midstream Partners LP Price and Consensus price-consensus-chart | Quote Willdan Group, Inc. (WLDN): This provider of professional technical and consulting services has seen the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days. | Click to get this free report Willdan Group, Inc. (WLDN): Free Stock Analysis Report Pinnacle Foods Inc. (PF): Free Stock Analysis Report Oasis Midstream Partners LP (OMP): Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Asbury Automotive Group, Inc. (ABG): This automotive retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days. Asbury Automotive Group, Inc. Price and Consensus Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote Oasis Midstream Partners LP (OMP): This master limited partnership company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days. | Click to get this free report Willdan Group, Inc. (WLDN): Free Stock Analysis Report Pinnacle Foods Inc. (PF): Free Stock Analysis Report Oasis Midstream Partners LP (OMP): Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Asbury Automotive Group, Inc. (ABG): This automotive retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days. Asbury Automotive Group, Inc. Price and Consensus Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote Oasis Midstream Partners LP (OMP): This master limited partnership company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Asbury Automotive Group, Inc. (ABG): This automotive retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days. Click to get this free report Willdan Group, Inc. (WLDN): Free Stock Analysis Report Pinnacle Foods Inc. (PF): Free Stock Analysis Report Oasis Midstream Partners LP (OMP): Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Old Dominion Freight Line, Inc. Price and Consensus Old Dominion Freight Line, Inc. price-consensus-chart | Old Dominion Freight Line, Inc. Quote Pinnacle Foods Inc. (PF): This company that manufactures, markets, and distributes branded convenience food products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days. |
28828.0 | 2018-04-11 00:00:00 UTC | Add These 7 GARP Stocks to Enhance Your Portfolio Returns | ABG | https://www.nasdaq.com/articles/add-these-7-garp-stocks-to-enhance-your-portfolio-returns-2018-04-11 | nan | nan | Growth at a reasonable price or GARP is an excellent way for investors to make some quick gains. This strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount.
The GARP approach leads to the identification of stocks that are priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and so on.
That means a portfolio created on the basis of GARP strategy is expected to have stocks that offer the best of both value and growth investing.
Growth Metrics
Strong earnings growth and solid prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, picking stocks with a more stable and reasonable growth rate is a preferred tactic of GARP investors. Hence, growth rates between 10% and 20% are considered ideal under the strategy.
Another growth metric that is considered by both growth and GARP investors is return on equity (ROE). GARP investors look for strong and higher ROE compared to the industry average to identify superior stocks. Moreover, stocks with positive cash flow find precedence under the GARP plan.
Value Metrics
GARP investing gives priority to one of the popular value metrics - price-to-earnings (P/E) ratio. Though this investing style picks stocks with higher P/E ratios compared to value investors, it avoids companies with extremely high P/E ratios. Moreover, the price-to-book value (P/B) ratio is another value metric that is considered.
Using the GARP principle, we have run a screen to identify stocks that are likely to offer solid returns in the near term.
Screening Parameters
Along with the criteria discussed in the above section, we have considered a favorable Zacks Rank #1 (Strong Buy) or 2 (Buy) .
Last 5-year EPS & projected 3-5 year EPS growth rates between 10% and 20% (Strong EPS growth history and prospects ensure improving business.)
ROE (over the past 12 months) greater than the industry average (Higher ROE compared to the industry average indicates superior stocks.)
P/E and P/B ratios less than M-industry average (P/E and P/B ratios less than that of the industry indicate that the stocks are undervalued.)
These few criteria have narrowed down the universe of over 7,700 stocks to only 13.
Here are seven of the 13 stocks that made it through the screen:
Grand Canyon Education, Inc.LOPE is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. This Zacks Rank #1 stock has delivered an average four-quarter earnings surprise of 12.3%.
VMware, Inc.VMW provides virtualization solutions from the desktop to the data center. The company delivered an average four-quarter positive earnings surprise of 3.8%. It sports a Zacks Rank #1.
PetMed Express, Inc.PETS is a leading nationwide pet pharmacy. This Zacks Rank #2 stock has come up with an average four-quarter earnings surprise of 32.9%.
Hill-Rom Holdings, Inc.HRC traces its roots back to 1929 when William A. Hillenbrand formed the company as a division of Hillenbrand Industries. At that time, the company was focused on developing innovative beds and furnishings for hospital patient rooms. Now, after nearly 18 years, Hill-Rom leads the way as an innovator in the medical technology field developing solutions that enhance outcomes for patients and their caregivers. The company pulled off an average four-quarter positive earnings surprise of 7.9%. It carries a Zacks Rank #2.
Universal Health Services, Inc.UHS is one of the nation's largest and most respected healthcare management companies, operating through its subsidiaries, behavioral health facilities, acute care hospitals and ambulatory centers throughout the United States, the United Kingdom and Puerto Rico. The Zacks Rank #2 stock delivered a positive earnings surprise of 8.7% last quarter.
Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers. Last quarter, the stock came up with a positive earnings surprise of 13.1%. Asbury Automotive has a Zacks Rank #2.
inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits and wafers. The Zacks Rank #2 stock delivered a positive earnings surprise of 121.4% last quarter.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
PetMed Express, Inc. (PETS): Free Stock Analysis Report
Vmware, Inc. (VMW): Free Stock Analysis Report
inTest Corporation (INTT): Free Stock Analysis Report
Hill-Rom Holdings, Inc. (HRC): Free Stock Analysis Report
Universal Health Services, Inc. (UHS): Free Stock Analysis Report
Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report PetMed Express, Inc. (PETS): Free Stock Analysis Report Vmware, Inc. (VMW): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report Hill-Rom Holdings, Inc. (HRC): Free Stock Analysis Report Universal Health Services, Inc. (UHS): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report To read this article on Zacks.com click here. The GARP approach leads to the identification of stocks that are priced below the market or any reasonable target determined by fundamental analysis. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report PetMed Express, Inc. (PETS): Free Stock Analysis Report Vmware, Inc. (VMW): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report Hill-Rom Holdings, Inc. (HRC): Free Stock Analysis Report Universal Health Services, Inc. (UHS): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers. GARP investors look for strong and higher ROE compared to the industry average to identify superior stocks. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report PetMed Express, Inc. (PETS): Free Stock Analysis Report Vmware, Inc. (VMW): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report Hill-Rom Holdings, Inc. (HRC): Free Stock Analysis Report Universal Health Services, Inc. (UHS): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers. This Zacks Rank #1 stock has delivered an average four-quarter earnings surprise of 12.3%. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report PetMed Express, Inc. (PETS): Free Stock Analysis Report Vmware, Inc. (VMW): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report Hill-Rom Holdings, Inc. (HRC): Free Stock Analysis Report Universal Health Services, Inc. (UHS): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Metrics Strong earnings growth and solid prospects are the main concepts that GARP investors borrow from the growth investing strategy. |
28829.0 | 2018-03-01 00:00:00 UTC | Validea Joel Greenblatt Strategy Daily Upgrade Report - 3/1/2018 | ABG | https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-312018-2018-03-01 | nan | nan | The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt . This value model looks for companies with high return on capital and earnings yields.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt changed from 0% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
MERCK & CO., INC. ( MRK ) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Joel Greenblatt changed from 0% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Merck & Co., Inc. is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. Human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. The Company sells its human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed healthcare providers, such as health maintenance organizations, pharmacy benefit managers and other institutions. Vaccine products consist of preventive pediatric, adolescent and adult vaccines, primarily administered at physician offices.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONNELLEY FINANCIAL SOLUTIONS INC ( DFIN ) is a small-cap growth stock in the Business Services industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donnelley Financial Solutions, Inc. is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers. The Company provides content management, multi-channel content distribution, data management and analytics services, collaborative workflow and business reporting tools, and translations and other language services in support of its clients' communications requirements. The Company operates in two business segments: United States and International. The United States segment consists of three reporting units: capital markets, investment markets, and language solutions and other. The International segment includes its operations in Asia, Europe, Latin America and Canada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joel Greenblatt has returned 121.87% vs. 113.04% for the S&P 500. For more details on this strategy, click here
About Joel Greenblatt : In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Company Description: Donnelley Financial Solutions, Inc. is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt . The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. |
28830.0 | 2018-02-27 00:00:00 UTC | Is Asbury Automotive (ABG) a Great Stock for Value Investors? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-abg-a-great-stock-for-value-investors-2018-02-27 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury Automotive has a trailing twelve months PE ratio of 10.7, as you can see in the chart below:
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury Automotive has a P/S ratio of about 0.2. This is a bit lower than the S&P 500 average, which comes in at 3.5x right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Asbury Automotive currently has a Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Asbury Automotive a solid choice for value investors.
What About the Stock Overall?
Though Asbury Automotive might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of A and a Momentum Score of A. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of A. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been mixed at best. The current quarter has seen one estimate go higher in the past sixty days, while the full year estimate has seen four up and two down in the same time period.
This has had just a small impact on the consensus estimate though as the current quarter consensus estimate has risen by 16.4% in the past two months, while the full year estimate has increased 15.1%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. Price and Consensus | Asbury Automotive Group, Inc. Quote
This positive trend signifies bullish analyst sentiment, and its Zacks Rank #2 (Buy) indicates robust fundamentals and expectations of outperformance in the near term.
Bottom Line
Asbury Automotive is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Further, a solid industry rank (among Top 1% of more than 250 industries) and a Zacks Rank #1, instill investor confidence on the stock. However, over the past two years, the broader industry has clearly underperformed the market at large, as you can see below:
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of A. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of A. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. |
28831.0 | 2018-02-27 00:00:00 UTC | Beacon Roofing (BECN) Rides on Tax Reform & Acquisitions | ABG | https://www.nasdaq.com/articles/beacon-roofing-becn-rides-on-tax-reform-acquisitions-2018-02-27 | nan | nan | On Feb 26, we issued an updated research report on Beacon Roofing Supply, Inc.BECN . The company is poised to gain from the tax reform, favorable pricing trends and a likely stronger demand contribution from hurricanes. Further, the acquisition of Allied Building Products will reinforce its roofing supplies business.
U.S. Tax Reform to Aid Beacon Roofing's Earnings
In fiscal 2018, Beacon Roofing is poised to benefit from the tax reform. The company estimates that changes to the U.S. federal rate will reduce its long-term effective tax rate from the range of 38-39% to the range of 26-27%. The tax savings will be utilized to further improve the company's balance sheet, pursue additional growth avenues and invest in core business. Considering these factors, Beacon Roofing increased its adjusted EPS guidance for the fiscal to the range of $3.40-$3.70. This new range is 45 cents above the prior outlook, primarily reflecting the impact of the tax reform.
Hurricane-Demand Contribution to Drive Growth
Beacon Roofing maintained its revenue outlook range of $6.6-$6.9 billion for the fiscal. The company remains optimistic about annual revenues on the back of stellar first-quarter fiscal 2018 results and a likely stronger hurricane-demand contribution. The incremental demand contributions from hurricanes Harvey and Irma will be around $40 million for the fiscal, in which about 60% of the contribution will be from Florida and the remainder from Texas.
Favorable Pricing Remains a Tailwind
On the pricing front, Beacon Roofing stated that the company's overall pricing expanded 50-75 basis points during the fiscal first-quarter. Further, the company anticipates encouraging pricing trends in markets experiencing strong levels of demand.
Acquisition of Allied Building Products to Boost Results
Beacon Roofing's acquisition of Allied Building Products will reinforce the former's roofing supplies business. The buyout will also add a wallboard and acoustical ceiling-tile wholesale business to Beacon Roofing. The company has been quickly progressing toward the integration of the business, since the deal's closure. It remains committed to achieve $110 million in cost synergies within two years of accomplishment and the early signs are very positive across all areas of savings.
Share Price Performance
Beacon Roofing has underperformed its industry with respect to price performance over the past year due to competitive pricing pressures. The stock has gained around 18%, while the industry has recorded growth of 26% during the same time frame.
Zacks Rank & Other Stocks to Consider
Beacon Roofing currently carries a Zacks Rank #2 (Buy).
Some other similarly-ranked stocks in the same sector are Asbury Automotive Group, Inc. ABG , Fastenal Company FAST and Lowe's Companies, Inc. LOW . All three stocks carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .
Asbury Automotive has a long-term earnings growth rate of 10.8%. Its shares have rallied 35.9%, over the past six months.
Fastenal Company has a long-term earnings growth rate of 14%. The company's shares have been up 34.8% during the same time frame.
Lowe's has a long-term earnings growth rate of 18.4%. The stock has gained 32.1% in six months' time.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
Fastenal Company (FAST): Free Stock Analysis Report
Lowe's Companies, Inc. (LOW): Free Stock Analysis Report
Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some other similarly-ranked stocks in the same sector are Asbury Automotive Group, Inc. ABG , Fastenal Company FAST and Lowe's Companies, Inc. LOW . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Fastenal Company (FAST): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. The tax savings will be utilized to further improve the company's balance sheet, pursue additional growth avenues and invest in core business. | Some other similarly-ranked stocks in the same sector are Asbury Automotive Group, Inc. ABG , Fastenal Company FAST and Lowe's Companies, Inc. LOW . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Fastenal Company (FAST): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Acquisition of Allied Building Products to Boost Results Beacon Roofing's acquisition of Allied Building Products will reinforce the former's roofing supplies business. | Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Fastenal Company (FAST): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Some other similarly-ranked stocks in the same sector are Asbury Automotive Group, Inc. ABG , Fastenal Company FAST and Lowe's Companies, Inc. LOW . U.S. Tax Reform to Aid Beacon Roofing's Earnings In fiscal 2018, Beacon Roofing is poised to benefit from the tax reform. | Some other similarly-ranked stocks in the same sector are Asbury Automotive Group, Inc. ABG , Fastenal Company FAST and Lowe's Companies, Inc. LOW . Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Fastenal Company (FAST): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. The company is poised to gain from the tax reform, favorable pricing trends and a likely stronger demand contribution from hurricanes. |
28832.0 | 2018-01-09 00:00:00 UTC | Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 1/9/2018 | ABG | https://www.nasdaq.com/articles/validea-james-p-oshaughnessy-strategy-daily-upgrade-report-192018-2018-01-09 | nan | nan | The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 299.10% vs. 174.66% for the S&P 500. For more details on this strategy, click here
About James P. O'Shaughnessy : Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy heads O'Shaughnessy Asset Management.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 299.10% vs. 174.66% for the S&P 500. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. |
28833.0 | 2018-01-09 00:00:00 UTC | Asbury Automotive Shows Rising Relative Strength; Still Shy Of Key Threshold | ABG | https://www.nasdaq.com/articles/asbury-automotive-shows-rising-relative-strength-still-shy-key-threshold-2018-01-09 | nan | nan | On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Asbury Automotive can continue to show renewed price strength and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Asbury Automotive is now considered extended and out of buy range after clearing a 63.75 buy point in a first-stage cup with handle . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased last quarter from -4% to -3%. But sales fell from 0% to -5%. The next quarterly results are expected on or around Feb. 7.
Asbury Automotive earns the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ), Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78. [ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. History shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. | On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78. How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78. Stocks With Rising Relative Strength Ratings Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Tuesday, Asbury Automotive ( ABG ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 78. Looking For The Best Stocks To Buy And Watch? Asbury Automotive earns the No. |
28834.0 | 2017-12-18 00:00:00 UTC | Michael Dell: How a Billionaire Invests His Wealth | ABG | https://www.nasdaq.com/articles/michael-dell-how-billionaire-invests-his-wealth-2017-12-18 | nan | nan | For Michael Dell ( Trades , Portfolio ), making money seemed the least of his challenges. From his high school days onward, he scored success after success. The biggest of those successes was eliminating the middleman in retail personal computer sales; it not only changed Dell's life, but the whole PC industry.
He continued to show his mental acuity by forming a family office hedge fund to manage the money he was making, and to allow the fund managers to run the fund without his micro-management.
This is how the ultra-successful founder of the Dell Computer Corp. put his wealth to work.
Who is Dell?
Born in 1965, Dell grew up in Houston, Texas, the son of a stockbroker and an orthodontist, and received his first computer at age 15. The young Dell was entrepreneurial and a quick study, as demonstrated in his high school jobs. Then, famously became involved in the computer business while in college, assembling and selling upgrade kits for then-nascent personal computers (PC) from his dorm room.
In the early 1980s, he realized he would enjoy a strong competitive advantage if the retail channel could be eliminated. Dell launched a company that was to become Dell Computer Corp. in 1984, in a condo suite where employees assembled computers and kits, and sold directly to consumers. Dell says the staff consisted of "three guys with screwdrivers sitting at six-foot tables." In 1996, he began selling computers over the internet and in his 1999 book reported that sales soon grew to more than a million dollars a day.
With all that cash to manage, Dell started MSD Capital L.P. in 1998. Its mandate was to manage his family's investments, and it now has done so for nearly 20 years. Dell is not involved in managing investments; those decisions are made by hired managers.
It seems Dell made the right decision by sticking to his circle of competence in the computer industry, and leaving the outside investments to others. The returns he brings in from his computer business undoubtedly outperform the results he might expect to gain from managing investments.
What is MSD Capital?
The entity filing a Form ADV Part 2A is MSD Partners L.P., which advises MSD Capital L.P. The firm is managed by Glenn R. Fuhrman and John C. Phelan. At the MSD website, it is noted MSD Partners was founded in 2009 by the partners of MSD Capital (read Dell), which in turn exclusively manages the assets of Michael S. Dell.
MSD Partners operates six fund structures, each of which pursues an individual strategy within a strategic framework:
Credit Opportunity Funds.
Private Credit Opportunity Funds.
European Opportunity Funds.
Torchlight Funds.
India Funds.
Mortgage Funds.
There are also several subsidiaries, including MSD Capital in Europe.
As of Sept. 29, the firm managed $7.4 billion of discretionary assets under management, while GuruFocus reports $237 million of that total is invested in equities.
This is effectively a hedge fund, one that started as a family office and continues to focus on that role. At almost $7.5 billion, it is also one of the biggest of family offices.
Strategies
MSD Partners lists its objective as aiming to make investments that produce "attractive risk-adjusted returns over the long-term."
To get, or try to get, those returns, it uses multidisciplinary, analytical frameworks in hopes of producing "thoughtful and robust" investment ideas.
Behind those ideas is an "intense curiosity" about the "underlying truths that govern financial markets and economic behavior."
They acknowledge such truths may run against the grain, but insist their discipline as independent thinkers will help them find those truths and establish their long-term success.
In tactical terms, the managers use the six funds listed above to seek out potential deals, according to the Form ADV Part 2A:
The Credit Opportunity Funds focus on distressed, stressed, special situation and event-driven value opportunities. This includes securities selling for less than intrinsic value because of lack or liquidity or lack of access to capital. The mandate is flexible, allowing the firm to invest in bank debt, bonds, trade claims and other types of loans and equities.
The Private Credit Opportunities Fund invests in loans, structured debts and debt-like securities. This involves private loans to companies,as well as special situations where companies in out-of-favor or cyclical conditions require funding. Downside risk is at the core of decisions in this fund, and they have a medium- to long-term focus.
European Opportunity Funds looks for mispriced investments in Europe, again looking for securities trading at a "significant discount" to their appraised value. They invest in various types of securities, including bank debt, bonds, hybrid securities and equities. Here, too, they favor special situations such as financial restructurings, litigation claims and breakups.
Torchlight Funds aims to generate attractive, long-term returns without excessive risk. The way it does this is by buying financial instruments at less than their current liquidation value and that are expected to produce significant internal rates of return over the long term. The fund may invest in any type of security, anywhere in the world, but prefers "complex and misunderstood situations" in the domestic market.
India Funds, as the name suggests, looks for opportunities among companies that have some connection to India. That includes companies registered in India, have securities trading in India and even companies outside India that sell goods or services in that country.
Mortgage Funds was created to acquire and hold a "direct limited interest in Partners in Prophet, Ltd." Partners specializes in buying, holding and disposing of mortgage-backed securities. The securities include those backed by U.S. government agencies and those backed by non-government agencies.
In 2015 and 2016, MSD's financial savvy was likely quite helpful, as Dell set out to take over the much larger storage giant EMC Corp. (NYSE:EMC) and create what was called an "End-to-End Technology Company." It was a complex, huge, $67 billion deal that brought together the Dell Co., EMC and VMware ( VMW ), the latter majority-owned and controlled by EMC, MSD Capital and others. Dell himself, MSD Capital and two other firms contributed $4.25 billion in new cash to the transaction.
Although MSD is a global macro fund, it, on the equities side at least, shows many signs of being built on a value investing framework. Phrases such as "intrinsic value" and "mispriced securities" remind us they are driven by currently underperforming stocks and other securities.
Holdings
Dell and MSD hold a highly concentrated equities portfolio, one that is made up of just five stocks:
Asbury Automotive Group Inc. ( ABG ): 48.82% (auto dealerships)
Wesco Aircraft Holdings Inc. ( WAIR ): 17.9% (industrial distribution)
DineEquity Inc. ( DIN ): 13.41% (restaurant franchiser)
PVH Corp. ( PVH ): 12.97% (apparel - design, manufacturing, marketing)
Townsquare Media Inc. Class A (TSQ): 6.9% (entertainment and media)
As with most hedge funds, sorting out assets is complicated. Dell, EMC and VMware do not show up on this list, presumably because of the nature of the structural relationships among these players. The Dell computer company went private in 2013, and theoretically should not have to do the usual filings. However, it must report some information and data publicly because EMC and VMware continue to trade as public companies.
No FAANGs in this portfolio. Instead, it owns pieces of companies that provide the near necessities of life. Nothing spectacular expected, but they should grow with the economy and provide steady growth.
Performance
No public information on the returns of MSD Capital appear to be available. However, there are some interesting characteristics to the names in the portfolio:
Asbury Automotive: ROE: 54.61%, P/E: 8.67.
Wesco Aircraft: ROE: -29.48, P/E: 9.13.
DineEquity: ROE: -245.19%, P/E: not listed
PVH Corp: ROE: 10.68% P/E: 20.23
Townsquare Media: ROE: 4.99%, P/E: 11.85%.
With their positive and negative returns on equity (ROE) and all but one of them with a price-earnings (P/E) ratio of less than 15, these appear, on the surface at least, to be undervalued stocks. Notably, on the ROE side, there is one high and one very low position.
Conclusion
While we do not know whether Dell himself was involved in setting the strategic direction of MSD Capital, we can see it combines the hedge fund model with many value investing principles.
Like many other hedge funds, it employs a global macro approach, which basically means any type of security in any global market. The value investing side means looking for securities priced below their intrinsic value or similar criteria.
For value investors, there may be some lessons, but, with the usual opaqueness of a hedge fund, investors cannot determine what kinds of results have been produced by this strategy.
Disclosure: I do not own shares in any of the companies listed in this article, and do not expect to buy any in the next 72 hours.
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Holdings Dell and MSD hold a highly concentrated equities portfolio, one that is made up of just five stocks: Asbury Automotive Group Inc. ( ABG ): 48.82% (auto dealerships) Wesco Aircraft Holdings Inc. ( WAIR ): 17.9% (industrial distribution) DineEquity Inc. ( DIN ): 13.41% (restaurant franchiser) PVH Corp. ( PVH ): 12.97% (apparel - design, manufacturing, marketing) Townsquare Media Inc. Class A (TSQ): 6.9% (entertainment and media) As with most hedge funds, sorting out assets is complicated. The biggest of those successes was eliminating the middleman in retail personal computer sales; it not only changed Dell's life, but the whole PC industry. Strategies MSD Partners lists its objective as aiming to make investments that produce "attractive risk-adjusted returns over the long-term." | Holdings Dell and MSD hold a highly concentrated equities portfolio, one that is made up of just five stocks: Asbury Automotive Group Inc. ( ABG ): 48.82% (auto dealerships) Wesco Aircraft Holdings Inc. ( WAIR ): 17.9% (industrial distribution) DineEquity Inc. ( DIN ): 13.41% (restaurant franchiser) PVH Corp. ( PVH ): 12.97% (apparel - design, manufacturing, marketing) Townsquare Media Inc. Class A (TSQ): 6.9% (entertainment and media) As with most hedge funds, sorting out assets is complicated. Strategies MSD Partners lists its objective as aiming to make investments that produce "attractive risk-adjusted returns over the long-term." The Private Credit Opportunities Fund invests in loans, structured debts and debt-like securities. | Holdings Dell and MSD hold a highly concentrated equities portfolio, one that is made up of just five stocks: Asbury Automotive Group Inc. ( ABG ): 48.82% (auto dealerships) Wesco Aircraft Holdings Inc. ( WAIR ): 17.9% (industrial distribution) DineEquity Inc. ( DIN ): 13.41% (restaurant franchiser) PVH Corp. ( PVH ): 12.97% (apparel - design, manufacturing, marketing) Townsquare Media Inc. Class A (TSQ): 6.9% (entertainment and media) As with most hedge funds, sorting out assets is complicated. He continued to show his mental acuity by forming a family office hedge fund to manage the money he was making, and to allow the fund managers to run the fund without his micro-management. At the MSD website, it is noted MSD Partners was founded in 2009 by the partners of MSD Capital (read Dell), which in turn exclusively manages the assets of Michael S. Dell. | Holdings Dell and MSD hold a highly concentrated equities portfolio, one that is made up of just five stocks: Asbury Automotive Group Inc. ( ABG ): 48.82% (auto dealerships) Wesco Aircraft Holdings Inc. ( WAIR ): 17.9% (industrial distribution) DineEquity Inc. ( DIN ): 13.41% (restaurant franchiser) PVH Corp. ( PVH ): 12.97% (apparel - design, manufacturing, marketing) Townsquare Media Inc. Class A (TSQ): 6.9% (entertainment and media) As with most hedge funds, sorting out assets is complicated. The biggest of those successes was eliminating the middleman in retail personal computer sales; it not only changed Dell's life, but the whole PC industry. Who is Dell? |
28835.0 | 2017-12-08 00:00:00 UTC | Michael Dell’s MSD Capital Exits Asbury Automotive | ABG | https://www.nasdaq.com/articles/michael-dells-msd-capital-exits-asbury-automotive-2017-12-08 | nan | nan | Michael Dell ( Trades , Portfolio )'s MSD Capital disclosed Friday it exited its stake in Asbury Automotive Group Inc. ( ABG ) on Dec. 5.
The private investment firm, which was established in 1995 to manage the assets of the Dell Technologies ( DVMT ) founder and CEO and his family, manages an extremely concentrated portfolio, which, before the most recent trade, was composed of five holdings.
MSD sold its remaining 1.7 million shares of Asbury for an average price of $67 per share, impacting the portfolio by -46.82%. GuruFocus estimates the firm has gained 54% on the investment since the third quarter of 2013. Year to date, the stock has gained approximately 10%.
The Georgia-based automotive retailer has a market cap of $1.41 billion; its shares were trading around $67.85 on Friday with a price-earnings (P/E) ratio of 8.86, a price-book (P/B) ratio of 4.03 and a price-sales (P/S) ratio of 0.23.
According to the Peter Lynch chart below, the stock is trading below its fair value.
In its earnings report for the third quarter, Asbury recorded EPS of $1.48, missing expectations of $1.57, on $1.6 billion in revenue, which missed estimates of $1.68 billion and declined 4.8% year over year.
The trend in Asbury's revenue growth over the past decade is illustrated in the graph below.
Of the gurus invested in Asbury, David Abrams (Trades, Portfolio) now has the largest stake with 4.8% of outstanding shares. While Joel Greenblatt (Trades, Portfolio) and Jim Simons (Trades, Portfolio) increased their holdings in the third quarter, Steven Cohen (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) reduced their positions. Paul Singer (Trades, Portfolio) is also a shareholder.
MSD Capital's four remaining holdings are DineEquity Inc. ( DIN ), Townsquare Media Inc. ( TSQ ), Wesco Aircraft Holdings Inc. ( WAIR ) and PVH Corp. (PVH).
Disclosure: I do not own any stocks mentioned.
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Michael Dell ( Trades , Portfolio )'s MSD Capital disclosed Friday it exited its stake in Asbury Automotive Group Inc. ( ABG ) on Dec. 5. The private investment firm, which was established in 1995 to manage the assets of the Dell Technologies ( DVMT ) founder and CEO and his family, manages an extremely concentrated portfolio, which, before the most recent trade, was composed of five holdings. Of the gurus invested in Asbury, David Abrams (Trades, Portfolio) now has the largest stake with 4.8% of outstanding shares. | Michael Dell ( Trades , Portfolio )'s MSD Capital disclosed Friday it exited its stake in Asbury Automotive Group Inc. ( ABG ) on Dec. 5. In its earnings report for the third quarter, Asbury recorded EPS of $1.48, missing expectations of $1.57, on $1.6 billion in revenue, which missed estimates of $1.68 billion and declined 4.8% year over year. While Joel Greenblatt (Trades, Portfolio) and Jim Simons (Trades, Portfolio) increased their holdings in the third quarter, Steven Cohen (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) reduced their positions. | Michael Dell ( Trades , Portfolio )'s MSD Capital disclosed Friday it exited its stake in Asbury Automotive Group Inc. ( ABG ) on Dec. 5. The private investment firm, which was established in 1995 to manage the assets of the Dell Technologies ( DVMT ) founder and CEO and his family, manages an extremely concentrated portfolio, which, before the most recent trade, was composed of five holdings. While Joel Greenblatt (Trades, Portfolio) and Jim Simons (Trades, Portfolio) increased their holdings in the third quarter, Steven Cohen (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) reduced their positions. | Michael Dell ( Trades , Portfolio )'s MSD Capital disclosed Friday it exited its stake in Asbury Automotive Group Inc. ( ABG ) on Dec. 5. GuruFocus estimates the firm has gained 54% on the investment since the third quarter of 2013. Year to date, the stock has gained approximately 10%. |
28836.0 | 2017-11-29 00:00:00 UTC | Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 11/29/2017 | ABG | https://www.nasdaq.com/articles/validea-james-p-oshaughnessy-strategy-daily-upgrade-report-11292017-2017-11-29 | nan | nan | The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
VALE SA (ADR) ( VALE ) is a large-cap value stock in the Metal Mining industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 60% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Vale S.A. is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. The Company's segments include Ferrous minerals, which comprises the production and extraction of ferrous minerals, as iron ore fines, iron ore pellets and its logistic services, manganese and ferroalloys and others ferrous products and services; Coal, which comprises the extraction of metallurgical and thermal coal and its logistic services; Base metals, which includes the production and extraction of non-ferrous minerals, and are presented as nickel and its byproducts, and copper (copper concentrated), and Others, which comprises sales and expenses of other products, services and investments in joint ventures and associate in other business.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 273.81% vs. 162.59% for the S&P 500. For more details on this strategy, click here
About James P. O'Shaughnessy : Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy heads O'Shaughnessy Asset Management.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here VALE SA (ADR) ( VALE ) is a large-cap value stock in the Metal Mining industry. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company's segments include Ferrous minerals, which comprises the production and extraction of ferrous minerals, as iron ore fines, iron ore pellets and its logistic services, manganese and ferroalloys and others ferrous products and services; Coal, which comprises the extraction of metallurgical and thermal coal and its logistic services; Base metals, which includes the production and extraction of non-ferrous minerals, and are presented as nickel and its byproducts, and copper (copper concentrated), and Others, which comprises sales and expenses of other products, services and investments in joint ventures and associate in other business. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 273.81% vs. 162.59% for the S&P 500. |
28837.0 | 2017-11-16 00:00:00 UTC | Stocks Showing Improved Relative Strength: Asbury Automotive | ABG | https://www.nasdaq.com/articles/stocks-showing-improved-relative-strength-asbury-automotive-2017-11-16 | nan | nan | The Relative Strength ( RS ) Rating for Asbury Automotive ( ABG ) moved into a higher percentile Thursday, as it got a lift from 68 to 71.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies 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 stocks tend to 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.
Looking For Winning Stocks? Try This Simple Routine
Asbury Automotive is building a cup without handle with a 71.10 buy point . See if the stock can break out in heavy volume.
Earnings growth rose in the company's most recent report from -4% to -3%, but the top line fell from 0% to -5%.
The company holds the No. 8 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ), Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Relative Strength ( RS ) Rating for Asbury Automotive ( ABG ) moved into a higher percentile Thursday, as it got a lift from 68 to 71. Decades of market research reveals that the best stocks tend to 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. | The Relative Strength ( RS ) Rating for Asbury Automotive ( ABG ) moved into a higher percentile Thursday, as it got a lift from 68 to 71. Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Relative Strength ( RS ) Rating for Asbury Automotive ( ABG ) moved into a higher percentile Thursday, as it got a lift from 68 to 71. [ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies 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. Lithia Motors ( LAD ), Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are among the top 5 highly rated stocks within the group. | The Relative Strength ( RS ) Rating for Asbury Automotive ( ABG ) moved into a higher percentile Thursday, as it got a lift from 68 to 71. Which Stocks Are Showing Rising Relative Strength? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
28838.0 | 2017-11-01 00:00:00 UTC | Validea Benjamin Graham Strategy Daily Upgrade Report - 11/1/2017 | ABG | https://www.nasdaq.com/articles/validea-benjamin-graham-strategy-daily-upgrade-report-1112017-2017-11-01 | nan | nan | The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
DSW INC. ( DSW ) is a small-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Benjamin Graham changed from 86% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DSW Inc. is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. As of January 28, 2017, the Company operated 501 DSW stores, dsw.com and shoe departments in 288 Stein Mart stores and Steinmart.com, 106 Gordmans stores and Gordmans.com, and one Frugal Fannie's store. DSW separates its merchandise into three primary categories: women's footwear; men's footwear, and accessories and other (which includes kids' footwear). Other primarily includes Ebuys and its investment in Town Shoes. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 393.45% vs. 157.42% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. |
28839.0 | 2017-10-25 00:00:00 UTC | Validea Joel Greenblatt Strategy Daily Upgrade Report - 10/25/2017 | ABG | https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-10252017-2017-10-25 | nan | nan | The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt changed from 60% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
THE HACKETT GROUP, INC. ( HCKT ) is a small-cap growth stock in the Business Services industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Hackett Group, Inc. is an advisory and technology consulting company. The Company's services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services. It focuses on business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including Oracle Enterprise Performance Management ( EPM ) and SAP practices. It offers a range of services, including executive advisory programs, benchmarking, business transformation and technology consulting services. Its advisory programs include a mix of the deliverables, such as Best Practice Intelligence Center, Best Practice Accelerators, Advisor Inquiry, Best Practice Research and Peer Interaction. Its Business Transformation programs help clients develop a coordinated strategy for achieving performance improvements across the enterprise.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CARS.COM INC ( CARS ) is a small-cap value stock in the Computer Services industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cars.com Inc. owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers. Cars.com offers a digital automotive marketplace search engine that helps car buyers to make informed purchasing decisions and helps sellers to engage with a portion of their target customer base. This online automotive marketplace service connects buyers and sellers across five Websites: Cars.com, Auto.com, DealerRater.com, NewCars.com and PickupTrucks.com. Its automotive marketplace products also include credible user and automotive and dealer reviews. It is also engaged in the sale of display advertising to national advertisers. Car buyers and car owners interface with Cars.com primarily through the Cars.com sites and mobile applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CLEVELAND-CLIFFS INC ( CLF ) is a mid-cap value stock in the Metal Mining industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc., is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joel Greenblatt has returned 108.16% vs. 101.69% for the S&P 500. For more details on this strategy, click here
About Joel Greenblatt : In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here THE HACKETT GROUP, INC. ( HCKT ) is a small-cap growth stock in the Business Services industry. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. |
28840.0 | 2017-10-13 00:00:00 UTC | Validea Benjamin Graham Strategy Daily Upgrade Report - 10/13/2017 | ABG | https://www.nasdaq.com/articles/validea-benjamin-graham-strategy-daily-upgrade-report-10132017-2017-10-13 | nan | nan | The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
URBAN OUTFITTERS, INC. ( URBN ) is a mid-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Benjamin Graham changed from 71% to 86% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Urban Outfitters, Inc. is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company's Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Retail segment also includes Vetri Family, which operates restaurants under the names Amis, Alla Spina, Lo Spiedo, Pizzeria Vetri and Osteria. Its Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women's contemporary casual apparel and shoes through individual and chain specialty stores and department stores. The Company's Wholesale segment includes Free People-branded tops, bottoms, sweaters, dresses, intimates, shoes and activewear, which are sold through department and specialty stores around the world, and its Free People stores.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DSW INC. ( DSW ) is a small-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Benjamin Graham changed from 86% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DSW Inc. is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. As of January 28, 2017, the Company operated 501 DSW stores, dsw.com and shoe departments in 288 Stein Mart stores and Steinmart.com, 106 Gordmans stores and Gordmans.com, and one Frugal Fannie's store. DSW separates its merchandise into three primary categories: women's footwear; men's footwear, and accessories and other (which includes kids' footwear). Other primarily includes Ebuys and its investment in Town Shoes. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 384.00% vs. 154.99% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The Company's Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. The Company's Wholesale segment includes Free People-branded tops, bottoms, sweaters, dresses, intimates, shoes and activewear, which are sold through department and specialty stores around the world, and its Free People stores. | The Company operates through two segments: the DSW segment ( DSW ), which includes DSW stores and dsw.com, and the Affiliated Business Group ( ABG ) segment. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses. Company Description: DSW Inc. is a footwear retailer. |
28841.0 | 2017-09-14 00:00:00 UTC | Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 9/14/2017 | ABG | https://www.nasdaq.com/articles/validea-james-p-oshaughnessy-strategy-daily-upgrade-report-9142017-2017-09-14 | nan | nan | The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 232.08% vs. 149.73% for the S&P 500. For more details on this strategy, click here
About James P. O'Shaughnessy : Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy heads O'Shaughnessy Asset Management.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 232.08% vs. 149.73% for the S&P 500. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. |
28842.0 | 2017-09-11 00:00:00 UTC | Is Asbury Automotive Group (ABG) a Great Stock for Value Investors? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-group-abg-a-great-stock-for-value-investors-2017-09-11 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group Inc ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury Automotive has a trailing twelve months PE ratio of 9, as you can see in the chart below:
Further, the stock's PE also compares favorably with the industry 's trailing twelve months PE ratio, which stands at 12.4. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury Automotive has a P/S ratio of about 0.2. This is a bit lower than the S&P 500 average, which comes in at 3.1x right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Asbury Automotive currently has a Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Asbury Automotive a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the PEG ratio for Asbury Automotive is just 0.8, a level that is far lower than the industry average of 1.3. The PEG ratio is a modified PE ratio that takes into account the stock's earnings growth rate. Clearly, ABG is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Asbury Automotive might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of c and a Momentum Score of F. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of B. (You can read more about the Zacks Style Scores here >>)
Meanwhile, the company's recent earnings estimates have been pretty discouraging. The current quarter has seen none of the estimates go higher in the past sixty days compared to five lower, while the full year estimate has also seen no up and five down in the same time period.
This has had a significant impact on the consensus estimate as the current quarter consensus estimate has fallen by 5% in the past two months and the full year estimate has inched lower by 3%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group Inc Price and Consensus
Asbury Automotive Group Inc Price and Consensus | Asbury Automotive Group Inc Quote
This bearish trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Asbury Automotive is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank ( Bottom 36% out of more than 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the industry has clearly underperformed the broader market, as you can see below:
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group Inc (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Asbury Automotive Group Inc ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. In particular, it is worth noting that the company has a Growth Score of c and a Momentum Score of F. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of B. | Click to get this free report Asbury Automotive Group Inc (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Asbury Automotive Group Inc ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group Inc ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. In particular, it is worth noting that the company has a Growth Score of c and a Momentum Score of F. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of B. | Let's put Asbury Automotive Group Inc ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. In particular, it is worth noting that the company has a Growth Score of c and a Momentum Score of F. This gives ABG a Zacks VGM score - or its overarching fundamental grade - of B. |
28843.0 | 2017-09-01 00:00:00 UTC | Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 9/1/2017 | ABG | https://www.nasdaq.com/articles/validea-james-p-oshaughnessy-strategy-daily-upgrade-report-912017-2017-09-01 | nan | nan | The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
GLAXOSMITHKLINE PLC (ADR) ( GSK ) is a large-cap growth stock in the Major Drugs industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 60% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases. The Company makes a range of prescription medicines, vaccines and consumer healthcare products. The Pharmaceuticals business discovers, develops and commercializes medicines to treat a range of acute and chronic diseases. The Vaccines business provides vaccines for people of all ages from babies and adolescents to adults and older people. The Consumer Healthcare business develops and markets products in Wellness, Oral health, Nutrition and Skin health categories. Its product portfolio includes Adartrel, Bexsero, Daraprim and Quinvaxem. Its brands include Panadol, abreva, polident and physiogel.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NCI BUILDING SYSTEMS INC ( NCS ) is a small-cap growth stock in the Construction Services industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NCI Building Systems, Inc. is a manufacturer and marketer of metal products in North America. The Company's operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting. The Metal components segment's products include metal roof and wall panels, doors, metal partitions, metal trim, insulated metal panel (IMP) products and other related accessories. The Company manufactures and distributes a range of metal products for the non-residential construction market. It operates in the United States, Mexico, Canada and China. The Company provides metal coil coating services, and designs, engineers, manufactures and markets metal components and engineered building systems. It also provides metal coil coating services for commercial and construction applications, servicing both internal and external customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 226.40% vs. 147.06% for the S&P 500. For more details on this strategy, click here
About James P. O'Shaughnessy : Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy heads O'Shaughnessy Asset Management.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The Pharmaceuticals business discovers, develops and commercializes medicines to treat a range of acute and chronic diseases. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company's operating segments include Engineered building systems, Metal components and Metal coil coating. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Metal components segment's products include metal roof and wall panels, doors, metal partitions, metal trim, insulated metal panel (IMP) products and other related accessories. | For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NCI BUILDING SYSTEMS INC ( NCS ) is a small-cap growth stock in the Construction Services industry. |
28844.0 | 2017-07-27 00:00:00 UTC | Validea Joel Greenblatt Strategy Daily Upgrade Report - 7/27/2017 | ABG | https://www.nasdaq.com/articles/validea-joel-greenblatt-strategy-daily-upgrade-report-7272017-2017-07-27 | nan | nan | The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DELTA AIR LINES, INC. ( DAL ) is a large-cap value stock in the Airline industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company's segments include Airline and Refinery. The Company's route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York- John F Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Each of these operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub or gateway to domestic and international cities and to other hubs or gateways. The Company's route network includes its international joint ventures, its alliances with other foreign airlines, its membership in SkyTeam and agreements with multiple domestic regional carriers that operate as Delta Connection.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joel Greenblatt has returned 115.35% vs. 94.52% for the S&P 500. For more details on this strategy, click here
About Joel Greenblatt : In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Valideaclick here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. The Company's route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York- John F Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DELTA AIR LINES, INC. ( DAL ) is a large-cap value stock in the Airline industry. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Joel Greenblatt has returned 115.35% vs. 94.52% for the S&P 500. | ASBURY AUTOMOTIVE GROUP, INC. ( ABG ) is a small-cap value stock in the Retail (Specialty) industry. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions. |
28845.0 | 2017-06-12 00:00:00 UTC | Is Asbury Automotive a Suitable Stock for Value Investors? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-a-suitable-stock-for-value-investors-2017-06-12 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury Automotive has a trailing twelve months PE ratio of 8.8, as you can see in the chart below:
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury Automotive has a P/S ratio of about 0.2. This is a bit lower than the S&P 500 average, which comes in at 3.1 right now. Also, as we can see in the chart below, this is below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Asbury Automotive currently has a Zacks Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. This makes Asbury Automotive a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the PEG ratio for Asbury Automotive is just 0.6, a level that is lower than the industry average of 1.1. The PEG ratio is a modified PE ratio that takes into account the stock's earnings growth rate. Clearly, ABG is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Asbury Automotive might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of 'A' and a Momentum score of 'F'. This gives ABG a Zacks VGM score-or its overarching fundamental grade-of 'A'. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been mixed. The current quarter has seen two estimates go higher in the past sixty days compared to four lower, while the full year estimate has seen six up and none down in the same time period.
As a result the current quarter consensus estimate has declined by 1.2% in the past two months, while the full year estimate has increased by 1.5%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group Inc Price and Consensus
Asbury Automotive Group Inc Price and Consensus | Asbury Automotive Group Inc Quote
This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Asbury Automotive is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank (bottom 35% out of more than 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the Zacks Automotive - Retail and Whole Sales industry has clearly underperformed the broader market, as you can see below:
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group Inc (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. This gives ABG a Zacks VGM score-or its overarching fundamental grade-of 'A'. | Click to get this free report Asbury Automotive Group Inc (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. This gives ABG a Zacks VGM score-or its overarching fundamental grade-of 'A'. | Let's put Asbury Automotive Group, Inc.ABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. Clearly, ABG is a solid choice on the value front from multiple angles. This gives ABG a Zacks VGM score-or its overarching fundamental grade-of 'A'. |
28846.0 | 2017-03-10 00:00:00 UTC | Is Asbury Automotive a Suitable Stock for Value Investors? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-a-suitable-stock-for-value-investors-2017-03-10 | nan | nan | Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Asbury Automotive Group IncABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Asbury has a trailing twelve months PE ratio of 10.10, as you can see in the chart below:
This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 20.33. If we focus on the long-term PE trend, Asbury's current PE level puts it below its midpoint over the past five years.
Further, the stock's PE also compares favorably with the Zacks classified Retail/Wholesale Auto/Truck industry's trailing twelve months PE ratio, which stands at 13.12. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.
We should also point out that Asbury has a forward PE ratio (price relative to this year's earnings) of just 9.69, so it is fair to say that a slightly more value-oriented path may be ahead for Asbury stock in the near term too.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Asbury has a P/S ratio of about 0.21. This is considerably lower than the S&P 500 average, which comes in at 3.08 right now.
If anything, ABG is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms.
Broad Value Outlook
In aggregate, Asbury currently has a Zacks Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. This makes Asbury a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the PEG ratio for Asbury is just 0.72, a level that is lower than the industry average of 1.40. The PEG ratio is a modified PE ratio that takes into account the stock's earnings growth rate. Clearly, ABG is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Asbury might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of 'B' and a Momentum score of 'B'. This gives ABG a Zacks VGM score-or its overarching fundamental grade-of 'A'. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been mixed at best. The current quarter has seen two downward estimate revision in the past sixty days compared to none upward, while the full year estimate has seen three upward and two downward revisions in the same time frame.
As a result, the current quarter consensus estimate has dropped by 0.7% in the past two months, while the full year estimate has inched higher by 0.3%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Asbury Automotive Group Inc Price and Consensus
Asbury Automotive Group Inc Price and Consensus | Asbury Automotive Group Inc Quote
This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Asbury is an inspired choice for value investors, as it is hard to beat its good lineup of statistics on this front. However, with a sluggish industry rank (Bottom 36% out of more than 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two year, the Zacks Retail/Wholesale Auto/Truck industry has underperformed the broader market, as you can see below:
Notably, the stock has a long term expected earnings growth of 13.5% and sports a Zacks Rank #3. These mixed expectations indicate that while the stock's growth story might be good over the long term, analysts have some apprehensions about the stock in the immediate future. So, value investors might want to wait for analyst sentiment to turn around in this name first, but once that happens, this stock could be a compelling pick.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Asbury Automotive Group Inc (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If anything, ABG is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms. Let's put Asbury Automotive Group IncABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group IncABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks. If anything, ABG is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group IncABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks. If anything, ABG is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms. Clearly, ABG is a solid choice on the value front from multiple angles. | Let's put Asbury Automotive Group IncABG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks. If anything, ABG is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms. Clearly, ABG is a solid choice on the value front from multiple angles. |
28847.0 | 2017-02-07 00:00:00 UTC | Consumer Sector Update for 02/07/2017: CHD,ABG,KORS | ABG | https://www.nasdaq.com/articles/consumer-sector-update-02072017-chdabgkors-2017-02-07 | nan | nan | Top Consumer Stocks
WMT +0.87%
MCD +0.20%
DIS -0.39%
CVS +0.35%
KO +0.76%
Consumer stocks were ending widely mixed on Tuesday, with shares of consumer staples companies in the S&P 500 climbing to a 0.9% gain this afternoon while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%.
In company news, Church & Dwight Co. ( CHD ) was extending its earlier gains Tuesday afternoon after the household goods company today reported Q4 net income and revenue exceeding analyst estimates.
Excluding one-time items, the company earned $0.44 per share, beating the Capital IQ consensus by $0.02 per share. Revenue climbed 2.6% over year-ago levels to $896 million, also topping the $889.23 million consensus. Organic sales grew 2.7%, exceeding the Company's outlook expecting a 1% to 2% rise over the same quarter last year.
The company also declared a 7% increase in its regular quarterly dividend compared with its prior distribution to $0.19 per share, up from $0.1775 per share last quarter and payable March 1 to shareholders of record on Feb. 21.
CHD shares were up over 4% at $47.39 each this afternoon, mostly continuing to climb throughout today's session and easing only slightly from their recent session high of $47.56 a share.
In other sector news,
(+) ABG, Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Revenue rises 1.6% to $1.67 bln, also exceeding the $1.62 bln consensus.
(-) KORS, Q3 revenue drops 3.2% from last year to $1.35 bln, missing the $1.37 bln consensus. EPS of $1.64 matches analyst mean. Same-store sales decline 6.9% from last year. Projected Q4 earnings lag Street view by at least $0.22 per share; revenue at least $45 mln shy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news, (+) ABG, Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Organic sales grew 2.7%, exceeding the Company's outlook expecting a 1% to 2% rise over the same quarter last year. Projected Q4 earnings lag Street view by at least $0.22 per share; revenue at least $45 mln shy. | In other sector news, (+) ABG, Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Excluding one-time items, the company earned $0.44 per share, beating the Capital IQ consensus by $0.02 per share. Revenue rises 1.6% to $1.67 bln, also exceeding the $1.62 bln consensus. | In other sector news, (+) ABG, Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Consumer stocks were ending widely mixed on Tuesday, with shares of consumer staples companies in the S&P 500 climbing to a 0.9% gain this afternoon while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%. In company news, Church & Dwight Co. ( CHD ) was extending its earlier gains Tuesday afternoon after the household goods company today reported Q4 net income and revenue exceeding analyst estimates. | In other sector news, (+) ABG, Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Consumer stocks were ending widely mixed on Tuesday, with shares of consumer staples companies in the S&P 500 climbing to a 0.9% gain this afternoon while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%. In company news, Church & Dwight Co. ( CHD ) was extending its earlier gains Tuesday afternoon after the household goods company today reported Q4 net income and revenue exceeding analyst estimates. |
28848.0 | 2017-02-07 00:00:00 UTC | Consumer Sector Update for 02/07/2017: WWW,ABG,KORS | ABG | https://www.nasdaq.com/articles/consumer-sector-update-02072017-wwwabgkors-2017-02-07 | nan | nan | Top Consumer Stocks
WMT +0.78%
MCD +0.31%
DIS -0.21%
CVS +0.16%
KO +0.90%
Consumer stocks were mixed during Tuesday trading, with shares of consumer staples companies in the S&P 500 adding nearly 0.8% in value today while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%.
In company news, Wolverine World Wide ( WWW ) advanced Tuesday after the casual footwear company said it expects to meet internal expectations with its Q4 financial results, which would exceed Wall Street estimates.
The company in mid-October projected FY16 adjusted earnings to range between $1.30 to $1.40 per share on $2.48 billion to $2.58 billion in revenue. That translates into Q4 per-share earnings of $0.39 to $0.49 on between $715 million to $815 million in revenue.
Analysts, on average, are expecting the company to earn $0.30 per share on around $712.3 million in revenue, according to Capital IQ.
WWW shares were up about 5.7% at $22.23 each, previously climbing to a session high of $23.04 a share.
In other sector news,
(+) ABG, (+4.6%) Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Revenue rises 1.6% to $1.67 bln, also exceeding the $1.62 bln consensus.
(-) KORS, (-12.0%) Q3 revenue drops 3.2% from last year to $1.35 bln, missing the $1.37 bln consensus. EPS of $1.64 matches analyst mean. Same-store sales decline 6.9% from last year. Projected Q4 earnings lag Street view by at least $0.22 per share; revenue at least $45 mln shy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news, (+) ABG, (+4.6%) Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Analysts, on average, are expecting the company to earn $0.30 per share on around $712.3 million in revenue, according to Capital IQ. Projected Q4 earnings lag Street view by at least $0.22 per share; revenue at least $45 mln shy. | In other sector news, (+) ABG, (+4.6%) Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Analysts, on average, are expecting the company to earn $0.30 per share on around $712.3 million in revenue, according to Capital IQ. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news, (+) ABG, (+4.6%) Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Consumer stocks were mixed during Tuesday trading, with shares of consumer staples companies in the S&P 500 adding nearly 0.8% in value today while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%. The company in mid-October projected FY16 adjusted earnings to range between $1.30 to $1.40 per share on $2.48 billion to $2.58 billion in revenue. | In other sector news, (+) ABG, (+4.6%) Adjusted Q4 EPS of $1.56 beat Capital IQ consensus by $0.14 per share. Analysts, on average, are expecting the company to earn $0.30 per share on around $712.3 million in revenue, according to Capital IQ. (-) KORS, (-12.0%) Q3 revenue drops 3.2% from last year to $1.35 bln, missing the $1.37 bln consensus. |
28849.0 | 2016-12-08 00:00:00 UTC | Asbury Automotive Group Reaches Analyst Target Price | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-reaches-analyst-target-price-2016-12-08 | nan | nan | In recent trading, shares of Asbury Automotive Group, Inc (Symbol: ABG) have crossed above the average analyst 12-month target price of $61.50, changing hands for $62.80/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets contributing to that average for Asbury Automotive Group, Inc, but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $55.00. And then on the other side of the spectrum one analyst has a target as high as $70.00. The standard deviation is $6.892.
But the whole reason to look at the average ABG price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABG crossing above that average target price of $61.50/share, investors in ABG have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $61.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Asbury Automotive Group, Inc:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on ABG - FREE .
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of Asbury Automotive Group, Inc (Symbol: ABG) have crossed above the average analyst 12-month target price of $61.50, changing hands for $62.80/share. But the whole reason to look at the average ABG price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABG crossing above that average target price of $61.50/share, investors in ABG have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $61.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | In recent trading, shares of Asbury Automotive Group, Inc (Symbol: ABG) have crossed above the average analyst 12-month target price of $61.50, changing hands for $62.80/share. But the whole reason to look at the average ABG price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABG crossing above that average target price of $61.50/share, investors in ABG have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $61.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with ABG crossing above that average target price of $61.50/share, investors in ABG have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $61.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Asbury Automotive Group, Inc (Symbol: ABG) have crossed above the average analyst 12-month target price of $61.50, changing hands for $62.80/share. But the whole reason to look at the average ABG price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of Asbury Automotive Group, Inc (Symbol: ABG) have crossed above the average analyst 12-month target price of $61.50, changing hands for $62.80/share. But the whole reason to look at the average ABG price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABG crossing above that average target price of $61.50/share, investors in ABG have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $61.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
28850.0 | 2016-12-06 00:00:00 UTC | Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships | ABG | https://www.nasdaq.com/articles/tuesday-sector-leaders-general-contractors-builders-auto-dealerships-2016-12-06 | nan | nan | In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Skyline ( SKY ), up about 8% and shares of M/I Homes ( MHO ) up about 4.5% on the day.
Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading up by about 3.1% and Carmax ( KMX ), trading higher by about 3.1% on Tuesday.
VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading up by about 3.1% and Carmax ( KMX ), trading higher by about 3.1% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.2%. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading up by about 3.1% and Carmax ( KMX ), trading higher by about 3.1% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.2%. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading up by about 3.1% and Carmax ( KMX ), trading higher by about 3.1% on Tuesday. VIDEO: Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 1.4% as a group, led by Asbury Automotive Group ( ABG ), trading up by about 3.1% and Carmax ( KMX ), trading higher by about 3.1% on Tuesday. In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Skyline ( SKY ), up about 8% and shares of M/I Homes ( MHO ) up about 4.5% on the day. |
28851.0 | 2016-11-25 00:00:00 UTC | New Strong Sell Stocks for November 25th | ABG | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-november-25th-2016-11-25 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Abaxis, Inc.ABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 30 days.
Asbury Automotive Group, Inc . ABG operates as an automotive retailer in the United States. The Zacks Consensus Estimate for its current year earnings has declined nearly 2.6% over the last 30 days.
CVS Health CorporationCVS together with its subsidiaries, provides integrated pharmacy health care services. It has seen the Zacks Consensus Estimate for its current year earnings being revised 1% downward over the last 30 days.
Entergy CorporationETR together with its subsidiaries, engages in the generation and distribution of electricity in the United States. The Zacks Consensus Estimate revision for its current year earnings was a negative of 0.9% over the last 30 days.
Genuine Parts CompanyGPC distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials. The Zacks Consensus Estimate for its current year earnings has moved 0.03% lower over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ENTERGY CORP (ETR): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
CVS HEALTH CORP (CVS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABG operates as an automotive retailer in the United States. Click to get this free report ENTERGY CORP (ETR): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CVS HEALTH CORP (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Abaxis, Inc.ABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. | Click to get this free report ENTERGY CORP (ETR): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CVS HEALTH CORP (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. ABG operates as an automotive retailer in the United States. Genuine Parts CompanyGPC distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials. | Click to get this free report ENTERGY CORP (ETR): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CVS HEALTH CORP (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. ABG operates as an automotive retailer in the United States. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 30 days. | ABG operates as an automotive retailer in the United States. Click to get this free report ENTERGY CORP (ETR): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report CVS HEALTH CORP (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Abaxis, Inc.ABAX develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. |
28852.0 | 2016-11-14 00:00:00 UTC | Monday Sector Leaders: Hospital & Medical Practitioners, Auto Dealerships | ABG | https://www.nasdaq.com/articles/monday-sector-leaders-hospital-medical-practitioners-auto-dealerships-2016-11-14 | nan | nan | In trading on Monday, hospital & medical practitioners shares were relative leaders, up on the day by about 3.9%. Leading the group were shares of Tenet Healthcare ( THC ), up about 12.8% and shares of Community Health Systems ( CYH ) up about 10.3% on the day.
Also showing relative strength are auto dealerships shares, up on the day by about 3.4% as a group, led by Sonic Automotive ( SAH ), trading higher by about 7.8% and Asbury Automotive Group ( ABG ), trading higher by about 7.2% on Monday.
VIDEO: Monday Sector Leaders: Hospital & Medical Practitioners, Auto Dealerships
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 3.4% as a group, led by Sonic Automotive ( SAH ), trading higher by about 7.8% and Asbury Automotive Group ( ABG ), trading higher by about 7.2% on Monday. In trading on Monday, hospital & medical practitioners shares were relative leaders, up on the day by about 3.9%. VIDEO: Monday Sector Leaders: Hospital & Medical Practitioners, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 3.4% as a group, led by Sonic Automotive ( SAH ), trading higher by about 7.8% and Asbury Automotive Group ( ABG ), trading higher by about 7.2% on Monday. In trading on Monday, hospital & medical practitioners shares were relative leaders, up on the day by about 3.9%. VIDEO: Monday Sector Leaders: Hospital & Medical Practitioners, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 3.4% as a group, led by Sonic Automotive ( SAH ), trading higher by about 7.8% and Asbury Automotive Group ( ABG ), trading higher by about 7.2% on Monday. VIDEO: Monday Sector Leaders: Hospital & Medical Practitioners, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are auto dealerships shares, up on the day by about 3.4% as a group, led by Sonic Automotive ( SAH ), trading higher by about 7.8% and Asbury Automotive Group ( ABG ), trading higher by about 7.2% on Monday. In trading on Monday, hospital & medical practitioners shares were relative leaders, up on the day by about 3.9%. Leading the group were shares of Tenet Healthcare ( THC ), up about 12.8% and shares of Community Health Systems ( CYH ) up about 10.3% on the day. |
28853.0 | 2016-11-04 00:00:00 UTC | New Strong Sell Stocks for November 4th | ABG | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-november-4th-2016-11-04 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
• Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the U.S. The Zacks Consensus Estimate for its current year earnings has been revised 2.5% downward over the last 30 days.
• Iron Mountain IncorporatedIRM is one of the world's largest records and information management services company. The Zacks Consensus Estimate for its current year earnings has declined nearly 13.2% over the last 30 days.
• On Assignment Inc.ASGN is a leading nationwide provider of temporary scientific professionals to laboratories. It has seen the Zacks Consensus Estimate for its current year earnings being revised 13.8% downward over the last 30 days.
• Whole Foods Market, Inc.WFM is a leading purveyor of natural foods in the world. The Zacks Consensus Estimate revision for its current year earnings was a negative of 3.4% over the last 30 days.
• Yum! Brands, Inc.YUM is the world's largest restaurant company in terms of system units. The Zacks Consensus Estimate for its current year earnings has moved 33.1% lower over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
IRON MOUNTAIN (IRM): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
YUM! BRANDS INC (YUM): Free Stock Analysis Report
ON ASSIGNMENT (ASGN): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the U.S. Click to get this free report IRON MOUNTAIN (IRM): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report YUM! • Iron Mountain IncorporatedIRM is one of the world's largest records and information management services company. | Click to get this free report IRON MOUNTAIN (IRM): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report YUM! Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the U.S. BRANDS INC (YUM): Free Stock Analysis Report ON ASSIGNMENT (ASGN): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report IRON MOUNTAIN (IRM): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report YUM! Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the U.S. The Zacks Consensus Estimate for its current year earnings has been revised 2.5% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the U.S. Click to get this free report IRON MOUNTAIN (IRM): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report YUM! View the entire Zacks Rank #5 List . |
28854.0 | 2016-10-07 00:00:00 UTC | Zacks.com featured highlights: Hasbro, Asbury Automotive Group, Home Depot, Innoviva and ZIOPHARM Oncology | ABG | https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-hasbro-asbury-automotive-group-home-depot-innoviva-and | nan | nan | For Immediate Release
Chicago, IL - October 07, 2016 - Stocks in this week's article include: Hasbro Inc. (NASDAQ: HAS - Free Report ), Asbury Automotive Group Inc. (NYSE: ABG - Free Report ), Home Depot Inc. (NYSE: HD - Free Report ), Innoviva Inc. (NASDAQ: INVA - Free Report ) and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ).
Screen of the Week of Zacks Investment Research:
Look Beyond Bargain Hunting: Buy 5 Stocks with Rising P/E
Investors are always hunting for stocks with low P/E which indicates undervaluation. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings.
The lower the P/E of a stock, the better for a value investor. This is because value investors believe that a company's earnings growth potential is not priced in at the current level and thus the stock has higher chances of outperformance, going forward.
Naturally, there are very few investors who pay attention to stocks with an increasing P/E. But this often overlooked trend can prove worthwhile in finding great stocks. Let's dig a little deeper.
Rising P/E: An Useful Tool
Investors should note that stock prices move in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the forward guidance in turn boost earnings forecasts, leading to stronger demand for the stock and an uptrend in its price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. All these make the case for a rising P/E a lucrative investing criterion.
The Winning Strategy
In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters.
EPS growth estimate for the current year is greater than or equal to last year's actual growth
Percentage change in last year EPS should be greater than or equal to the previous year
(These two criteria point to flat earnings or a growth trend over the years).
Percentage change in price over four weeks greater than the percentage change in price over 12 weeks
Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks
(These two criteria show that price of the stock is increasing consistently over the said timeframes).
Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500
Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500
(Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500).
Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100%
(A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal).
In addition, we place a few other criteria that lead us to some likely outperformers.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
Just these few criteria narrowed down the universe from over 7,700 stocks to just 14.
Here are five out of the 14 stocks:
Hasbro Inc. (NASDAQ: HAS - Free Report ) : This is a games and toys company within the Zacks Industry Rank in the top 7%. The stock has a Zacks Rank #2.
Asbury Automotive Group Inc. (NYSE: ABG - Free Report ) : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. The stock has a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
The Home Depot Inc. (NYSE: HD - Free Report ) : This Zacks Rank #2 company is a home improvement retailer. The Zacks Industry Rank is in the top 40%.
Innoviva Inc. (NASDAQ: INVA - Free Report ) : The Zacks Rank #2 company is into the biopharmaceuticals industry. The Zacks Industry Rank is in the top 40%.
ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ) : This is a biopharmaceutical company dealing with in-licensed cancer drugs. The Zacks Industry Rank is in the top 40% and the stock has a Zacks Rank #2.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .
Get the full Report on HAS - FREE
Get the full Report on ABG - FREE
Get the full Report on HD - FREE
Get the full Report on INVA - FREE
Get the full Report on ZIOP - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/performance
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HASBRO INC (HAS): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
INNOVIVA INC (INVA): Free Stock Analysis Report
ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - October 07, 2016 - Stocks in this week's article include: Hasbro Inc. (NASDAQ: HAS - Free Report ), Asbury Automotive Group Inc. (NYSE: ABG - Free Report ), Home Depot Inc. (NYSE: HD - Free Report ), Innoviva Inc. (NASDAQ: INVA - Free Report ) and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ). Asbury Automotive Group Inc. (NYSE: ABG - Free Report ) : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. Get the full Report on HAS - FREE Get the full Report on ABG - FREE Get the full Report on HD - FREE Get the full Report on INVA - FREE Get the full Report on ZIOP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. | For Immediate Release Chicago, IL - October 07, 2016 - Stocks in this week's article include: Hasbro Inc. (NASDAQ: HAS - Free Report ), Asbury Automotive Group Inc. (NYSE: ABG - Free Report ), Home Depot Inc. (NYSE: HD - Free Report ), Innoviva Inc. (NASDAQ: INVA - Free Report ) and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ). Click to get this free report HASBRO INC (HAS): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group Inc. (NYSE: ABG - Free Report ) : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. | For Immediate Release Chicago, IL - October 07, 2016 - Stocks in this week's article include: Hasbro Inc. (NASDAQ: HAS - Free Report ), Asbury Automotive Group Inc. (NYSE: ABG - Free Report ), Home Depot Inc. (NYSE: HD - Free Report ), Innoviva Inc. (NASDAQ: INVA - Free Report ) and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ). Get the full Report on HAS - FREE Get the full Report on ABG - FREE Get the full Report on HD - FREE Get the full Report on INVA - FREE Get the full Report on ZIOP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report HASBRO INC (HAS): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago, IL - October 07, 2016 - Stocks in this week's article include: Hasbro Inc. (NASDAQ: HAS - Free Report ), Asbury Automotive Group Inc. (NYSE: ABG - Free Report ), Home Depot Inc. (NYSE: HD - Free Report ), Innoviva Inc. (NASDAQ: INVA - Free Report ) and ZIOPHARM Oncology Inc. (NASDAQ: ZIOP - Free Report ). Asbury Automotive Group Inc. (NYSE: ABG - Free Report ) : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. Get the full Report on HAS - FREE Get the full Report on ABG - FREE Get the full Report on HD - FREE Get the full Report on INVA - FREE Get the full Report on ZIOP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. |
28855.0 | 2016-10-06 00:00:00 UTC | Look Beyond Bargain Hunting: Buy 5 Stocks with Rising P/E | ABG | https://www.nasdaq.com/articles/look-beyond-bargain-hunting%3A-buy-5-stocks-with-rising-p-e-2016-10-06 | nan | nan | Investors are always hunting for stocks with low P/E which indicates undervaluation. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings.
The lower the P/E of a stock, the better for a value investor. This is because value investors believe that a company's earnings growth potential is not priced in at the current level and thus the stock has higher chances of outperformance, going forward.
Naturally, there are very few investors who pay attention to stocks with an increasing P/E. But this often overlooked trend can prove worthwhile in finding great stocks. Let's dig a little deeper.
Rising P/E: An Useful Tool
Investors should note that stock prices move in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the forward guidance in turn boost earnings forecasts, leading to stronger demand for the stock and an uptrend in its price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. All these make the case for a rising P/E a lucrative investing criterion.
The Winning Strategy
In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters.
EPS growth estimate for the current year is greater than or equal to last year's actual growth
Percentage change in last year EPS should be greater than or equal to the previous year
(These two criteria point to flat earnings or a growth trend over the years).
Percentage change in price over four weeks greater than the percentage change in price over 12 weeks
Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks
(These two criteria show that price of the stock is increasing consistently over the said timeframes).
Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500
Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500
(Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500).
Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100%
(A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal).
In addition, we place a few other criteria that lead us to some likely outperformers.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
Just these few criteria narrowed down the universe from over 7,700 stocks to just 14.
Here are five out of the 14 stocks:
Hasbro Inc.HAS : This is a games and toys company within the Zacks Industry Rank in the top 7%. The stock has a Zacks Rank #2.
Asbury Automotive Group Inc.ABG : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. The stock has a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
The Home Depot Inc.HD : This Zacks Rank #2 company is a home improvement retailer. The Zacks Industry Rank is in the top 40%.
Innoviva Inc.INVA : The Zacks Rank #2 company is into the biopharmaceuticals industry. The Zacks Industry Rank is in the top 40%.
ZIOPHARM Oncology Inc.ZIOP : This is a biopharmaceutical company dealing with in-licensed cancer drugs. The Zacks Industry Rank is in the top 40% and the stock has a Zacks Rank #2.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:http://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report
HASBRO INC (HAS): Free Stock Analysis Report
INNOVIVA INC (INVA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group Inc.ABG : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report HASBRO INC (HAS): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report To read this article on Zacks.com click here. This is because value investors believe that a company's earnings growth potential is not priced in at the current level and thus the stock has higher chances of outperformance, going forward. | Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report HASBRO INC (HAS): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group Inc.ABG : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. EPS growth estimate for the current year is greater than or equal to last year's actual growth Percentage change in last year EPS should be greater than or equal to the previous year (These two criteria point to flat earnings or a growth trend over the years). | Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report HASBRO INC (HAS): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group Inc.ABG : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. Percentage change in price over four weeks greater than the percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes). | Asbury Automotive Group Inc.ABG : One of the largest automotive retailers in the U.S., company falls within the Zacks Industry Rank in the top 13%. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report ZIOPHARM ONCLGY (ZIOP): Free Stock Analysis Report HASBRO INC (HAS): Free Stock Analysis Report INNOVIVA INC (INVA): Free Stock Analysis Report To read this article on Zacks.com click here. Rising P/E: An Useful Tool Investors should note that stock prices move in tandem with earnings performance. |
28856.0 | 2016-10-05 00:00:00 UTC | ABG Makes Bullish Cross Above Critical Moving Average | ABG | https://www.nasdaq.com/articles/abg-makes-bullish-cross-above-critical-moving-average-2016-10-05 | nan | nan | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed above their 200 day moving average of $56.01, changing hands as high as $56.26 per share. Asbury Automotive Group, Inc shares are currently trading up about 4% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $43.56 per share, with $87.63 as the 52 week high point - that compares with a last trade of $56.26.
According to the ETF Finder at ETF Channel, ABG makes up 1.12% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading higher by about 1.2% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed above their 200 day moving average of $56.01, changing hands as high as $56.26 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $43.56 per share, with $87.63 as the 52 week high point - that compares with a last trade of $56.26. According to the ETF Finder at ETF Channel, ABG makes up 1.12% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading higher by about 1.2% on the day Wednesday. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed above their 200 day moving average of $56.01, changing hands as high as $56.26 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $43.56 per share, with $87.63 as the 52 week high point - that compares with a last trade of $56.26. According to the ETF Finder at ETF Channel, ABG makes up 1.12% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading higher by about 1.2% on the day Wednesday. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed above their 200 day moving average of $56.01, changing hands as high as $56.26 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $43.56 per share, with $87.63 as the 52 week high point - that compares with a last trade of $56.26. According to the ETF Finder at ETF Channel, ABG makes up 1.12% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading higher by about 1.2% on the day Wednesday. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed above their 200 day moving average of $56.01, changing hands as high as $56.26 per share. According to the ETF Finder at ETF Channel, ABG makes up 1.12% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading higher by about 1.2% on the day Wednesday. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $43.56 per share, with $87.63 as the 52 week high point - that compares with a last trade of $56.26. |
28857.0 | 2016-09-13 00:00:00 UTC | Analysts Expect 11% Upside For EZY | ABG | https://www.nasdaq.com/articles/analysts-expect-11-upside-ezy-2016-09-13 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree LargeCap Value Fund ETF (Symbol: EZY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $70.28 per unit.
With EZY trading at a recent price near $63.56 per unit, that means that analysts see 10.58% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EZY's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), National General Holdings Corp (Symbol: NGHC), and CNO Financial Group Inc (Symbol: CNO). Although ABG has traded at a recent price of $54.85/share, the average analyst target is 28.40% higher at $70.43/share. Similarly, NGHC has 21.49% upside from the recent share price of $21.95 if the average analyst target price of $26.67/share is reached, and analysts on average are expecting CNO to reach a target price of $19.25/share, which is 20.61% above the recent price of $15.96. Below is a twelve month price history chart comparing the stock performance of ABG, NGHC, and CNO:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ABG has traded at a recent price of $54.85/share, the average analyst target is 28.40% higher at $70.43/share. Below is a twelve month price history chart comparing the stock performance of ABG, NGHC, and CNO: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EZY's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), National General Holdings Corp (Symbol: NGHC), and CNO Financial Group Inc (Symbol: CNO). | Three of EZY's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), National General Holdings Corp (Symbol: NGHC), and CNO Financial Group Inc (Symbol: CNO). Although ABG has traded at a recent price of $54.85/share, the average analyst target is 28.40% higher at $70.43/share. Below is a twelve month price history chart comparing the stock performance of ABG, NGHC, and CNO: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Below is a twelve month price history chart comparing the stock performance of ABG, NGHC, and CNO: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EZY's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), National General Holdings Corp (Symbol: NGHC), and CNO Financial Group Inc (Symbol: CNO). Although ABG has traded at a recent price of $54.85/share, the average analyst target is 28.40% higher at $70.43/share. | Three of EZY's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), National General Holdings Corp (Symbol: NGHC), and CNO Financial Group Inc (Symbol: CNO). Although ABG has traded at a recent price of $54.85/share, the average analyst target is 28.40% higher at $70.43/share. Below is a twelve month price history chart comparing the stock performance of ABG, NGHC, and CNO: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? |
28858.0 | 2016-07-22 00:00:00 UTC | Asbury Automotive Group (ABG) is in Overbought Territory: What's Next? | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-abg-is-in-overbought-territory%3A-whats-next-2016-07-22 | nan | nan | Asbury Automotive Group, Inc.ABG has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABG is now in overbought territory with an RSI value of 70.24.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet ABG's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Asbury Automotive Group's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of ABG's prospects for the near term.
Over the past two months, investors have witnessed 2 earnings estimates revision lower compared to none higher for the current year. The consensus estimate for ABG has also been on a downward trend over the same time period too, as the estimate has fallen from -$6.10/share two months ago to just $6.08/share today.
If this wasn't enough, Asbury Automotive Group also has a Zacks Rank #4 (Sell)which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Factors Yet ABG's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Asbury Automotive Group's stock as of late. Asbury Automotive Group, Inc.ABG has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABG is now in overbought territory with an RSI value of 70.24. | Other Factors Yet ABG's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Asbury Automotive Group's stock as of late. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG has moved higher as of late, but there could definitely be trouble on the horizon for this company. | Other Factors Yet ABG's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Asbury Automotive Group's stock as of late. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG has moved higher as of late, but there could definitely be trouble on the horizon for this company. | Other Factors Yet ABG's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Asbury Automotive Group's stock as of late. Asbury Automotive Group, Inc.ABG has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABG is now in overbought territory with an RSI value of 70.24. |
28859.0 | 2016-07-07 00:00:00 UTC | Zacks.com featured highlights: Asbury Automotive Group, AmerisourceBergen, AutoNation, Global Brass & Copper and Bunge | ABG | https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-asbury-automotive-group-amerisourcebergen-autonation-global | nan | nan | For Immediate Release
Chicago, IL - July 07, 2016 - Stocks in this week's article include: Asbury Automotive Group, Inc. ( ABG ), AmerisourceBergen ( ABC ), AutoNation, Inc. ( AN ), Global Brass & Copper Holdings, Inc. ( BRSS ) and Bunge Ltd. ( BG ).
Screen of the Week of Zacks Investment Research:
5 Stocks Set to Gain from Recent Broker Rating Upgrades
Sometimes in life, one ends up taking incorrect decisions in the absence of proper guidance. The same is often true in the investing world. With stocks flooding the investing space, it is very hard if not impossible for investors to add the right bunch to their portfolio for handsome returns without proper pointers.
After all, no one wants to see his hard earned money go down the drain, which is usually the result if one invests in stocks arbitrarily. To avoid such a fiasco, one should pay heed to what analysts are saying about a stock before investing in it.
Of the three types of analysts (sell-side, buy-side and independent) present in the investment world, sell-side analysts are most common. Various brokerage firms employ them to provide unbiased opinion to investors after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors. So, an analyst, irrespective of the type, does extensive research on the company(s) followed.
Broker Ratings Hold the Key to Buy/Sell Decisions
Given the time crunch that we all face, it is impossible for investors to follow each stock minutely. So, it is best to follow expert advice. Brokers, by virtue of their detailed study, are armed with information on various aspects of the companies they follow. They have a lot more information on a company and its prospects than normal people as they not only scrutinize publicly available financial documents but also attend company conference calls and other presentations.
Since brokers arrive at their recommendation (buy, sell or hold) on a stock after thoroughly analyzing the nitty-gritties associated with the company, it is natural that if investors them improving their recommendation on a particular stock, they are inclined to believe that there is a solid reason/logic behind it. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
For example, in the event of oil prices plummeting, analysts are likely to become bullish on an airline stock which might lead them to raise their earnings estimates and improve their target price. The bullish stance adopted by analysts on the stock serves as an important guide for investors on whether they should spend their hard-earned money on it. On the other hand, in the event of estimates moving south, which can happen due to lower-than-expected earnings/modest sales or pipeline failure (for a biotech company), investors tend to offload the stock from their portfolio.
The Winning Strategy
Our screen based on improving analyst recommendation and upward revisions to earnings estimates over the last four weeks takes care of the bottom-line performance of stocks. But what about the top line? To take care of its revenue performance, we have included the price/sales ratio which serves as a strong complementary valuation metric.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a full-proof and winning one, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for mostinvestors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
Asbury Automotive Group, Inc. ( ABG ): Headquartered in Duluth, GA, Asbury Automotive is a premium auto dealership company. Increasing employment, auto credit facilities and higher per capita disposable income levels give the company scope for growth. The 2016 earnings per share growth rate for the company is 9.10%, a lot higher than the industry average.
AmerisourceBergen ( ABC ): Headquartered in Chesterbrook, PA, this is one of the world's largest pharmaceutical services companies, which focuses on providing drug distribution and related services to reduce health care costs and improve patient outcome. The company has an impressive track record with respect to earnings, having surpassed the Zacks Consensus Estimate in three of the last four quarters by an average of 2.69%.
AutoNation, Inc. ( AN ): The company, based in Fort Lauderdale, FL, is the largest automotive retailer in the U.S. and about twice the size of its nearest competitor. The company also offers vehicle maintenance and repair services, vehicle parts, extended service contracts, vehicle protection products and other aftermarket products. In addition, it arranges financing for vehicle purchases through third-party sources. The company's 2016 earnings are projected to grow at 7.30%, which is higher than the industry average of 5.50%.
Global Brass & Copper Holdings, Inc. ( BRSS ): The company, based in Schaumburg, IL, is a converter, fabricator, distributor and processor of copper and brass products primarily in North America. The company also engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products. The company's 2016 earnings are projected to grow at 4.10%, which compares favorably to the industry average of a loss of 3.10%.
Bunge Ltd. ( BG ): Based in White Plains, NY, Bunge is a leading agribusiness and food company with over 35,000 employees and operations in about 40 countries. It is a global leader in oilseed processing, and grain & oilseed marketing. The company's 2016 earnings are projected to grow at 10.60%, which is higher than the industry average of 9.90%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
Zacks Restaurant Recommendations:In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/performance
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
AMERISOURCEBRGN (ABC): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
GLOBAL B&C HLD (BRSS): Free Stock Analysis Report
BUNGE LTD (BG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL - July 07, 2016 - Stocks in this week's article include: Asbury Automotive Group, Inc. ( ABG ), AmerisourceBergen ( ABC ), AutoNation, Inc. ( AN ), Global Brass & Copper Holdings, Inc. ( BRSS ) and Bunge Ltd. ( BG ). Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc. ( ABG ): Headquartered in Duluth, GA, Asbury Automotive is a premium auto dealership company. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AMERISOURCEBRGN (ABC): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report GLOBAL B&C HLD (BRSS): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago, IL - July 07, 2016 - Stocks in this week's article include: Asbury Automotive Group, Inc. ( ABG ), AmerisourceBergen ( ABC ), AutoNation, Inc. ( AN ), Global Brass & Copper Holdings, Inc. ( BRSS ) and Bunge Ltd. ( BG ). Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AMERISOURCEBRGN (ABC): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report GLOBAL B&C HLD (BRSS): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc. ( ABG ): Headquartered in Duluth, GA, Asbury Automotive is a premium auto dealership company. | Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AMERISOURCEBRGN (ABC): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report GLOBAL B&C HLD (BRSS): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 07, 2016 - Stocks in this week's article include: Asbury Automotive Group, Inc. ( ABG ), AmerisourceBergen ( ABC ), AutoNation, Inc. ( AN ), Global Brass & Copper Holdings, Inc. ( BRSS ) and Bunge Ltd. ( BG ). Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc. ( ABG ): Headquartered in Duluth, GA, Asbury Automotive is a premium auto dealership company. | For Immediate Release Chicago, IL - July 07, 2016 - Stocks in this week's article include: Asbury Automotive Group, Inc. ( ABG ), AmerisourceBergen ( ABC ), AutoNation, Inc. ( AN ), Global Brass & Copper Holdings, Inc. ( BRSS ) and Bunge Ltd. ( BG ). Here are five of the 10 stocks that made it through the screen: Asbury Automotive Group, Inc. ( ABG ): Headquartered in Duluth, GA, Asbury Automotive is a premium auto dealership company. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AMERISOURCEBRGN (ABC): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report GLOBAL B&C HLD (BRSS): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. |
28860.0 | 2016-06-09 00:00:00 UTC | Commit To Purchase Asbury Automotive Group At $45, Earn 7.4% Annualized Using Options | ABG | https://www.nasdaq.com/articles/commit-purchase-asbury-automotive-group-45-earn-74-annualized-using-options-2016-06-09 | nan | nan | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but cautious about paying the going market price of $55.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $45 strike, which has a bid at the time of this writing of $2.05. Collecting that bid as the premium represents a 4.6% return against the $45 commitment, or a 7.4% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $45 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Asbury Automotive Group, Inc sees its shares fall 19.9% and the contract is exercised (resulting in a cost basis of $42.95 per share before broker commissions, subtracting the $2.05 from $45), the only upside to the put seller is from collecting that premium for the 7.4% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Asbury Automotive Group, Inc, and highlighting in green where the $45 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2017 put at the $45 strike for the 7.4% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Asbury Automotive Group, Inc (considering the last 253 trading day closing values as well as today's price of $55.86) to be 41%. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 572,220 contracts, with call volume at 675,948, for a put:call ratio of 0.85 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but cautious about paying the going market price of $55.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but cautious about paying the going market price of $55.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but cautious about paying the going market price of $55.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but cautious about paying the going market price of $55.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. |
28861.0 | 2016-04-26 00:00:00 UTC | Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks | ABG | https://www.nasdaq.com/articles/tuesday-sector-leaders-auto-dealerships-home-furnishings-improvement-stocks-2016-04-26 | nan | nan | In trading on Tuesday, auto dealerships shares were relative leaders, up on the day by about 3.8%. Leading the group were shares of Sonic Automotive, up about 14.7% and shares of Asbury Automotive Group up about 8.4% on the day.
Also showing relative strength are home furnishings & improvement shares, up on the day by about 3.2% as a group, led by The Container Store Group, trading higher by about 19.7% and Ethan Allen Interiors, trading higher by about 12.9% on Tuesday.
VIDEO: Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, auto dealerships shares were relative leaders, up on the day by about 3.8%. Also showing relative strength are home furnishings & improvement shares, up on the day by about 3.2% as a group, led by The Container Store Group, trading higher by about 19.7% and Ethan Allen Interiors, trading higher by about 12.9% on Tuesday. VIDEO: Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, auto dealerships shares were relative leaders, up on the day by about 3.8%. VIDEO: Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Leading the group were shares of Sonic Automotive, up about 14.7% and shares of Asbury Automotive Group up about 8.4% on the day. Also showing relative strength are home furnishings & improvement shares, up on the day by about 3.2% as a group, led by The Container Store Group, trading higher by about 19.7% and Ethan Allen Interiors, trading higher by about 12.9% on Tuesday. VIDEO: Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, auto dealerships shares were relative leaders, up on the day by about 3.8%. Also showing relative strength are home furnishings & improvement shares, up on the day by about 3.2% as a group, led by The Container Store Group, trading higher by about 19.7% and Ethan Allen Interiors, trading higher by about 12.9% on Tuesday. VIDEO: Tuesday Sector Leaders: Auto Dealerships, Home Furnishings & Improvement Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
28862.0 | 2016-04-22 00:00:00 UTC | Should You Buy Asbury Automotive Group (ABG) Ahead of Earnings? | ABG | https://www.nasdaq.com/articles/should-you-buy-asbury-automotive-group-abg-ahead-of-earnings-2016-04-22 | nan | nan | Investors are always looking for stocks that are poised to beat at earnings season and Asbury Automotive Group, Inc. ABG may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Asbury Automotive Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for ABG in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.35 per share for ABG, compared to a broader Zacks Consensus Estimate of $1.33 per share. This suggests that analysts have very recently bumped up their estimates for ABG, giving the stock a Zacks Earnings ESP of 1.50% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ).
Given that ABG has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Asbury Automotive Group, and that a beat might be in the cards for the upcoming report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors are always looking for stocks that are poised to beat at earnings season and Asbury Automotive Group, Inc. ABG may be one such company. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for ABG in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $1.35 per share for ABG, compared to a broader Zacks Consensus Estimate of $1.33 per share. | Investors are always looking for stocks that are poised to beat at earnings season and Asbury Automotive Group, Inc. ABG may be one such company. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for ABG in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $1.35 per share for ABG, compared to a broader Zacks Consensus Estimate of $1.33 per share. | This suggests that analysts have very recently bumped up their estimates for ABG, giving the stock a Zacks Earnings ESP of 1.50% heading into earnings season. Given that ABG has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Asbury Automotive Group, Inc. ABG may be one such company. | Given that ABG has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Asbury Automotive Group, Inc. ABG may be one such company. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for ABG in this report. |
28863.0 | 2016-03-18 00:00:00 UTC | Analysts Forecast 11% Gains Ahead For The Holdings of XRT | ABG | https://www.nasdaq.com/articles/analysts-forecast-11-gains-ahead-holdings-xrt-2016-03-18 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P Retail ETF (Symbol: XRT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $50.95 per unit.
With XRT trading at a recent price near $45.77 per unit, that means that analysts see 11.32% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XRT's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), Chico's FAS Inc (Symbol: CHS), and GUESS ?, Inc. (Symbol: GES). Although ABG has traded at a recent price of $58.99/share, the average analyst target is 25.73% higher at $74.17/share. Similarly, CHS has 19.19% upside from the recent share price of $12.69 if the average analyst target price of $15.12/share is reached, and analysts on average are expecting GES to reach a target price of $20.91/share, which is 14.51% above the recent price of $18.26. Below is a twelve month price history chart comparing the stock performance of ABG, CHS, and GES:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ABG has traded at a recent price of $58.99/share, the average analyst target is 25.73% higher at $74.17/share. Below is a twelve month price history chart comparing the stock performance of ABG, CHS, and GES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XRT's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), Chico's FAS Inc (Symbol: CHS), and GUESS ?, Inc. (Symbol: GES). | Three of XRT's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), Chico's FAS Inc (Symbol: CHS), and GUESS ?, Inc. (Symbol: GES). Although ABG has traded at a recent price of $58.99/share, the average analyst target is 25.73% higher at $74.17/share. Below is a twelve month price history chart comparing the stock performance of ABG, CHS, and GES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Below is a twelve month price history chart comparing the stock performance of ABG, CHS, and GES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XRT's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), Chico's FAS Inc (Symbol: CHS), and GUESS ?, Inc. (Symbol: GES). Although ABG has traded at a recent price of $58.99/share, the average analyst target is 25.73% higher at $74.17/share. | Below is a twelve month price history chart comparing the stock performance of ABG, CHS, and GES: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XRT's underlying holdings with notable upside to their analyst target prices are Asbury Automotive Group, Inc (Symbol: ABG), Chico's FAS Inc (Symbol: CHS), and GUESS ?, Inc. (Symbol: GES). Although ABG has traded at a recent price of $58.99/share, the average analyst target is 25.73% higher at $74.17/share. |
28864.0 | 2016-02-24 00:00:00 UTC | Commit To Buy Asbury Automotive Group At $45, Earn 10.5% Annualized Using Options | ABG | https://www.nasdaq.com/articles/commit-buy-asbury-automotive-group-45-earn-105-annualized-using-options-2016-02-24 | nan | nan | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but tentative about paying the going market price of $56.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $45 strike, which has a bid at the time of this writing of $3.10. Collecting that bid as the premium represents a 6.9% return against the $45 commitment, or a 10.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $45 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Asbury Automotive Group, Inc sees its shares decline 20.1% and the contract is exercised (resulting in a cost basis of $41.90 per share before broker commissions, subtracting the $3.10 from $45), the only upside to the put seller is from collecting that premium for the 10.5% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Asbury Automotive Group, Inc, and highlighting in green where the $45 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $45 strike for the 10.5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Asbury Automotive Group, Inc (considering the last 253 trading day closing values as well as today's price of $56.27) to be 37%. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 941,531 contracts, with call volume at 1.02M, for a put:call ratio of 0.93 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but tentative about paying the going market price of $56.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but tentative about paying the going market price of $56.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but tentative about paying the going market price of $56.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) shares, but tentative about paying the going market price of $56.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. |
28865.0 | 2016-02-15 00:00:00 UTC | Ronald Muhlenkamp Sells Stakes in Medtronic and State Street | ABG | https://www.nasdaq.com/articles/ronald-muhlenkamp-sells-stakes-medtronic-and-state-street-2016-02-15 | nan | nan | Ronald Muhlenkamp ( Trades , Portfolio ), founder and president of Muhlenkamp & Co. Inc. and portfolio manager for its mutual fund, acquired half a dozen new holdings in the fourth quarter, but his biggest transactions were divestitures.
Muhlenkamp's most significant fourth-quarter transaction was the sale of his 173,364-share stake in Medtronic PLC ( MDT ), a medical equipment company based in Dublin. Muhlenkamp sold the stake for an average price of $75.44 per share. The divestiture had a -3.41% impact on Muhlenkamp's portfolio.
James Barrow ( Trades , Portfolio ) is Medtronic's leading shareholder among the gurus. Barrow has 30,282,119 shares in his portfolio. That is 1.68% of Medtronic's outstanding shares and 3.47% of Barrow's total assets.
Medtronic has a P/E of 44.8, a forward P/E of 15.1, a P/B of 2 and a P/S of 3.5. GuruFocus gives Medtronic a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Muhlenkamp sold his 135,712-share stake in State Street Corp. ( STT ), a Boston-based financial services holding company, for an average price of $69.5 per share. The deal had a -2.68% impact on Muhlenkamp's portfolio.
Barrow is State Street's leading shareholder among the gurus with a stake of 10,082,912 shares. The holding is 2.5% of State Street's outstanding shares and 1% of Barrow's total assets.
State Street has a P/E of 12.8, a forward P/E of 10.1, a P/B of 1.2 and a P/S of 2.2. GuruFocus gives State Street a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
The guru sold his 81,685-share stake in Asbury Automotive Group Inc. ( ABG ), an operator of automobile dealerships with a headquarters in Atlanta. Muhlenkamp sold the stake for an average price of $75.93 per share in a deal that had a -1.95% impact on his portfolio.
Michael Dell ( Trades , Portfolio ) is Asbury Automotive Group's leading shareholder among the gurus with a stake of 2,225,596 shares. The stake is 8.77% of Asbury Automotive Group's outstanding shares and 24.08% of Dell's total assets.
Asbury Automotive Group has a P/E of 9.4, a forward P/E of 7.5, a P/B of 4 and a P/S of 0.2. GuruFocus gives Asbury Automotive Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Muhlenkamp sold his 178,179-share stake in Innovative Solutions and Support Inc. ( ISSC ), an aerospace company based in Exton, Pennsylvania. Muhlenkamp sold the shares for an average price of $2.57. The transaction had a -0.14% impact on his portfolio.
Jim Simons ( Trades , Portfolio ) is Innovative Solutions' leading shareholder among the gurus with a stake of 204,925. The stake is 1.21% of Innovative Solutions' outstanding shares.
Innovative Solutions has a forward P/E of 9.5, a P/B of 1.4 and a P/S of 2.3. GuruFocus gives Innovative Solutions a Financial Strength rating of 7/10 and
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The guru sold his 81,685-share stake in Asbury Automotive Group Inc. ( ABG ), an operator of automobile dealerships with a headquarters in Atlanta. Muhlenkamp's most significant fourth-quarter transaction was the sale of his 173,364-share stake in Medtronic PLC ( MDT ), a medical equipment company based in Dublin. Muhlenkamp sold his 135,712-share stake in State Street Corp. ( STT ), a Boston-based financial services holding company, for an average price of $69.5 per share. | The guru sold his 81,685-share stake in Asbury Automotive Group Inc. ( ABG ), an operator of automobile dealerships with a headquarters in Atlanta. Michael Dell ( Trades , Portfolio ) is Asbury Automotive Group's leading shareholder among the gurus with a stake of 2,225,596 shares. GuruFocus gives Asbury Automotive Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10. | The guru sold his 81,685-share stake in Asbury Automotive Group Inc. ( ABG ), an operator of automobile dealerships with a headquarters in Atlanta. Muhlenkamp sold his 135,712-share stake in State Street Corp. ( STT ), a Boston-based financial services holding company, for an average price of $69.5 per share. Muhlenkamp sold the stake for an average price of $75.93 per share in a deal that had a -1.95% impact on his portfolio. | The guru sold his 81,685-share stake in Asbury Automotive Group Inc. ( ABG ), an operator of automobile dealerships with a headquarters in Atlanta. Barrow has 30,282,119 shares in his portfolio. Muhlenkamp sold the stake for an average price of $75.93 per share in a deal that had a -1.95% impact on his portfolio. |
28866.0 | 2016-01-08 00:00:00 UTC | Penske Automotive (PAG) Buys 49% Stake in Nicole Group | ABG | https://www.nasdaq.com/articles/penske-automotive-pag-buys-49-stake-in-nicole-group-2016-01-08 | nan | nan | Penske Automotive Group, Inc.PAG announced that it has acquired a 49% equity ownership interest in the Nicole Group. This is a luxury dealership group that operates in Kanagawa and Tokyo, Japan.
The Nicole dealership group operates 4 BMW and 3 MINI dealerships, along with a Rolls-Royce and a Ferrari dealership, 2 stand-alone service centers and 2 pre-owned showrooms. The group is also the exclusive importer and distributor of BMW Alpina vehicles for Japan.
With this stake buy, Penske Automotive has entered the Japanese market with a strong and established local partner. The company expects to benefit from the strength of the luxury dealership group's existing business in addition to expanding further through growth and acquisitions.
Penske Automotive will consider this ownership interest as an equity investment. The company aims to boost earnings by expanding its dealership network. In Jan 2015, Penske Automotive acquired a Land Rover dealership in Darien, CT, which is anticipated to generate annual revenues of $50 million. In Feb 2015, the company completed the acquisition of Freightliner medium- and heavy-duty commercial truck dealerships operating in the Chattanooga and Knoxville, TN markets. With this, the company expanded its commercial truck dealership footprint in these new markets. These dealerships are expected to add annual revenues of $200 million. The company believes that there are further acquisition opportunities for its retail commercial vehicle dealership operations in the U.S. and commercial vehicle distribution operations in Australia.
In Nov 2015, Penske Automotive announced the acquisition of Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth in Monmouth County, NJ, from the Schneider Nelson Auto Group. These four franchises are expected to record annual sales of around 2,400 new and used vehicles and annual revenues of around $175 million. The acquisition will enhance the company's premium/luxury brand mix.
Penske Automotive currently carries a Zacks Rank #3 (Hold). Some better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
AUTOLIV INC (ALV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy). Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report To read this article on Zacks.com click here. In Jan 2015, Penske Automotive acquired a Land Rover dealership in Darien, CT, which is anticipated to generate annual revenues of $50 million. | Some better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy). Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group, Inc.PAG announced that it has acquired a 49% equity ownership interest in the Nicole Group. | Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy). The Nicole dealership group operates 4 BMW and 3 MINI dealerships, along with a Rolls-Royce and a Ferrari dealership, 2 stand-alone service centers and 2 pre-owned showrooms. | Some better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy). Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report To read this article on Zacks.com click here. The company expects to benefit from the strength of the luxury dealership group's existing business in addition to expanding further through growth and acquisitions. |
28867.0 | 2016-01-07 00:00:00 UTC | AutoNation's (AN) Warning Hits Dealership Stocks Hard | ABG | https://www.nasdaq.com/articles/autonations-an-warning-hits-dealership-stocks-hard-2016-01-07 | nan | nan | Shares of AutoNation, Inc.AN fell 10.54% on Jan 6, after the auto retailer announced that it expects a decline in gross profit for the fourth quarter of 2015. The company estimates that gross profit per vehicle (both new and used) will decrease by $250-$300 from that earned in the fourth quarter of 2014.
According to AutoNation, the fall in gross profit resulted from significant retail discounts, mainly in the Premium Luxury segment. Rising inventories, higher incentives from manufacturers and additional discounts from retailers are weighing on the profits of the auto industry. AutoNation is undertaking different strategies to manage its costs, inventory and pricing strategy.
AutoNation's lowered gross margin outlook weighed on the stock. Moreover, the warning adversely impacted the other stocks in auto retail industry. All major stocks in the industry recorded a decline in share price following the announcement.
Share price of Group 1 Automotive Inc. GPI declined 10.92% to $63.89 on Jan 6, while shares of Asbury Automotive Group, Inc. ABG tumbled 11.96% to $57.34. Lithia Motors Inc. LAD recorded a 9.89% decline in share price to $89.06. The auto retail industry is under pressure due to surplus inventory owing to consumer preference for low and mid-priced vehicles. Sluggish demand in China also resulted in increased inventory for U.S automakers.
Meanwhile, AutoNation reported that its new vehicle sales increased 9% year over year to 35,962 units in Dec 2015. On a same-store basis, retail new vehicle sales rose 5% from the year-ago figure. The company stated that sales benefitted from three extra calendar days in Dec 2015 compared to Dec 2014, as well as the high discounts offered.
Retail new vehicle unit sales in AutoNation's Domestic segment went up 16% to 10,985 vehicles. Sales at AutoNation's Import segment rose 9% year over year to 15,985 vehicles in Dec 2015. In the Premium Luxury segment, sales increased 2% year over year to 8,992 vehicles in the month.
AutoNation reported that its new vehicle sales went up 6% year over year to 89,764 units in the fourth quarter of 2015. On a same-store basis, retail new vehicle sales improved 3% from the year-ago figure.
In full-year 2015, AutoNation's new vehicle sales increased 7% year over year to 343,753 units. On a same-store basis, retail new vehicle sales were up 5% year over year.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Share price of Group 1 Automotive Inc. GPI declined 10.92% to $63.89 on Jan 6, while shares of Asbury Automotive Group, Inc. ABG tumbled 11.96% to $57.34. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AutoNation, Inc.AN fell 10.54% on Jan 6, after the auto retailer announced that it expects a decline in gross profit for the fourth quarter of 2015. | Share price of Group 1 Automotive Inc. GPI declined 10.92% to $63.89 on Jan 6, while shares of Asbury Automotive Group, Inc. ABG tumbled 11.96% to $57.34. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. In the Premium Luxury segment, sales increased 2% year over year to 8,992 vehicles in the month. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of Group 1 Automotive Inc. GPI declined 10.92% to $63.89 on Jan 6, while shares of Asbury Automotive Group, Inc. ABG tumbled 11.96% to $57.34. Meanwhile, AutoNation reported that its new vehicle sales increased 9% year over year to 35,962 units in Dec 2015. | Share price of Group 1 Automotive Inc. GPI declined 10.92% to $63.89 on Jan 6, while shares of Asbury Automotive Group, Inc. ABG tumbled 11.96% to $57.34. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AutoNation, Inc.AN fell 10.54% on Jan 6, after the auto retailer announced that it expects a decline in gross profit for the fourth quarter of 2015. |
28868.0 | 2016-01-06 00:00:00 UTC | RSI Alert: Asbury Automotive Group (ABG) Now Oversold | ABG | https://www.nasdaq.com/articles/rsi-alert-asbury-automotive-group-abg-now-oversold-2016-01-06 | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 24.0, after changing hands as low as $59.49 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 39.8. A bullish investor could look at ABG's 24.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares:
Looking at the chart above, ABG's low point in its 52 week range is $58.91 per share, with $96.58 as the 52 week high point - that compares with a last trade of $59.43.
According to the ETF Finder at ETF Channel, ABG makes up 1.88% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 0.6% on the day Wednesday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 24.0, after changing hands as low as $59.49 per share. A bullish investor could look at ABG's 24.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $58.91 per share, with $96.58 as the 52 week high point - that compares with a last trade of $59.43. | The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $58.91 per share, with $96.58 as the 52 week high point - that compares with a last trade of $59.43. In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 24.0, after changing hands as low as $59.49 per share. A bullish investor could look at ABG's 24.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 24.0, after changing hands as low as $59.49 per share. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $58.91 per share, with $96.58 as the 52 week high point - that compares with a last trade of $59.43. A bullish investor could look at ABG's 24.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Wednesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 24.0, after changing hands as low as $59.49 per share. According to the ETF Finder at ETF Channel, ABG makes up 1.88% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 0.6% on the day Wednesday. A bullish investor could look at ABG's 24.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. |
28869.0 | 2015-12-23 00:00:00 UTC | Are Investors Becoming Bullish on Asbury Automotive Group (ABG) Stock Now? | ABG | https://www.nasdaq.com/articles/are-investors-becoming-bullish-on-asbury-automotive-group-abg-stock-now-2015-12-23 | nan | nan | If you are looking for a stock in the Retail/Wholesale Auto Truck industry, Asbury Automotive Group, Inc . ABG could be one to watch closely. Right now the company has a Zacks Rank #2 (Buy) and it has been seeing rising earnings estimate revisions as of late.
In fact, the full year consensus estimate has risen from $5.61/share to $5.66/share in the past 60 days, while three estimates have gone higher for the time frame and zero have gone lower. If that wasn't enough, ABG also has Style Score grades of 'A' on both the value and growth fronts so it could be worth considering from that perspective too.
But what is the Crowd saying about this stock?
Many times, broad investor perception of a security can have a large bearing on a stock's outlook. And thanks to social media sites like Twitter, we now have an easy way to see what the masses are thinking about stocks and how they might perform in the future.
According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for ABG is 0.56, which shows social media momentum trending upward for this stock.
Generally speaking, moving averages of Crowd Sentiment Z-Scores with values above 0.2 is significant, so the rating for ABG today is indicative of broad positive Crowd opinion towards this stock in the near term. And when you add in the positive earnings estimate revisions to this story it definitely suggests that Asbury Automotive Group is a stock to put on your radar right now.
And for more data and insights on trending sentiment and buzz in social media for stocks you care about, make sure to check out marketprophit.com and their Z-Score system .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABG could be one to watch closely. If that wasn't enough, ABG also has Style Score grades of 'A' on both the value and growth fronts so it could be worth considering from that perspective too. According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for ABG is 0.56, which shows social media momentum trending upward for this stock. | According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for ABG is 0.56, which shows social media momentum trending upward for this stock. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. ABG could be one to watch closely. | According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for ABG is 0.56, which shows social media momentum trending upward for this stock. Generally speaking, moving averages of Crowd Sentiment Z-Scores with values above 0.2 is significant, so the rating for ABG today is indicative of broad positive Crowd opinion towards this stock in the near term. ABG could be one to watch closely. | According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for ABG is 0.56, which shows social media momentum trending upward for this stock. ABG could be one to watch closely. If that wasn't enough, ABG also has Style Score grades of 'A' on both the value and growth fronts so it could be worth considering from that perspective too. |
28870.0 | 2015-12-14 00:00:00 UTC | Oversold Conditions For Asbury Automotive Group (ABG) | ABG | https://www.nasdaq.com/articles/oversold-conditions-asbury-automotive-group-abg-2015-12-14 | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Monday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $68.35 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 33.3. A bullish investor could look at ABG's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $67.88 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.03. According to the ETF Finder at ETF Channel, ABG makes up 2.01% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 0.5% on the day Monday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $68.35 per share. A bullish investor could look at ABG's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $67.88 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.03. | The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $67.88 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.03. In trading on Monday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $68.35 per share. A bullish investor could look at ABG's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Monday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $68.35 per share. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $67.88 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.03. A bullish investor could look at ABG's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Monday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $68.35 per share. According to the ETF Finder at ETF Channel, ABG makes up 2.01% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 0.5% on the day Monday. A bullish investor could look at ABG's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. |
28871.0 | 2015-11-13 00:00:00 UTC | Asbury Automotive Group Becomes Oversold (ABG) | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-becomes-oversold-abg-2015-11-13 | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $68.9801 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 47.4. A bullish investor could look at ABG's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares:
Looking at the chart above, ABG's low point in its 52 week range is $68.86 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.98.
According to the ETF Finder at ETF Channel, ABG makes up 2.03% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 2.8% on the day Friday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $68.9801 per share. A bullish investor could look at ABG's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $68.86 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.98. | The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $68.86 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.98. In trading on Friday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $68.9801 per share. A bullish investor could look at ABG's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Friday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $68.9801 per share. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $68.86 per share, with $96.58 as the 52 week high point - that compares with a last trade of $68.98. A bullish investor could look at ABG's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Friday, shares of Asbury Automotive Group, Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $68.9801 per share. According to the ETF Finder at ETF Channel, ABG makes up 2.03% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 2.8% on the day Friday. A bullish investor could look at ABG's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. |
28872.0 | 2015-11-05 00:00:00 UTC | Michael Dell's Most Heavily Weighted Stocks | ABG | https://www.nasdaq.com/articles/michael-dells-most-heavily-weighted-stocks-2015-11-05 | nan | nan | Guru Michael Dell ( Trades , Portfolio ) of MSD Capital only has seven companies in his portfolio, so identifying his most heavily weighted stocks isn't difficult. The hard part is deciding where to draw the line.
In the case of Dell's portfolio, it seems prudent to draw the line below the stocks with double-digit weightings. That leaves four of the holdings in his portfolios - Asbury Automotive Group Inc. ( NYSE:ABG ), Esterline Technologies ( ESL ), DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted.
Donald Yacktman Undervalued Stocks
Donald Yacktman Top Growth Companies
Donald Yacktman High Yield stocks
Donald Yacktman Undervalued Stocks
Donald Yacktman Top Growth Companies
Donald Yacktman High Yield stocks
Donald Yacktman Undervalued Stocks
Donald Yacktman Top Growth Companies
Donald Yacktman High Yield stocks
Michael Dell Undervalued Stocks
Michael Dell Top Growth Companies
Michael Dell High Yield stocks
Asbury Automotive Group Inc.
Asbury Automotive Group, an Atlanta-based operator of automobile dealerships across the U.S., is Dell's most heavily weighted stock. Dell owns 2,225,596 shares valued at $201.68 million with a weighting of 24.89%.
Asbury Automotive Group has a market cap of $2.03 billion and an enterprise value of $3.63 billion. It has a P/E of 15.5, a forward P/E of 13.4, a P/B of 6.8 and a P/S of 0.4. GuruFocus has given Asbury Automotive Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Dell is Asbury Automotive Group's leading shareholder among the gurus. Other gurus who have shares of Asbury Automotive Group in their portfolios are Larry Robbins (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Ronald Muhlenkamp (Trades, Portfolio).
Asbury Automotive Group sold for $80.35 per share late Thursday.
Esterline Technologies
Esterline Technologies, an Indianapolis-based supplier of products and equipment for aerospace companies and military forces, is Dell's second-most heavily weighted stock. Dell has 1,954,578 shares in his portfolio. The stake is valued at $186.35 million and has a weighting of 23%.
Esterline Technologies has a market cap of $2.34 billion and an enterprise value of $3.08 billion. It has a P/E of 46.6, a forward P/E of 13.3, a P/B of 1.5 and a P/S of 1.3. GuruFocus has given Esterline Technologies a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Steven Romick (Trades, Portfolio), Robert Olstein (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Esterline Technologies in their portfolios.
Late Thursday Esterline Technologies sold for $79.39 per share.
DineEquity Inc.
DineEquity, a Glendale, Calif.-based restaurant-franchising company, is Dell's third-most heavily weighted stock. Dell owns 1,727,356 shares in DineEquity valued at $171.16 million. The stake has a weighting of 21.12%.
DineEquity has a market cap of $1.54 billion and an enterprise value of $2.86 billion. It has a P/E of 27.8, a forward P/E of 13.7, a P/B of 5.7 and a P/S of 2.3. GuruFocus has given DineEquity a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Dell is DineEquity's leading shareholder among the gurus. Other gurus who own shares of DineEquity are RS Investment Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), John Keeley (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio).
DineEquity sold for $82.78 per share late Thursday.
PVH Corp.
PVH Corp., a New York-based clothing company that owns brands such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD and Arrow, is Dell's fourth-most heavily weighted stock. Dell owns 807,018 shares in the company with a value of $92.97 million. PVH has a weighting of 11.47% in Dell's portfolio.
PVH has a market cap of $7.85 billion and an enterprise value of $10.77 billion. It has a P/E of 16.1, a forward P/E of 13.1, a P/B of 1.8 and a P/S of 1.0. GuruFocus has given PVH a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Larry Robbins (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Jim Simons (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Steven Cohen (Trades, Portfolio), John Keeley (Trades, Portfolio), Scott Black (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Ray Dalio (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of PVH in their portfolios.
PVH sold for $95.15 per share late Thursday.
To view the portfolios of more gurus, visit theList of Guruspage. Not a premium member of GuruFocus? Try it free for 7 days.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That leaves four of the holdings in his portfolios - Asbury Automotive Group Inc. ( NYSE:ABG ), Esterline Technologies ( ESL ), DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted. In the case of Dell's portfolio, it seems prudent to draw the line below the stocks with double-digit weightings. PVH Corp. PVH Corp., a New York-based clothing company that owns brands such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD and Arrow, is Dell's fourth-most heavily weighted stock. | That leaves four of the holdings in his portfolios - Asbury Automotive Group Inc. ( NYSE:ABG ), Esterline Technologies ( ESL ), DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted. Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Michael Dell Undervalued Stocks Michael Dell Top Growth Companies Michael Dell High Yield stocks Asbury Automotive Group Inc. Asbury Automotive Group, an Atlanta-based operator of automobile dealerships across the U.S., is Dell's most heavily weighted stock. Other gurus who own shares of DineEquity are RS Investment Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), John Keeley (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio). | That leaves four of the holdings in his portfolios - Asbury Automotive Group Inc. ( NYSE:ABG ), Esterline Technologies ( ESL ), DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted. Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks Michael Dell Undervalued Stocks Michael Dell Top Growth Companies Michael Dell High Yield stocks Asbury Automotive Group Inc. Asbury Automotive Group, an Atlanta-based operator of automobile dealerships across the U.S., is Dell's most heavily weighted stock. Other gurus who own shares of DineEquity are RS Investment Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), John Keeley (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio). | That leaves four of the holdings in his portfolios - Asbury Automotive Group Inc. ( NYSE:ABG ), Esterline Technologies ( ESL ), DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted. Dell has 1,954,578 shares in his portfolio. PVH has a weighting of 11.47% in Dell's portfolio. |
28873.0 | 2015-10-22 00:00:00 UTC | New Strong Buy Stocks for October 22nd | ABG | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-october-22nd-2015-10-22 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today:
Acadia Healthcare Company Inc ( ACHC )
Adecoagro SA ( AGRO )
Ally Financial Inc ( ALLY )
Amerisafe, Inc. ( AMSF )
Asbury Automotive Group, Inc. ( ABG )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ACADIA HEALTHCR (ACHC): Free Stock Analysis Report
ADECOAGRO SA (AGRO): Free Stock Analysis Report
ALLY FINANCIAL (ALLY): Free Stock Analysis Report
AMERISAFE INC (AMSF): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Acadia Healthcare Company Inc ( ACHC ) Adecoagro SA ( AGRO ) Ally Financial Inc ( ALLY ) Amerisafe, Inc. ( AMSF ) Asbury Automotive Group, Inc. ( ABG ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADECOAGRO SA (AGRO): Free Stock Analysis Report ALLY FINANCIAL (ALLY): Free Stock Analysis Report AMERISAFE INC (AMSF): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Acadia Healthcare Company Inc ( ACHC ) Adecoagro SA ( AGRO ) Ally Financial Inc ( ALLY ) Amerisafe, Inc. ( AMSF ) Asbury Automotive Group, Inc. ( ABG ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADECOAGRO SA (AGRO): Free Stock Analysis Report ALLY FINANCIAL (ALLY): Free Stock Analysis Report AMERISAFE INC (AMSF): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Acadia Healthcare Company Inc ( ACHC ) Adecoagro SA ( AGRO ) Ally Financial Inc ( ALLY ) Amerisafe, Inc. ( AMSF ) Asbury Automotive Group, Inc. ( ABG ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADECOAGRO SA (AGRO): Free Stock Analysis Report ALLY FINANCIAL (ALLY): Free Stock Analysis Report AMERISAFE INC (AMSF): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Acadia Healthcare Company Inc ( ACHC ) Adecoagro SA ( AGRO ) Ally Financial Inc ( ALLY ) Amerisafe, Inc. ( AMSF ) Asbury Automotive Group, Inc. ( ABG ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADECOAGRO SA (AGRO): Free Stock Analysis Report ALLY FINANCIAL (ALLY): Free Stock Analysis Report AMERISAFE INC (AMSF): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
28874.0 | 2015-10-13 00:00:00 UTC | Notable Two Hundred Day Moving Average Cross - ABG | ABG | https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-abg-2015-10-13 | nan | nan | In trading on Tuesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed below their 200 day moving average of $82.89, changing hands as low as $82.37 per share. Asbury Automotive Group, Inc shares are currently trading off about 2% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $60.63 per share, with $96.58 as the 52 week high point - that compares with a last trade of $82.45.
According to the ETF Finder at ETF Channel, ABG makes up 2.34% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 1.3% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed below their 200 day moving average of $82.89, changing hands as low as $82.37 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $60.63 per share, with $96.58 as the 52 week high point - that compares with a last trade of $82.45. According to the ETF Finder at ETF Channel, ABG makes up 2.34% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 1.3% on the day Tuesday. | In trading on Tuesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed below their 200 day moving average of $82.89, changing hands as low as $82.37 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $60.63 per share, with $96.58 as the 52 week high point - that compares with a last trade of $82.45. According to the ETF Finder at ETF Channel, ABG makes up 2.34% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 1.3% on the day Tuesday. | In trading on Tuesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed below their 200 day moving average of $82.89, changing hands as low as $82.37 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $60.63 per share, with $96.58 as the 52 week high point - that compares with a last trade of $82.45. According to the ETF Finder at ETF Channel, ABG makes up 2.34% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 1.3% on the day Tuesday. | In trading on Tuesday, shares of Asbury Automotive Group, Inc (Symbol: ABG) crossed below their 200 day moving average of $82.89, changing hands as low as $82.37 per share. According to the ETF Finder at ETF Channel, ABG makes up 2.34% of the PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (Symbol: PEZ) which is trading lower by about 1.3% on the day Tuesday. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $60.63 per share, with $96.58 as the 52 week high point - that compares with a last trade of $82.45. |
28875.0 | 2015-09-29 00:00:00 UTC | Group 1 Automotive (GPI) Buys Mercedes-Benz Dealership | ABG | https://www.nasdaq.com/articles/group-1-automotive-gpi-buys-mercedes-benz-dealership-2015-09-29 | nan | nan | Group 1 AutomotiveGPI announced the acquisition of a Mercedes-Benz dealership in Georgetown, TX. The dealership is located in the greater Austin metropolitan area.
The dealership will continue to operate as a Mercedes-Benz outlet and is expected to generate $100 million in annual revenues. It also includes Mercedes-Benz Sprinter commercial vehicle and Smart car franchises.
Group 1 Automotive undertakes frequent acquisitions of dealerships and franchises. The company acquired 16 franchises in 2012 and 38 in 2013. In 2014, Group 1 Automotive took over 19 franchises which are expected to record annual revenues of $910 million. Meanwhile, the company vended 12 franchises that generated revenues of $450 million last year.
In Mar 2015, the company acquired an Audi dealership in Euless, TX, in the Dallas-Fort Worth (DFW) metropolitan area. The dealership, which will operate as DFW Audi, is expected to contribute $80 million to annual sales. In the following month, Group 1 Automotive acquired another Audi dealership - Prestige Audi - in North Miami Beach, FL. The dealership is one of the highest selling ones in the U.S. and is expected to generate $160 million of annual revenues. Notably, Group 1 Automotive presently has nine Audi dealerships across Florida, Texas, South Carolina, Massachusetts, and the U.K.
Year-to-date, the company has sold four franchises which collectively garnered approximately $30 million in annual revenues. While the disposed dealerships will lead to revenue loss, the funds from the divestments will help the company finance dealership acquisitions, which should prove more profitable in the long run.
Group 1 Automotive is one of the leading automotive retailers in the world. As of Sep 29, 2015, the company operated 200 franchises, representing 32 brands of automobiles, through 153 dealerships and 35 collision service centers in the U.S., the U.K. and Brazil.
Currently, Group 1 Automotive carries a Zacks Rank #2 (Buy). Other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD , all of which carry a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD , all of which carry a Zacks Rank #2. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. In Mar 2015, the company acquired an Audi dealership in Euless, TX, in the Dallas-Fort Worth (DFW) metropolitan area. | Other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD , all of which carry a Zacks Rank #2. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD , all of which carry a Zacks Rank #2. In 2014, Group 1 Automotive took over 19 franchises which are expected to record annual revenues of $910 million. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD , all of which carry a Zacks Rank #2. The company acquired 16 franchises in 2012 and 38 in 2013. |
28876.0 | 2015-09-29 00:00:00 UTC | Commit To Buy Asbury Automotive Group At $70, Earn 9.7% Annualized Using Options | ABG | https://www.nasdaq.com/articles/commit-buy-asbury-automotive-group-70-earn-97-annualized-using-options-2015-09-29 | nan | nan | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2016 put at the $70 strike, which has a bid at the time of this writing of $3.70. Collecting that bid as the premium represents a 5.3% return against the $70 commitment, or a 9.7% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $70 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Asbury Automotive Group, Inc sees its shares fall 11.6% and the contract is exercised (resulting in a cost basis of $66.30 per share before broker commissions, subtracting the $3.70 from $70), the only upside to the put seller is from collecting that premium for the 9.7% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Asbury Automotive Group, Inc, and highlighting in green where the $70 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2016 put at the $70 strike for the 9.7% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Asbury Automotive Group, Inc (considering the last 252 trading day closing values as well as today's price of $79.04) to be 29%. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 649,331 contracts, with call volume at 733,198, for a put:call ratio of 0.89 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group, Inc (Symbol: ABG) stock, but tentative about paying the going market price of $79.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. |
28877.0 | 2015-09-17 00:00:00 UTC | AutoNation Prices Two Batches of Senior Notes worth $750M | ABG | https://www.nasdaq.com/articles/autonation-prices-two-batches-of-senior-notes-worth-%24750m-2015-09-17 | nan | nan | AutoNation, Inc.AN has announced the pricing of $300 million of its senior unsecured notes at 3.35% interest annually. The notes are due to mature in 2021. Another $450 million of senior unsecured notes due in 2025 were priced at 4.5%.
The senior unsecured notes maturing in 2021 will be issued at a price worth 99.998% of the aggregate principal amount, representing a yield to maturity of 3.351%. The senior unsecured notes maturing in 2025 will be issued at a price worth 99.663% of the aggregate principal amount, representing a yield to maturity of 4.542%. The company expects to complete the transactions on Sep 21, subject to customary closing conditions.
The objective of issuing senior notes is to reduce the company's borrowings under the existing revolving credit facility and for general corporate purposes. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and SunTrust Robinson Humphrey, Inc. will be the joint book-running managers for this debt offering.
AutoNation had cash and cash equivalents of $65.3 million as of Jun 30, 2015. Non-vehicle debt increased to $2.13 billion from $1.88 billion as of Jun 30, 2014. In the first half of 2015, the company's net operating cash flow increased to $242.3 million from $210.9 million a year ago.
AutoNation currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORD MOTOR CO (F): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. AutoNation, Inc.AN has announced the pricing of $300 million of its senior unsecured notes at 3.35% interest annually. | Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The senior unsecured notes maturing in 2021 will be issued at a price worth 99.998% of the aggregate principal amount, representing a yield to maturity of 3.351%. | Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). The senior unsecured notes maturing in 2021 will be issued at a price worth 99.998% of the aggregate principal amount, representing a yield to maturity of 3.351%. | Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). Another $450 million of senior unsecured notes due in 2025 were priced at 4.5%. |
28878.0 | 2015-09-14 00:00:00 UTC | AutoNation (AN) Raises Share Repurchase Authorization | ABG | https://www.nasdaq.com/articles/autonation-an-raises-share-repurchase-authorization-2015-09-14 | nan | nan | AutoNation, Inc.AN recently announced the sanction of a $250 million increase in its share repurchase authorization by its board. Including this additional authorization, the company has sanctioned a total of $338 billion as of Sep 11, 2015. Notably, the company had around 111 million shares outstanding as of the above-mentioned date.
AutoNation follows an aggressive share repurchase policy. In 2012 and 2013, the company bought back 16.6 million and 1.1 million shares, respectively. During 2014, AutoNation repurchased 9.4 million shares for an aggregate price of $485 million. During the first half of 2015, the company repurchased 0.9 million shares for $59.1 million.
AutoNation is focused on enhancing shareholder returns, while simultaneously maintaining adequate liquidity for its business strategies. The company has enough liquidity to repurchase shares without compromising on financial strength.
AutoNation had cash and cash equivalents of $65.3 million as of Jun 30, 2015. In the first half of 2015, the company's net operating cash flow increased to $242.3 million from $210.9 million a year ago.
AutoNation is the largest automotive retailer in the U.S. As of Jul 22, 2015, the company owned and operated about 293 new vehicle franchises through 237 stores in major metropolitan markets of 15 U.S. states in the Sunbelt region. The company offers 35 different brands of vehicles. AutoNation currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. AutoNation, Inc.AN recently announced the sanction of a $250 million increase in its share repurchase authorization by its board. | Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). During 2014, AutoNation repurchased 9.4 million shares for an aggregate price of $485 million. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the auto industry include Ford Motor Co. F , Asbury Automotive Group, Inc. ABG and Penske Automotive Group, Inc. PAG , all carrying a Zacks Rank #2 (Buy). During 2014, AutoNation repurchased 9.4 million shares for an aggregate price of $485 million. |
28879.0 | 2015-08-26 00:00:00 UTC | Navigate Volatile Markets with these 5 Value Stocks | ABG | https://www.nasdaq.com/articles/navigate-volatile-markets-these-5-value-stocks-2015-08-26 | nan | nan | Fears of a faltering Chinese economy have caused massive share sell-offs in markets around the globe. Since the 20 th of August, the S&P 500 has plunged over 8.5%.
The Chinese government has been scrambling to support its economy in multiple ways. They have devalued the Yuan multiple times. They even bought up shares in the Shanghai index, though the government has recently announced that it will no longer be buying shares to prop up the nation's markets.
This has lead to more volatility in trading across the globe. The Chinese will now lower interest rates and loosen lending requirements for banks in order to support their economy. Hopefully this will help to offset volatility and prevent markets from sinking even further.
It is impossible to know what is going to happen in theglobal marketeach and every day. What's possible though, is finding some great stocks to buy while they are selling for cheap. Indeed, the best way to navigate a volatile market is with the right value stocks.
That means having a low forward PE, a nice earnings outlook, and a Value score of "A" for starters. Below, we highlight 5 value stocks which have taken massive blows over the last week. These stocks are from the top 20% of all industries. This suggests that they are in a favorable position to outperform the majority of stocks in the Zacks universe.
Ford Motor Company- F
Ford operates in the domestic auto segment, which is currently among the top 11% of all industries. Ford is a Zacks Rank #2 (Buy). It's worth noting that the auto manufacturer doles out a 4.65% dividend.
Ford is a great buy in terms of value, especially with a Value score of "A" in our style scores. The company trades at a forward PE of 7.68. It also has a PEG of 0.44. A PEG under one suggests that value is present. Ford has a price to book of 2.02.
This auto manufacturer is well positioned in its industry. Ford projects EPS growth to be 46% higher than last year, while the industry as a whole is projected to see EPS growth of 15%. F stock has beaten our EPS consensus estimate in three of the last four quarters. In the last four quarters, Ford has beaten our consensus by an average of 17.7% per quarter.
JetBlue Airways- JBLU
JetBlue is a low-fare airline with dozens of destinations in the US, the Caribbean, South America, and Latin America. The company has a Zacks Rank #1 (Strong Buy).
JetBlue, like every stock in this article, has a Value score of "A". It has an outstanding PEG of 0.24, which complements the forward PE of 11.57 nicely. JetBlue stock took a -10.65% beating in the last week, so its price looks appealing for any investor looking for an airline with relatively limited international exposure. JetBlue has a beta of 0.76, so expect experience less volatility with this stock.
JetBlue projects EPS growth of 165% this year. It also has a trailing twelve month ROE of 17.47%. In the last 60 days, 15 analysts have revised their earnings estimates for the quarter. 9 of those revisions were positive. JBLU reports its earnings on 10/22/15.
United Continental Holdings, Inc- UAL
United Continental is a major international airliner. The company holds a Zacks Rank #2 (Buy). The company lost 11% of its share value in the last week, so it looks like you are getting a discount on an already discounted stock.
Indeed, UAL is such a great value because of the fact that it trades at a forward PE of 4.74. It is encouraging to see that the stock has a PEG of 0.61. Expect minimal volatility, as this stock has a beta of 0.32.
It is always great to see price to sales below 1. United has a P/S of 0.61. It also has a trailing twelve month ROE of 100.91%. UAL's EPS is projected to grow by 117.43% this year, which is much more than the industry's projected EPS growth of 65%. United Continental Holdings reports its earnings on 10/22/15.
Asbury Auto Group- ABG
Asbury Auto is a major auto retailer in the US. It's worth noting that over 85% of their sales come from import brands. The company is a Zacks Rank #2 (Buy).
This auto retailer was a nice value buy a week ago. After losing 7.8% in share value since then, it has become an even more valuable buy. The company has a price to sales of 0.33. It also has a decent forward PE of 13.68, along with a PEG of 0.83.
Asbury has a nice track record for beating our EPS consensus estimate. The company has beaten our consensus in each of the last four quarters. It has managed to do so by an average of 5.6% per quarter. In the last 60 days, 9 analysts have revised their earnings estimates upwards for this quarter. ABG's EPS is projected to grow by 28% this year, which is way ahead of the industry's projected growth of 18.5%. Asbury reports its earnings on 10/20/15.
Southwest Airlines- LUV
Southwest Airlines is a major domestic airliner. One advantage the company has is that it only flies Boeing 737's. This plays a huge role in why the company is able to have the lowest operating cost structure in the domestic airline industry. Southwest Airlines has a Zacks Rank #2 (Buy).
Southwest is a great value buy, as it trades at a PE of 10.75. It is encouraging to see that the company has a PEG of 0.6 and a solid price to sales of 1.29.
In the last 60 days, 11 analysts have revised their estimates for this quarter. 7 of those analysts revised their estimates upwards. Southwest Airlines has beaten our consensus in three of the last four quarters. The company reports its earnings on 10/22/15.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORD MOTOR CO (F): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Auto Group- ABG Asbury Auto is a major auto retailer in the US. ABG's EPS is projected to grow by 28% this year, which is way ahead of the industry's projected growth of 18.5%. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. | Asbury Auto Group- ABG Asbury Auto is a major auto retailer in the US. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. ABG's EPS is projected to grow by 28% this year, which is way ahead of the industry's projected growth of 18.5%. | Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Auto Group- ABG Asbury Auto is a major auto retailer in the US. ABG's EPS is projected to grow by 28% this year, which is way ahead of the industry's projected growth of 18.5%. | Asbury Auto Group- ABG Asbury Auto is a major auto retailer in the US. ABG's EPS is projected to grow by 28% this year, which is way ahead of the industry's projected growth of 18.5%. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report SOUTHWEST AIR (LUV): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. |
28880.0 | 2015-08-14 00:00:00 UTC | Group 1 (GPI) Raises Dividend by 5% on Impressive Q2 Show | ABG | https://www.nasdaq.com/articles/group-1-gpi-raises-dividend-by-5-on-impressive-q2-show-2015-08-14 | nan | nan | In order to boost shareholder value, Group 1 Automotive Inc.GPI has increased its quarterly cash dividend by 5% to 21 cents per share from 20 cents paid earlier. The raised dividend will be paid on Sep 15, 2015, to shareholders of record as of Sep 1, 2015.
Group 1 Automotive announced the dividend hike following its impressive second-quarter earnings performance. Based on the closing share price of $92.81 as of Aug 13, 2015, the increased dividend implies a yield of 0.9%.
Group 1 Automotive has always been active in taking up strategic initiatives to gain investor confidence, be it through share repurchase or dividend hike. In Feb 2015, the automotive retailer announced a 5.3% increase in its dividend to 20 cents per share. Year to date, the company has bought back 407,000 shares at an average price of $81.46, for a total of $33.1 million. As of Jun 30, 2015, the company had around $66.3 million remaining under its share repurchase program.
Earnings Review
Group 1 Automotive reported a 34.7% year-over-year increase in earnings per share to $1.98 in the second quarter of 2015. Earnings also surpassed the Zacks Consensus Estimate by 17 cents. The earnings improvement was driven by strong top-line growth in the U.S. and the U.K. and improved expense leverage.
Revenues increased 8.6% year over year to $2.73 billion, marginally beating the Zacks Consensus Estimate of $2.71 billion. The year-over-year improvement was driven by strong performances by the U.S. and U.K. businesses. This was affected by deteriorating market conditions in Brazil.
Group 1 Automotive is one of the leading automotive retailers in the world which offers 32 automotive brands. The company has 148 automotive dealerships and 38 collision centers in the U.S., the U.K. and Brazil.
Zacks Rank
Currently, Group 1 Automotive carries a Zacks Rank #2 (Buy). Some other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , O'Reilly Automotive Inc. ORLY and Penske Automotive Group, Inc. PAG . All the stocks also carry a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , O'Reilly Automotive Inc. ORLY and Penske Automotive Group, Inc. PAG . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Group 1 Automotive announced the dividend hike following its impressive second-quarter earnings performance. | Some other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , O'Reilly Automotive Inc. ORLY and Penske Automotive Group, Inc. PAG . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , O'Reilly Automotive Inc. ORLY and Penske Automotive Group, Inc. PAG . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Review Group 1 Automotive reported a 34.7% year-over-year increase in earnings per share to $1.98 in the second quarter of 2015. | Some other favorably ranked automobile stocks include Asbury Automotive Group, Inc. ABG , O'Reilly Automotive Inc. ORLY and Penske Automotive Group, Inc. PAG . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. In Feb 2015, the automotive retailer announced a 5.3% increase in its dividend to 20 cents per share. |
28881.0 | 2015-08-05 00:00:00 UTC | Asbury Automotive (ABG): Strong Industry, Solid Earnings Estimate Revisions - Tale of the Tape | ABG | https://www.nasdaq.com/articles/asbury-automotive-abg%3A-strong-industry-solid-earnings-estimate-revisions-tale-of-the-0 | nan | nan | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This is because this security in the Retail/Wholesale Auto/Truck space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail/Wholesale Auto/Truck space as it currently has a Zacks Industry Rank of 26 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Asbury Automotive is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $1.35 a share to $1.39 a share, while current year estimates have risen from $5.46 per share to $5.56 per share. This has helped ABG to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Asbury Automotive. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. |
28882.0 | 2015-07-30 00:00:00 UTC | Penske Automotive's Q2 Earnings, Revenues Beat; Rise Y/Y - Analyst Blog | ABG | https://www.nasdaq.com/articles/penske-automotives-q2-earnings-revenues-beat-rise-y-y-analyst-blog-2015-07-30 | nan | nan | Penske Automotive Group, Inc. 's PAG second-quarter 2015 earnings per share improved 18% to $1.05 from 89 cents a year ago. Earnings also surpassed the Zacks Consensus Estimate of 99 cents. Net income from continuing operations rose 17.3% to $94.4 million in the quarter from $80.5 million a year ago.
Penske Automotive Group Inc. - Earnings Surprise | FindTheBest
Revenues grew 12.2% year over year to $4.90 billion, marginally surpassing the Zacks Consensus Estimate of $4.89 billion. Excluding foreign exchange, total revenue increased 17% driven by a 7.5% rise in total retail sales to 108,277 units.
Retail unit sales went up 3.3% in the U.S. and 16.5% internationally. Same-store retail revenues rose 5.6%. Same-store retail automotive revenues advanced 6% to $4.5 billion.
Gross profit improved 11.4% to $729.6 million from $654.8 million in the second quarter of 2014. Operating income augmented 17.2% to $159.1 million from $135.8 million a year ago.
Segment Performance
The company operates under three reportable segments, Retail Automotive, U.S. Commercial Trucks and Commercial Vehicles Australia/Power Systems and Other. Revenues from Retail Automotive increased 6.6% to $4.5 billion. Revenues from U.S. Commercial Trucks totaled $241.9 million. Revenues from Commercial Vehicles Australia/Power Systems and Other increased 8.7% to $123.9 million.
New Vehicle revenues increased 4.9% to $2.3 billion on a 6.3% rise in sales to 58,758 units. Used Vehicle revenues rose 8.7% to $1.38 billion, led by an 8.8% increase in sales to 49,519 units. Meanwhile, revenues from Service and Parts improved 4.8% to $454.7 million. Revenues from Fleet and Wholesale Vehicle grew 14.6% to $246.3 million, while revenues from Finance and Insurance rose 8.9% to $121.9 million.
Acquisitions
During the first six months of 2015, Penske Automotive acquired two commercial truck dealerships - Freightliner of Knoxville and Freightliner of Chattanooga. These dealerships are expected to generate annualized incremental revenues of about $200 million.
Share Repurchases
During the first half of 2015, Penske Automotive repurchased 439,383 shares at $50.07 per share for a total of $22 million. As of Jun 30, 2015, the company had $136 million remaining under its share repurchase authorization.
Financial Position
Penske Automotive had cash and cash equivalents of $36.7 million as of Jun 30, 2015, up from $36.3 million as of Dec 31, 2014. Long-term debt stood at $1.2 billion as of Jun 30, 2015, down from $1.35 billion as of Dec 31, 2014.
Penske Automotive is one of the largest automotive retailers in the U.S. The company is poised to benefit from increasing dealerships, rising sales of new vehicles and share repurchase.
Currently, Penske Automotive carries a Zacks Rank #2 (Buy). Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Group 1 Automotive Inc. GPI and Titan Machinery, Inc. TITN . All these stocks carry a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
TITAN MACHINERY (TITN): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Group 1 Automotive Inc. GPI and Titan Machinery, Inc. TITN . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group, Inc. 's PAG second-quarter 2015 earnings per share improved 18% to $1.05 from 89 cents a year ago. | Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Group 1 Automotive Inc. GPI and Titan Machinery, Inc. TITN . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group Inc. - Earnings Surprise | FindTheBest Revenues grew 12.2% year over year to $4.90 billion, marginally surpassing the Zacks Consensus Estimate of $4.89 billion. | Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Group 1 Automotive Inc. GPI and Titan Machinery, Inc. TITN . Penske Automotive Group Inc. - Earnings Surprise | FindTheBest Revenues grew 12.2% year over year to $4.90 billion, marginally surpassing the Zacks Consensus Estimate of $4.89 billion. | Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Group 1 Automotive Inc. GPI and Titan Machinery, Inc. TITN . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group Inc. - Earnings Surprise | FindTheBest Revenues grew 12.2% year over year to $4.90 billion, marginally surpassing the Zacks Consensus Estimate of $4.89 billion. |
28883.0 | 2015-07-29 00:00:00 UTC | Why Asbury Automotive Group (ABG) Could Be an Impressive Growth Stock - Tale of the Tape | ABG | https://www.nasdaq.com/articles/why-asbury-automotive-group-abg-could-be-an-impressive-growth-stock-tale-of-the-tape-2015 | nan | nan | Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Asbury Automotive Group, Inc. ( ABG ). This firm, which is in the Retail Whole Auto/Truck industry saw EPS growth of 23.8% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 27%. Furthermore, the long-term growth rate is currently an impressive 16.6%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 1.7%. Thanks to this rise in earnings estimates, ABG has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider ABG. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ABG as well.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Thanks to this rise in earnings estimates, ABG has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ABG as well. One such company that might be well-positioned for future earnings growth is Asbury Automotive Group, Inc. ( ABG ). | Thanks to this rise in earnings estimates, ABG has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ABG as well. One such company that might be well-positioned for future earnings growth is Asbury Automotive Group, Inc. ( ABG ). | Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ABG as well. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Asbury Automotive Group, Inc. ( ABG ). | Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ABG as well. One such company that might be well-positioned for future earnings growth is Asbury Automotive Group, Inc. ( ABG ). Thanks to this rise in earnings estimates, ABG has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. |
28884.0 | 2015-07-27 00:00:00 UTC | Tenneco's (TEN) Q2 Earnings Beat Estimates; Fall Y/Y - Analyst Blog | ABG | https://www.nasdaq.com/articles/tennecos-ten-q2-earnings-beat-estimates-fall-y-y-analyst-blog-2015-07-27 | nan | nan | Tenneco Inc.TEN reported adjusted earnings per share of $1.39 in the second quarter of 2015, beating the Zacks Consensus Estimate by 5 cents. However, earnings per share decreased 4.1% from $1.45 recorded in the second quarter of 2014. Also, adjusted net income dropped 3.4% to $86 million from $89 million a year ago.
Tenneco Inc. - Earnings Surprise | FindTheBest
On a reported basis, Tenneco's net income came in at $78 million or $1.26 per share, compared with $81 million or $1.32 per share in the year-ago quarter. The company's reported net income in second-quarter 2015 includes restructuring and tax adjustments.
Revenues decreased 5% year over year to $2.13 billion, marginally missing the Zacks Consensus Estimate of $2.14 billion. Excluding currency effects, revenues rose 3% to $2.31 billion. The increase was driven by an improvement in both the Clean Air and Ride Performance businesses. Excluding currency, OE light vehicle revenues increased 4% on higher global volumes and new platform launches. Global aftermarket revenues increased 6% owing to higher ride performance sales in North and South America and increased customer count. Commercial truck and off-highway customer unit demand declined 25% year over year. With this, Tenneco's commercial truck and off-highway revenues dropped 7%, excluding currency.
Adjusted EBIT (earnings before interest, taxes and non-controlling interests) dropped to $162 million from $166 million a year ago. Meanwhile, adjusted EBIT margin improved to 7.6% from 7.4% a year ago.
Segment Results
Revenues from the Clean Air division decreased 5.2% to $1.46 billion from $1.54 billion a year ago. Adjusted EBIT declined to $108 million from $120 million in the year-ago quarter.
Revenues from the Ride Performance division dropped 4.4% to $669 million from $700 million a year ago. Adjusted EBIT rose to $77 million from $75 million in the year-ago quarter.
Financial Position
Tenneco had cash and cash equivalents of $250 million as of Jun 30, 2015, down from $282 million as of Dec 31, 2014. Total debt stood at $1.2 billion as of Jun 30, 2015 compared with $1.1 billion as of Dec 31, 2014.
In the first half of 2015, cash flow from operating activities was $82 million, compared with cash outflow of $26 million in the year-ago quarter. Capital expenditures for the period totaled $150 million as against $167 million in the year-ago quarter.
Outlook
In the third quarter of 2015, Tenneco's revenues will likely benefit from consistent and strong structural growth, including a rise in global light vehicle industry production, increasing demand for MONROE Intelligent Suspension technologies and strict emission regulations.
For the third quarter, Tenneco expects global light vehicle industry production to increase 4% in the regions where it operates. Total revenue is expected to improve about 6% in the quarter, excluding currency effects.
For full-year 2015, Tenneco expects total revenue to improve about 5%, excluding currency effects. The company lowered the guidance from the previous estimate of 5% to 8% increase based on recent third-party industry light vehicle production forecasts and weakness in industry production in the company's commercial truck and off-highway businesses.
Share Repurchase
In the second quarter of 2015, Tenneco repurchased 556,000 shares for $33 million. Year-to-date, the company has bought back 748,000 shares for $44 million. Tenneco expects to accelerate its share repurchase program and complete it by the end of 2016.
Zacks Rank
Tenneco carries a Zacks Rank #4 (Sell). The company plans to continue to focus on expansion with new business, new programs and incremental content, thus strengthening its foundation for long-term growth.
Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . All the stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TENNECO INC (TEN): Free Stock Analysis Report
TITAN MACHINERY (TITN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Click to get this free report TENNECO INC (TEN): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Outlook In the third quarter of 2015, Tenneco's revenues will likely benefit from consistent and strong structural growth, including a rise in global light vehicle industry production, increasing demand for MONROE Intelligent Suspension technologies and strict emission regulations. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Click to get this free report TENNECO INC (TEN): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. For the third quarter, Tenneco expects global light vehicle industry production to increase 4% in the regions where it operates. | Click to get this free report TENNECO INC (TEN): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Tenneco Inc. - Earnings Surprise | FindTheBest On a reported basis, Tenneco's net income came in at $78 million or $1.26 per share, compared with $81 million or $1.32 per share in the year-ago quarter. | Click to get this free report TENNECO INC (TEN): Free Stock Analysis Report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Tenneco Inc. - Earnings Surprise | FindTheBest On a reported basis, Tenneco's net income came in at $78 million or $1.26 per share, compared with $81 million or $1.32 per share in the year-ago quarter. |
28885.0 | 2015-07-27 00:00:00 UTC | Group 1 Automotive Rallies on Q2 Earnings & Revenue Beat - Analyst Blog | ABG | https://www.nasdaq.com/articles/group-1-automotive-rallies-on-q2-earnings-revenue-beat-analyst-blog-2015-07-27 | nan | nan | Share price of Group 1 Automotive Inc.GPI rallied 5.3% on Jul 23 after the company reported a 34.7% year-over-year increase in earnings per share to $1.98 in the second quarter of 2015. Earnings also surpassed the Zacks Consensus Estimate by 17 cents. Meanwhile, net income grew 19.9% to $47.9 million from $40 million in the year-ago quarter. The improvement in earnings was driven by strong top-line growth in the U.S and the U.K and improved expense leverage.
Group 1 Automotive Inc. - Earnings Surprise | FindTheBest
Revenues increased 8.6% year over year to $2.73 billion, marginally beating the Zacks Consensus Estimate of $2.71 billion. The year-over-year improvement was driven by strong performances across by the U.S. and U.K businesses. This was adversely affected by deteriorating market conditions in Brazil.
Revenues from new vehicle sales rose 4.7% to $1.5 billion on a 5.4% increase in unit sales to 44,765 vehicles. Revenues from retailed used vehicles improved 18.2% to $682.3 million on a 17.7% rise in unit sales to 31,439 vehicles. Revenues from wholesale used vehicles went up 6.9% to $101.5 million. Used vehicles' wholesale volume increased 10.6% to 14,627 units.
Revenues from the Parts and Service business increased 7.1% to $303.2 million. The company's Finance and Insurance business witnessed a 16.7% rise in revenues to $105.2 million.
Gross profit increased 6.1% to $391.6 million from $369.1 million in the year-ago quarter. Operating income increased 15.7% to $98 million from $84.7 million in the second quarter of 2014.
Segment Details
Revenues in the U.S. business increased 11% to $2.3 billion on the back of better performance by all operations and an increase in sales volume. The segment recorded a 6.3% increase in new vehicle sales to 36,882 units and an 18.2% rise in total used vehicles' volume to 26,835 units.
Revenues in the U.K. business augmented 22.6% to $308.2 million from $251.3 million in the year-ago quarter on the back of significant growth across all businesses. Retail new vehicle sales increased 29.2% to 4,686 units and total used vehicle sales escalated 33.8% to 3,638 units.
Revenues from the Brazil business slumped 34.5% to $130.9 million in the reported quarter. New vehicle retail sales decreased 22.9% to 3,197 units, while total used vehicle sales fell 25.3% to 966 units.
Financial Details
Group 1 Automotive's cash and cash equivalents decreased to $24.2 million as of Jun 30, 2015, from $41 million as of Dec 31, 2014. Total debt amounted to $411.2 million as of Jun 30, 2015, compared with $392.6 million as of Dec 31, 2014.
Share Repurchase
During the second quarter of 2015, Group 1 Automotive repurchased 208,000 shares at an average price of $81.30 per share for a total of $16.9 million. Year to date, the company has bought back 407,000 shares at an average price of $81.46 for a total of $33.1 million. As of Jun 30, 2015, the company had around $66.3 million remaining under its share repurchase program.
Acquisitions & Sell-Offs
During the second quarter, Group 1 Automotive disposed one Audi dealership in South Carolina and terminated two Peugeot franchises in Brazil, which used to generate approximately $25 million in annual revenues.
Year to date, Group 1 Automotive acquired two Audi dealership, one in Texas and the other in Florida. The company expects that these franchises will generate around $240 million in annual revenues. On the other hand, the company disposed 4 franchises which used to generate approximately $30 million in annual revenues.
Zacks Rank
Currently, Group 1 Automotive carries a Zacks Rank #2 (Buy). Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . All the stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TITAN MACHINERY (TITN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Click to get this free report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Year to date, the company has bought back 407,000 shares at an average price of $81.46 for a total of $33.1 million. | Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Click to get this free report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Group 1 Automotive Inc. - Earnings Surprise | FindTheBest Revenues increased 8.6% year over year to $2.73 billion, marginally beating the Zacks Consensus Estimate of $2.71 billion. | Click to get this free report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Revenues from retailed used vehicles improved 18.2% to $682.3 million on a 17.7% rise in unit sales to 31,439 vehicles. | Click to get this free report TITAN MACHINERY (TITN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , Lithia Motors Inc. LAD and Titan Machinery, Inc. TITN . Revenues in the U.K. business augmented 22.6% to $308.2 million from $251.3 million in the year-ago quarter on the back of significant growth across all businesses. |
28886.0 | 2015-07-24 00:00:00 UTC | Friday Sector Laggards: Auto Dealerships, Education & Training Services | ABG | https://www.nasdaq.com/articles/friday-sector-laggards-auto-dealerships-education-training-services-2015-07-24 | nan | nan | In trading on Friday, auto dealerships shares were relative laggards, down on the day by about 2.9%. Helping drag down the group were shares of TrueCar ( TRUE ), down about 36.1% and shares of Asbury Automotive Group ( ABG ) down about 2.7% on the day.
Also lagging the market Friday are education & training services shares, down on the day by about 2.5% as a group, led down by Universal Technical Institute ( UTI ), trading lower by about 19.4% and ITT Educational Services ( ESI ), trading lower by about 6.1%.
VIDEO: Friday Sector Laggards: Auto Dealerships, Education & Training Services
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Helping drag down the group were shares of TrueCar ( TRUE ), down about 36.1% and shares of Asbury Automotive Group ( ABG ) down about 2.7% on the day. In trading on Friday, auto dealerships shares were relative laggards, down on the day by about 2.9%. Also lagging the market Friday are education & training services shares, down on the day by about 2.5% as a group, led down by Universal Technical Institute ( UTI ), trading lower by about 19.4% and ITT Educational Services ( ESI ), trading lower by about 6.1%. | Helping drag down the group were shares of TrueCar ( TRUE ), down about 36.1% and shares of Asbury Automotive Group ( ABG ) down about 2.7% on the day. In trading on Friday, auto dealerships shares were relative laggards, down on the day by about 2.9%. VIDEO: Friday Sector Laggards: Auto Dealerships, Education & Training Services The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Helping drag down the group were shares of TrueCar ( TRUE ), down about 36.1% and shares of Asbury Automotive Group ( ABG ) down about 2.7% on the day. Also lagging the market Friday are education & training services shares, down on the day by about 2.5% as a group, led down by Universal Technical Institute ( UTI ), trading lower by about 19.4% and ITT Educational Services ( ESI ), trading lower by about 6.1%. VIDEO: Friday Sector Laggards: Auto Dealerships, Education & Training Services The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Helping drag down the group were shares of TrueCar ( TRUE ), down about 36.1% and shares of Asbury Automotive Group ( ABG ) down about 2.7% on the day. In trading on Friday, auto dealerships shares were relative laggards, down on the day by about 2.9%. VIDEO: Friday Sector Laggards: Auto Dealerships, Education & Training Services The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
28887.0 | 2015-07-23 00:00:00 UTC | New Strong Buy Stocks for July 23rd - Tale of the Tape | ABG | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-july-23rd-tale-of-the-tape-2015-07-23 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Allegiant Travel Company ( ALGT )
Ares Capital Corporation ( ARCC )
Asbury Automotive Group, Inc. ( ABG )
Baylake Corp. ( BYLK )
BBCN Bancorp, Inc. ( BBCN )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ALLEGIANT TRAVL (ALGT): Free Stock Analysis Report
ARES CAP CP (ARCC): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
BAYLAKE CORP (BYLK): Free Stock Analysis Report
BBCN BANCORP (BBCN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Allegiant Travel Company ( ALGT ) Ares Capital Corporation ( ARCC ) Asbury Automotive Group, Inc. ( ABG ) Baylake Corp. ( BYLK ) BBCN Bancorp, Inc. ( BBCN ) View the entire Zacks Rank #1 List . Click to get this free report ALLEGIANT TRAVL (ALGT): Free Stock Analysis Report ARES CAP CP (ARCC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BAYLAKE CORP (BYLK): Free Stock Analysis Report BBCN BANCORP (BBCN): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Allegiant Travel Company ( ALGT ) Ares Capital Corporation ( ARCC ) Asbury Automotive Group, Inc. ( ABG ) Baylake Corp. ( BYLK ) BBCN Bancorp, Inc. ( BBCN ) View the entire Zacks Rank #1 List . Click to get this free report ALLEGIANT TRAVL (ALGT): Free Stock Analysis Report ARES CAP CP (ARCC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BAYLAKE CORP (BYLK): Free Stock Analysis Report BBCN BANCORP (BBCN): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Allegiant Travel Company ( ALGT ) Ares Capital Corporation ( ARCC ) Asbury Automotive Group, Inc. ( ABG ) Baylake Corp. ( BYLK ) BBCN Bancorp, Inc. ( BBCN ) View the entire Zacks Rank #1 List . Click to get this free report ALLEGIANT TRAVL (ALGT): Free Stock Analysis Report ARES CAP CP (ARCC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BAYLAKE CORP (BYLK): Free Stock Analysis Report BBCN BANCORP (BBCN): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Allegiant Travel Company ( ALGT ) Ares Capital Corporation ( ARCC ) Asbury Automotive Group, Inc. ( ABG ) Baylake Corp. ( BYLK ) BBCN Bancorp, Inc. ( BBCN ) View the entire Zacks Rank #1 List . Click to get this free report ALLEGIANT TRAVL (ALGT): Free Stock Analysis Report ARES CAP CP (ARCC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BAYLAKE CORP (BYLK): Free Stock Analysis Report BBCN BANCORP (BBCN): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
28888.0 | 2015-07-01 00:00:00 UTC | Asbury Automotive (ABG) Acquires Dealership in Florida - Analyst Blog | ABG | https://www.nasdaq.com/articles/asbury-automotive-abg-acquires-dealership-in-florida-analyst-blog-2015-07-01 | nan | nan | Asbury Automotive Group, Inc.ABG announced the acquisition of a dealership - Mike Davidson Ford - in Florida. The dealership is located close to Coggin Honda and Nissan on Atlantic Boulevard. Asbury Automotive will re-brand the dealership as Coggin Ford.
Mike Davidson Ford offers a large variety of new and pre-owned vehicles to customers in the Jacksonville area. It currently generates $90 million in revenues per annum. Thus, the acquisition will significantly boost Asbury Automotive's revenues.
Asbury Automotive is currently expanding in various markets including Florida. Following the acquisition of Mike Davidson Ford, the company has 24 Asbury stores and 3 Q auto locations in the state.
Last month, Asbury Automotive acquired the Capitol City Nissan dealership in Atlanta. The dealership, which generates $70 million in revenues every year, will be re-branded as Nalley Nissan Atlanta. This acquisition increased the number of Asbury stores in Georgia to 17.
Asbury Automotive currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include The Goodyear Tire & Rubber Company GT , Fox Factory Holding Corp FOXF and U.S. Auto Parts Network, Inc. PRTS . Fox Factory Holding currently sports a Zacks Rank #1 (Strong Buy), while both Goodyear and U.S. Auto Parts carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
GOODYEAR TIRE (GT): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
FOX FACTORY HLD (FOXF): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG announced the acquisition of a dealership - Mike Davidson Ford - in Florida. Click to get this free report GOODYEAR TIRE (GT): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Mike Davidson Ford offers a large variety of new and pre-owned vehicles to customers in the Jacksonville area. | Click to get this free report GOODYEAR TIRE (GT): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG announced the acquisition of a dealership - Mike Davidson Ford - in Florida. Better-ranked automobile stocks include The Goodyear Tire & Rubber Company GT , Fox Factory Holding Corp FOXF and U.S. Auto Parts Network, Inc. PRTS . | Asbury Automotive Group, Inc.ABG announced the acquisition of a dealership - Mike Davidson Ford - in Florida. Click to get this free report GOODYEAR TIRE (GT): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Following the acquisition of Mike Davidson Ford, the company has 24 Asbury stores and 3 Q auto locations in the state. | Asbury Automotive Group, Inc.ABG announced the acquisition of a dealership - Mike Davidson Ford - in Florida. Click to get this free report GOODYEAR TIRE (GT): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive will re-brand the dealership as Coggin Ford. |
28889.0 | 2015-06-17 00:00:00 UTC | The Zacks Analyst Blog Highlights: Aaron's, Asbury Automotive Group and Big 5 Sporting Goods - Press Releases | ABG | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-aarons-asbury-automotive-group-and-big-5-sporting-goods | nan | nan | For Immediate Release
Chicago, IL - June 17, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday's Analyst Blog:
Consumer Sentiment Improves: 3 Stock Picks
Consumer sentiment improved in June, coming in significantly higher than last month's numbers. This follows encouraging retail sales and consumer credit numbers, indicating that the American consumer is willing to spend more. The increase in expenditure is being fueled by expectations of an increase in wage growth. Following a difficult winter, these factors are expected to help the economy return to its growth path.
Consumer Sentiment Improves
Upbeat data on consumer sentiment indicated the economy was on a solid footing. The University of Michigan and Thomson Reuters' preliminary reading of consumer sentiment was at 94.6 in June. This was more than the consensus forecast of an increase to 91.2 as well last month's figure of 90.7.
This encouraging report comes despite an increase in petroleum prices. Higher petroleum prices in turn fueled an increase in PPI for the month of May. PPI gained 0.5% in May, more than the consensus estimate of an increase by 0.4%. This was the highest increase recorded in more than 36 months.
Retail Sales, Consumer Credit Rise
Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion. This rate of growth was significantly higher than April's revised gain of 0.2%. May's figure increased 2.7% from the year-ago level. Meanwhile, March's gain was revised upward to 1.5%, marking the highest monthly gain in almost five years.
Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April. Non-revolving credit increased at an annual rate of 5.75%. Revolving credit also increased at an annual rate of 11.5%.
Jobs Data, Economic Outlook Encouraging
Market watchers attribute the increase in consumer confidence to expectations of an increase in wages. According to this month's employment report, U.S. economy created a total of 280,000 jobs in May, witnessing the largest job addition since Dec 2014. More significantly, average hourly wages also witnessed a strong year-on-year gain of 2.3%.
The consumer sentiment survey indicated that respondents were optimistic about better economic conditions. Households believed they would receive the highest wage gains since 2008. Personal financial prospects were expected to be the best since 2007. While the index of current economic conditions increased from 100.8 to 106.8, the gauge of consumer expectations increased from 84.2 to 86.8 in June.
Our Choices
Below we present three stocks set to benefit from these trends. Finding a great growth stock can be a tough task. But thanks to our new style score system we have been able to identify a few growth stocks which have incredible potential in the near term.
Our research shows that stocks with Growth Style Scores of 'A' or 'B' when combined Zacks Rank # 1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Aaron's holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 27.5% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 16.00.
Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.' The company has expected earnings growth of 24.9% for the current year. It has a P/E (F1) of 15.94x.
Big 5 Sporting Goods Corp. ( BGFV ) through its subsidiaries is engaged in providing independent services primarily comprising distribution of wealth management products to the high net worth population in China.
Big 5 Sporting Goods holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 10.9% for the current year. It has a P/E (F1) of 17.17x.
This month's employment data has already shown evidence that the economy is ready to bounce back. Evidence of wage gains and expectations of further progress in this direction has added to consumer optimism. The promise of strong growth, backed by excellent fundamentals means these stocks would make good additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. | Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. | Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. |
28890.0 | 2015-06-16 00:00:00 UTC | Consumer Sentiment Improves: 3 Stock Choices - Analyst Blog | ABG | https://www.nasdaq.com/articles/consumer-sentiment-improves-3-stock-choices-analyst-blog-2015-06-16 | nan | nan | Consumer sentiment improved in June, coming in significantly higher than last month's numbers. This follows encouraging retail sales and consumer credit numbers, indicating that the American consumer is willing to spend more. The increase in expenditure is being fueled by expectations of an increase in wage growth. Following a difficult winter, these factors are expected to help the economy return to its growth path.
Consumer Sentiment Improves
Upbeat data on consumer sentiment indicated the economy was on a solid footing. The University of Michigan and Thomson Reuters' preliminary reading of consumer sentiment was at 94.6 in June. This was more than the consensus forecast of an increase to 91.2 as well last month's figure of 90.7.
This encouraging report comes despite an increase in petroleum prices. Higher petroleum prices in turn fueled an increase in PPI for the month of May. PPI gained 0.5% in May, more than the consensus estimate of an increase by 0.4%. This was the highest increase recorded in more than 36 months.
Retail Sales, Consumer Credit Rise
Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion. This rate of growth was significantly higher than April's revised gain of 0.2%. May's figure increased 2.7% from the year-ago level. Meanwhile, March's gain was revised upward to 1.5%, marking the highest monthly gain in almost five years.
Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April. Non-revolving credit increased at an annual rate of 5.75%. Revolving credit also increased at an annual rate of 11.5%.
Jobs Data, Economic Outlook Encouraging
Market watchers attribute the increase in consumer confidence to expectations of an increase in wages. According to this month's employment report, U.S. economy created a total of 280,000 jobs in May, witnessing the largest job addition since Dec 2014. More significantly, average hourly wages also witnessed a strong year-on-year gain of 2.3%.
The consumer sentiment survey indicated that respondents were optimistic about better economic conditions. Households believed they would receive the highest wage gains since 2008. Personal financial prospects were expected to be the best since 2007. While the index of current economic conditions increased from 100.8 to 106.8, the gauge of consumer expectations increased from 84.2 to 86.8 in June.
Our Choices
Below we present three stocks set to benefit from these trends. Finding a great growth stock can be a tough task. But thanks to our new style score system we have been able to identify a few growth stocks which have incredible potential in the near term.
Our research shows that stocks with Growth Style Scores of 'A' or 'B' when combined Zacks Rank # 1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Aaron's holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 27.5% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 16.00.
Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.' The company has expected earnings growth of 24.9% for the current year. It has a P/E (F1) of 15.94x.
Big 5 Sporting Goods Corp.BGFV through its subsidiaries is engaged in providing independent services primarily comprising distribution of wealth management products to the high net worth population in China.
Big 5 Sporting Goods holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 10.9% for the current year. It has a P/E (F1) of 17.17x.
This month's employment data has already shown evidence that the economy is ready to bounce back. Evidence of wage gains and expectations of further progress in this direction has added to consumer optimism. The promise of strong growth, backed by excellent fundamentals means these stocks would make good additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April. | Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.' | Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. Retail Sales, Consumer Credit Rise Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in expenditure is being fueled by expectations of an increase in wage growth. |
28891.0 | 2015-06-10 00:00:00 UTC | Zacks.com featured expert Kevin Matras highlights: Aecom Technology, Live Nation Entertainment, HCA Holdings, Asbury Automotive and Dycom Industries - Press Releases | ABG | https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-aecom-technology-live-nation | nan | nan | Chicago, IL - June 10, 2015 - Stocks in this week's article include: Aecom Technology ( ACM ), Live Nation Entertainment ( LYV ), HCA Holdings ( HCA ) , Asbury Automotive ( ABG ) and Dycom Industries ( DY ) . Kevin Matras shows why stocks with new analyst coverage are stocks you want to have.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Stock-Picking Ideas from Economic Reports
Every week the government and other entities release economic reports that cover all areas of the economy; from retail sales to housing, to international trade to consumer sentiment.
In fact, on virtually any given day there could be anywhere from one to a handful of reports.
And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.
For example: in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.
In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery - for those who knew where to look.
But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).
Well, here we are again, with more stock picking insight, straight from last week's Employment Situation report. Last week it showed that some of the biggest job creation came from these five industries:
1) Professional and Business Services +63,000
(671,000 over the last 12 months)
2) Leisure and Hospitality Services +57,000
3) Healthcare +47,000
(408,000 over the year)
4) Retail Trade +31,000
(nearly 30% above the monthly average)
5) Construction +17,000
(continuing to trend up)
The reason why I like this report for stock picking is because if an industry is hiring lots of new people, then that must mean there's lots of new activity to warrant it. And business activity usually means more money and profits for those companies and their stocks.
Screening
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
This is just one way to do top down analysis. But you can go to any screener (like the one on Zacks.com or the Research Wizard) and locate the sector, then industry of interest.
Then you should add in your favorite and most successful stock-picking criteria to drill down to the best ones, such as Zacks Rank 1s and 2s (Strong Buys or Buys); market-beating growth rates; below industry valuations, upward earnings estimate revisions, etc.
Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report:
( ACM ) Aecom Technology
(Professional and Business Services)
( LYV ) Live Nation Entertainment
(Leisure and Hospitality Services)
( HCA ) HCA Holdings
(Healthcare)
( ABG ) Asbury Automotive
(Retail Trade)
( DY ) Dycom Industries
(Construction)
Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of the new picks you come up with.
And you'll feel pretty smart after finding them too.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AECOM TECH CORP (ACM): Free Stock Analysis Report
LIVE NATION ENT (LYV): Free Stock Analysis Report
HCA HOLDINGS (HCA): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
DYCOM INDS (DY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ( ACM ) Aecom Technology (Professional and Business Services) ( LYV ) Live Nation Entertainment (Leisure and Hospitality Services) ( HCA ) HCA Holdings (Healthcare) ( ABG ) Asbury Automotive (Retail Trade) ( DY ) Dycom Industries (Construction) Profitable stock ideas can come at any time and any place. Chicago, IL - June 10, 2015 - Stocks in this week's article include: Aecom Technology ( ACM ), Live Nation Entertainment ( LYV ), HCA Holdings ( HCA ) , Asbury Automotive ( ABG ) and Dycom Industries ( DY ) . Click to get this free report AECOM TECH CORP (ACM): Free Stock Analysis Report LIVE NATION ENT (LYV): Free Stock Analysis Report HCA HOLDINGS (HCA): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report To read this article on Zacks.com click here. | Chicago, IL - June 10, 2015 - Stocks in this week's article include: Aecom Technology ( ACM ), Live Nation Entertainment ( LYV ), HCA Holdings ( HCA ) , Asbury Automotive ( ABG ) and Dycom Industries ( DY ) . Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ( ACM ) Aecom Technology (Professional and Business Services) ( LYV ) Live Nation Entertainment (Leisure and Hospitality Services) ( HCA ) HCA Holdings (Healthcare) ( ABG ) Asbury Automotive (Retail Trade) ( DY ) Dycom Industries (Construction) Profitable stock ideas can come at any time and any place. Click to get this free report AECOM TECH CORP (ACM): Free Stock Analysis Report LIVE NATION ENT (LYV): Free Stock Analysis Report HCA HOLDINGS (HCA): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report To read this article on Zacks.com click here. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ( ACM ) Aecom Technology (Professional and Business Services) ( LYV ) Live Nation Entertainment (Leisure and Hospitality Services) ( HCA ) HCA Holdings (Healthcare) ( ABG ) Asbury Automotive (Retail Trade) ( DY ) Dycom Industries (Construction) Profitable stock ideas can come at any time and any place. Click to get this free report AECOM TECH CORP (ACM): Free Stock Analysis Report LIVE NATION ENT (LYV): Free Stock Analysis Report HCA HOLDINGS (HCA): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - June 10, 2015 - Stocks in this week's article include: Aecom Technology ( ACM ), Live Nation Entertainment ( LYV ), HCA Holdings ( HCA ) , Asbury Automotive ( ABG ) and Dycom Industries ( DY ) . | Click to get this free report AECOM TECH CORP (ACM): Free Stock Analysis Report LIVE NATION ENT (LYV): Free Stock Analysis Report HCA HOLDINGS (HCA): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report DYCOM INDS (DY): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - June 10, 2015 - Stocks in this week's article include: Aecom Technology ( ACM ), Live Nation Entertainment ( LYV ), HCA Holdings ( HCA ) , Asbury Automotive ( ABG ) and Dycom Industries ( DY ) . Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ( ACM ) Aecom Technology (Professional and Business Services) ( LYV ) Live Nation Entertainment (Leisure and Hospitality Services) ( HCA ) HCA Holdings (Healthcare) ( ABG ) Asbury Automotive (Retail Trade) ( DY ) Dycom Industries (Construction) Profitable stock ideas can come at any time and any place. |
28892.0 | 2015-06-02 00:00:00 UTC | Why Asbury Automotive Group (ABG) Could Shock the Market Soon - Tale of the Tape | ABG | https://www.nasdaq.com/articles/why-asbury-automotive-group-abg-could-shock-the-market-soon-tale-of-the-tape-2015-06-02 | nan | nan | It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Asbury Automotive Group, Inc. ( ABG ). This auto stock has actually seen estimates rise over the past two months for the current fiscal year by about 6.2%. But that is not yet reflected in its price, as the stock gained only 1.3% over the past 30 days.
You should not be concerned about the price remaining muted going forward. This year's expected earnings growth over the prior year is 24.9%, which should ultimately translate into price appreciation.
And if this isn't enough, ABG currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Asbury Automotive Group. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for ABG and that now might be an interesting buying opportunity.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Asbury Automotive Group, Inc. ( ABG ). Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for ABG and that now might be an interesting buying opportunity. And if this isn't enough, ABG currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ). | Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Asbury Automotive Group, Inc. ( ABG ). And if this isn't enough, ABG currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ). | And if this isn't enough, ABG currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ). Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Asbury Automotive Group, Inc. ( ABG ). | One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Asbury Automotive Group, Inc. ( ABG ). And if this isn't enough, ABG currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ). Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for ABG and that now might be an interesting buying opportunity. |
28893.0 | 2015-05-20 00:00:00 UTC | The Zacks Analyst Blog Highlights: Berkshire Hathaway, Asbury Automotive Group, Marathon Petroleum and AECOM - Press Releases | ABG | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-berkshire-hathaway-asbury-automotive-group-marathon | nan | nan | For Immediate Release
Chicago, IL - May 20, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Berkshire Hathaway ( BRK.B ), Asbury Automotive Group, Inc. ( ABG ), Marathon Petroleum Corp. ( MPC ) and AECOM ( ACM ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday's Analyst Blog:
Q Ratio Peaks: 3 Great Value Choices
The Bull Run that started in Mar 2009 has exceeded the rally which lasted from 1974-80. It is now the second-longest rally in nearly 60 years. Meanwhile, traditional value metrics currently exceed their long-term averages only marginally. However, the length of this Bull Run itself has led to speculation among market watchers that a bust may be in the offing.
Q Ratio
This has led to the renewed popularity of a number of valuation methods. One such method is Nobel Prize laureate James Tobin's Q ratio. Going by this metric, the value of U.S. equities is 10% higher than the cost of replacement of underlying assets.
This is the highest level recorded since the dotcom bubble or the Wall Street Crash of 1929. In essence, the ratio has increased by 100% from its value in 2009 and is currently at 1.10.
One view is that the current high level is attributable to an extended phase of quantitative easing. This in turn has inflated asset prices which could result in great market instability.
Conflicting Viewpoints
Others are skeptical about accepting the Q ratio as a reliable measure of valuation. Some investors believe that trusting the metric would have kept them away from a bull run which has increased share values by around $17 trillion.
But those in favor of using the measure believe it reflects the current trend of companies preferring to initiate buyback programs instead of stepping up capital investment. Data from Birinyi Associates Inc. shows that buyback programs of $400 billion were declared till April this year.
Lower Capital Investment
Capital investment increased to record level last year. However, data shows that an 11% increase has been recorded over the last two years, compared to a 45% surge in buybacks. The rise in equity prices has exacerbated this phenomenon, leading to the current level of the Q ratio.
However, the opposite view contends that the U.S. economy is more reliant on services at this point, replacing capital-intensive sectors such as steel and railroads. This has reduced the importance of metrics like the Q ratio.
Our Choices
Despite opposing viewpoints, there is no denying the fact that voices across regulators and industry are worried about stock valuations. Both Janet Yellen and Berkshire Hathaway ( BRK.B ) CEO Warren Buffett have expressed their concerns on this issue. This has increased the importance of opting for investments which are attractively priced compared to their underlying value.
Below we present three stocks which are great value choices. Among the metrics used to identify these stocks are favorable price-to-earnings and price-to-sales ratios.
Additionally, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount.
Our research shows that, stocks with Style Scores of 'A' or 'B' when combined with a Zacks Rank #1 or #2, offer the best upside potential. Based upon the above criteria, we have selected three stocks. Not only do these stocks have a favorable Zacks Rank but also a value score of 'A' or 'B.'
Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Asbury Automotive holds a Zacks Rank #1 (Buy) and has a Value Style Score of 'B'. The company has expected earnings growth of 25% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 15.90 and the price-to-sales ratio (P/S) is 0.38.
Marathon Petroleum Corp. ( MPC ) is a leading independent refiner, transporter and marketer of petroleum products. The company operates in three segments: Refining and Marketing, Speedway (Retail) and Pipeline Transportation.
Apart from a Zacks Rank #2 (Buy), Marathon Petroleum has a Value Style Score of 'A.' The company has expected earnings growth of 22.8% for the current year. It has a P/E (F1) of 9.67x and P/S of 0.31.
AECOM ( ACM ) is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government.
AECOM holds a Zacks Rank #2 (Buy) and has a Value Style Score of 'A.' The company has expected earnings growth of 27.3% for the current year. It has a P/E (F1) of 10.54x and a P/S of 0.39.
To end with another contrarian viewpoint, valuations could also have surged because other investment options are not attractive enough. However, concerns on this front remain, given the signals being sent out by a variety of indicators. Given their attractive valuations, these stocks would make prudent additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
MARATHON PETROL (MPC): Free Stock Analysis Report
AECOM TECH CORP (ACM): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include the Berkshire Hathaway ( BRK.B ), Asbury Automotive Group, Inc. ( ABG ), Marathon Petroleum Corp. ( MPC ) and AECOM ( ACM ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the United States. Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include the Berkshire Hathaway ( BRK.B ), Asbury Automotive Group, Inc. ( ABG ), Marathon Petroleum Corp. ( MPC ) and AECOM ( ACM ). Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the United States. | Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Berkshire Hathaway ( BRK.B ), Asbury Automotive Group, Inc. ( ABG ), Marathon Petroleum Corp. ( MPC ) and AECOM ( ACM ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the United States. | Stocks recently featured in the blog include the Berkshire Hathaway ( BRK.B ), Asbury Automotive Group, Inc. ( ABG ), Marathon Petroleum Corp. ( MPC ) and AECOM ( ACM ). Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the United States. Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report To read this article on Zacks.com click here. |
28894.0 | 2015-05-19 00:00:00 UTC | Q Ratio Peaks: 3 Great Value Choices - Analyst Blog | ABG | https://www.nasdaq.com/articles/q-ratio-peaks-3-great-value-choices-analyst-blog-2015-05-19 | nan | nan | The Bull Run that started in Mar 2009 has exceeded the rally which lasted from 1974-80. It is now the second-longest rally in nearly 60 years. Meanwhile, traditional value metrics currently exceed their long-term averages only marginally. However, the length of this Bull Run itself has led to speculation among market watchers that a bust may be in the offing.
Q Ratio
This has led to the renewed popularity of a number of valuation methods. One such method is Nobel Prize laureate James Tobin's Q ratio. Going by this metric, the value of U.S. equities is 10% higher than the cost of replacement of underlying assets.
This is the highest level recorded since the dotcom bubble or the Wall Street Crash of 1929. In essence, the ratio has increased by 100% from its value in 2009 and is currently at 1.10.
One view is that the current high level is attributable to an extended phase of quantitative easing. This in turn has inflated asset prices which could result in great market instability.
Conflicting Viewpoints
Others are skeptical about accepting the Q ratio as a reliable measure of valuation. Some investors believe that trusting the metric would have kept them away from a bull run which has increased share values by around $17 trillion.
But those in favor of using the measure believe it reflects the current trend of companies preferring to initiate buyback programs instead of stepping up capital investment. Data from Birinyi Associates Inc. shows that buyback programs of $400 billion were declared till April this year.
Lower Capital Investment
Capital investment increased to record level last year. However, data from Barclays Plc BCS shows that an 11% increase has been recorded over the last two years, compared to a 45% surge in buybacks. The rise in equity prices has exacerbated this phenomenon, leading to the current level of the Q ratio.
However, the opposite view contends that the U.S. economy is more reliant on services at this point. Apple AAPL and Facebook FB are the face of the country's corporates, replacing capital intensive sectors such as steel and railroads. This has reduced the importance of metrics like the Q ratio.
Our Choices
Despite opposing viewpoints, there is no denying the fact that voices across regulators and industry are worried about stock valuations. Both Janet Yellen and Berkshire Hathaway BRK.B CEO Warren Buffett have expressed their concerns on this issue. This has increased the importance of opting for investments which are attractively priced compared to their underlying value.
Below we present three stocks which are great value choices. Among the metrics used to identify these stocks are favorable price-to-earnings and price-to-sales ratios.
Additionally, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount.
Our research shows that, stocks with Style Scores of 'A' or 'B' when combined with a Zacks Rank #1 or #2, offer the best upside potential. Based upon the above criteria, we have selected three stocks. Not only do these stocks have a favorable Zacks Rank but also a value score of 'A' or 'B.'
Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Asbury Automotive holds a Zacks Rank #1 (Buy) and has a Value Style Score of 'B'. The company has expected earnings growth of 25% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 15.90 and the price-to-sales ratio (P/S) is 0.38.
Marathon Petroleum Corp.MPC is a leading independent refiner, transporter and marketer of petroleum products. The company operates in three segments: Refining and Marketing, Speedway (Retail) and Pipeline Transportation.
Apart from a Zacks Rank #2 (Buy), Marathon Petroleum has a Value Style Score of 'A.' The company has expected earnings growth of 22.8% for the current year. It has a P/E (F1) of 9.67x and P/S of 0.31.
AECOMACM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government.
AECOM holds a Zacks Rank #2 (Buy) and has a Value Style Score of 'A.' The company has expected earnings growth of 27.3% for the current year. It has a P/E (F1) of 10.54x and a P/S of 0.39.
To end with another contrarian viewpoint, valuations could also have surged because other investment options are not attractive enough. However, concerns on this front remain, given the signals being sent out by a variety of indicators. Given their attractive valuations, these stocks would make prudent additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AECOM TECH CORP (ACM): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
MARATHON PETROL (MPC): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
BARCLAY PLC-ADR (BCS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis Report To read this article on Zacks.com click here. However, data from Barclays Plc BCS shows that an 11% increase has been recorded over the last two years, compared to a 45% surge in buybacks. | Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Lower Capital Investment Capital investment increased to record level last year. | Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Lower Capital Investment Capital investment increased to record level last year. | Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the United States. Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AECOM TECH CORP (ACM): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis Report To read this article on Zacks.com click here. Lower Capital Investment Capital investment increased to record level last year. |
28895.0 | 2015-05-01 00:00:00 UTC | Penske Automotive's Q1 Earnings Beat, Shares Fall - Analyst Blog | ABG | https://www.nasdaq.com/articles/penske-automotives-q1-earnings-beat-shares-fall-analyst-blog-2015-05-01 | nan | nan | Penske Automotive Group, Inc. 's PAG shares fell 4.7% on Apr 28, after the company's first-quarter 2015 revenues came in below estimates. Penske Automotive's first-quarter 2015 earnings per share improved 14.9% to 85 cents from 74 cents reported in the year-ago quarter. Earnings also surpassed the Zacks Consensus Estimate of 82 cents. Net income from continuing operations rose 13.7% to $76.4 million in the quarter from $67.2 million a year ago.
Penske Automotive Group Inc. - Earnings Surprise | FindTheCompany
Revenues grew 11.4% year over year to $4.47 billion, but fell short of the Zacks Consensus Estimate of $4.54 billion. The year-over-year improvement in revenues was driven by a 6.7% increase in total retail sales to 101,350 units, including a 5.2% rise in same-store retail sales to 99,748 units.
Retail unit sales went up 4.2% in the U.S. and 11.4% internationally. Same-store retail revenues rose 4.6% to $3.89 billion.
New Vehicle revenues increased 5.9% to $2.1 billion on a 6.6% rise in sales to 53,293 units. Used Vehicle revenues rose 6.8% to $1.28 billion, led by a 6.7% increase in sales to 48,057 units. Meanwhile, revenues from Service and Parts improved 5.3% to $437.3 million. Revenues from Fleet and Wholesale Vehicle improved 14.7% to $214.2 million, while revenues from Finance and Insurance rose 6.3% to $111.1 million.
Gross profit improved 12.2% to $688.7 million from $614 million in the first quarter of 2014. Operating income augmented 12.3% to $135.6 million from $120.7 million a year ago.
Acquisitions
During the reported quarter, Penske Automotive acquired two commercial truck dealerships, Freightliner of Knoxville and Freightliner of Chattanooga. These dealerships are expected to generate annualized incremental revenues of about $200 million.
In addition, Penske Automotive acquired a Land Rover retail automotive dealership in Darien, CT, which is expected to generate annual revenues of $50 million.
Share Repurchases
During the reported quarter, Penske Automotive repurchased 283,000 shares at $49.25 per share for a total of $14 million. As of Mar 31, 2015, the company had $136 million remaining under its share repurchase authorization.
Financial Position
Penske Automotive had cash and cash equivalents of $66.8 million as of Mar 31, 2015, up from $36.3 million as of Dec 31, 2014. Long-term debt stood at $1.2 billion as of Mar 31, 2015, down from $1.35 billion as of Dec 31, 2014.
Penske Automotive is one of the largest automotive retailers in the U.S., along with Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Penske Automotive is poised to benefit from increasing dealerships, the rising sales of new vehicles and its strong financial position.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Penske Automotive is one of the largest automotive retailers in the U.S., along with Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group, Inc. 's PAG shares fell 4.7% on Apr 28, after the company's first-quarter 2015 revenues came in below estimates. | Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive is one of the largest automotive retailers in the U.S., along with Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Penske Automotive Group Inc. - Earnings Surprise | FindTheCompany Revenues grew 11.4% year over year to $4.47 billion, but fell short of the Zacks Consensus Estimate of $4.54 billion. | Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive is one of the largest automotive retailers in the U.S., along with Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Penske Automotive Group Inc. - Earnings Surprise | FindTheCompany Revenues grew 11.4% year over year to $4.47 billion, but fell short of the Zacks Consensus Estimate of $4.54 billion. | Penske Automotive is one of the largest automotive retailers in the U.S., along with Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Penske Automotive Group Inc. - Earnings Surprise | FindTheCompany Revenues grew 11.4% year over year to $4.47 billion, but fell short of the Zacks Consensus Estimate of $4.54 billion. |
28896.0 | 2015-04-30 00:00:00 UTC | Asbury Automotive (ABG): Strong Industry, Solid Earnings Estimate Revisions - Tale of the Tape | ABG | https://www.nasdaq.com/articles/asbury-automotive-abg%3A-strong-industry-solid-earnings-estimate-revisions-tale-of-the-tape | nan | nan | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This is because this security in the Retail/Wholesale Auto/Truck space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail/Wholesale Auto/Truck space as it currently has a Zacks Industry Rank of 55 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Asbury Automotive is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $1.36 per share to $1.43 per share, while current year estimates have risen from $5.14 a share to $5.37 a share. This has helped ABG to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Asbury Automotive. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This has helped ABG to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ( ABG ). This has helped ABG to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. |
28897.0 | 2015-04-29 00:00:00 UTC | Tenneco's (TEN) Q1 Earnings Beat Estimates; Shares Rise - Analyst Blog | ABG | https://www.nasdaq.com/articles/tennecos-ten-q1-earnings-beat-estimates-shares-rise-analyst-blog-2015-04-29 | nan | nan | Tenneco Inc. 's TEN shares gained 2.3% to reach $58.6 on Apr 27, after the company's first-quarter 2015 earnings marginally surpassed estimates. Tenneco reported adjusted earnings per share of 88 cents in the first quarter of 2015, which beat the Zacks Consensus Estimate by a penny. However, earnings per share decreased 3.3% from 91 cents recorded in the first quarter of 2014. Adjusted net income dropped 3.6% to $54 million from $56 million a year ago.
Tenneco Inc. - Earnings Surprise | FindTheCompany
On a reported basis, Tenneco's net income came in at $49 million or 80 cents per share, compared with $46 million or 75 cents per share in the year-ago quarter. The company's reported net income in first-quarter 2015 includes restructuring and tax adjustments.
Revenues decreased 3.4% year over year to $2.02 billion, marginally missing the Zacks Consensus Estimate of $2.03 billion. Excluding currency effects, revenues rose 4% to $2.2 billion. The increase was driven by an improvement in both the Clean Air and Ride Performance businesses due to higher light vehicle volumes along with new program launches, incremental commercial truck and off-highway content, and higher North America aftermarket sales. OE light vehicle revenue increased 5%, commercial truck and off-highway revenue went up 1% and aftermarket revenue improved 4% year over year.
Adjusted EBIT (earnings before interest, taxes and non-controlling interests) grew 1.6% to $125 million from $123 million a year ago. Meanwhile, adjusted EBIT margin improved to 6.2% from 5.9% a year ago.
Segment Results
Revenues from the Clean Air Division decreased 2.7% to $1.41 billion from $1.44 billion a year ago. Adjusted EBIT was $93 million, on par with the year-ago level.
Revenues from the Ride Performance Division dropped 4.9% to $618 million from $650 million a year ago. Adjusted EBIT rose to $56 million from $55 million in the year-ago period.
Financial Position
Tenneco had cash and cash equivalents of $288 million as of Mar 31, 2015, up from $282 million as of Dec 31, 2014. Total debt stood at $1.3 billion as of Mar 31, 2015 compared with $1.10 billion as of Dec 31, 2014.
In the first quarter of 2015, cash outflow from operating activities was $50 million, compared with $140 million in the year-ago period. Capital expenditures for the period totaled $70 million as against $71 million in the year-ago quarter.
Outlook
In 2015, Tenneco's revenues will benefit from consistent and strong structural growth, including a rise in global light vehicle industry production, increasing demand for MONROE Intelligent Suspension technologies and strict emissions regulations.
For the second quarter of 2015, Tenneco expects global light vehicle industry production to increase 3% in the regions where it operates. Total revenue is expected to improve about 5% in the second quarter, excluding currency effects. For full-year 2015, Tenneco expects total revenue to improve about 5%-8%, excluding currency effects. The company focuses on growth opportunities and cost-reduction initiatives to boost its earnings and improve profitability.
Tenneco carries a Zacks Rank #4 (Sell). Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . While Asbury Automotive sports a Zacks Rank #1 (Strong Buy), both AutoNation and Lithia Motors carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
TENNECO INC (TEN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Tenneco Inc. 's TEN shares gained 2.3% to reach $58.6 on Apr 27, after the company's first-quarter 2015 earnings marginally surpassed estimates. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . OE light vehicle revenue increased 5%, commercial truck and off-highway revenue went up 1% and aftermarket revenue improved 4% year over year. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Tenneco Inc. - Earnings Surprise | FindTheCompany On a reported basis, Tenneco's net income came in at $49 million or 80 cents per share, compared with $46 million or 75 cents per share in the year-ago quarter. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Tenneco Inc. - Earnings Surprise | FindTheCompany On a reported basis, Tenneco's net income came in at $49 million or 80 cents per share, compared with $46 million or 75 cents per share in the year-ago quarter. |
28898.0 | 2015-04-29 00:00:00 UTC | Group 1 Automotive Beats Q1 Earnings on Revenue Rise - Analyst Blog | ABG | https://www.nasdaq.com/articles/group-1-automotive-beats-q1-earnings-on-revenue-rise-analyst-blog-2015-04-29 | nan | nan | Group 1 Automotive Inc.GPI reported a 23.5% year-over-year increase in earnings per share to $1.47 in the first quarter of 2015 that surpassed the Zacks Consensus Estimate by 9 cents. Net income grew 14.4% to $35.8 million from $31.3 million in the year-ago quarter. The improvement in earnings was driven by strong top-line growth in the U.S and the U.K.
Group 1 Automotive Inc. - Earnings Surprise | FindTheCompany
Revenues increased 7.6% year over year to $2.43 billion, marginally missing the Zacks Consensus Estimate of $2.48 billion. The year-over-year improvement was driven by strong performances across all of the company's businesses.
Revenues from new vehicle sales rose 5% to $1.3 billion on a 3.9% increase in unit sales to 39,239 vehicles. Revenues from retailed used vehicles improved 13.3% to $623.2 million on an 11.6% rise in unit sales to 29,983 vehicles. Revenues from wholesale used vehicles went up 12.4% to $100.2 million. Used vehicles' wholesale volume increased 9% to 13,940 units.
Revenues from the Parts and Service business increased 4.8% to $282.2 million. The company's Finance and Insurance business witnessed a 13.1% rise in revenues to $94.6 million.
Gross profit increased 7.6% to $363.9 million from $338.1 million in the year-ago quarter. Operating income increased 14.3% to $80.7 million from $70.6 million in the first quarter of 2014.
Segment Details
Revenues in the U.S. business increased 8.9% to $2 billion on the back of better performance in all operations and an increase in sales volume. The segment recorded a 5% increase in new vehicle sales to 31,438 units and a 9.2% rise in total used vehicles' volume to 35,692 units.
Revenues in the U.K. business augmented 20.9% to $299.5 million from $247.7 million in the year-ago quarter on the back of significant growth across all businesses. Retail new vehicle sales increased 20.4% to 4,509 units and total used vehicle sales escalated 34.2% to 6,578 units.
Revenues from the Brazil business decreased 24.5% to $134.8 million in the reported quarter. New vehicle retail sales decreased 18.9% to 3,292 units, while total used vehicle sales dropped 20.1% to 1,653 units. The Brazilian auto industry recorded a weak start to 2015 due to tax changes and overall economic issues.
Financial Details
Group 1 Automotive's cash and cash equivalents decreased to $26.3 million as of Mar 31, 2015, from $41 million as of Dec 31, 2014. Total debt amounted to $405.8 million as of Mar 31, 2015, compared with $392.6 million as of Dec 31, 2014.
Share Repurchase
During the first quarter of 2015, Group 1 Automotive repurchased 198,168 shares at an average price of $81.62 per share for a total of $16.2 million. As of Mar 31, 2015, the company had around $83.3 million remaining under its share repurchase program.
Acquisitions & Dispositions
During Mar 2015, Group 1 Automotive acquired an Audi dealership in Texas. In Apr 2015, the company acquired an Audi dealership in Florida. Group 1 Automotive expects that these franchises will generate around $240 million in annual revenues.
Further, in Mar 2015, Group 1 Automotive disposed of a small Mazda franchise in Georgia, which used to generate approximately $5 million in annual revenues.
Zacks Rank
Currently, Group 1 Automotive carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . While Asbury Automotive sports a Zacks Rank #1 (Strong Buy), both AutoNation and Lithia Motors carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
GROUP 1 AUTO (GPI): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Group 1 Automotive Inc.GPI reported a 23.5% year-over-year increase in earnings per share to $1.47 in the first quarter of 2015 that surpassed the Zacks Consensus Estimate by 9 cents. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . The improvement in earnings was driven by strong top-line growth in the U.S and the U.K. Group 1 Automotive Inc. - Earnings Surprise | FindTheCompany Revenues increased 7.6% year over year to $2.43 billion, marginally missing the Zacks Consensus Estimate of $2.48 billion. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Revenues from retailed used vehicles improved 13.3% to $623.2 million on an 11.6% rise in unit sales to 29,983 vehicles. | Better-ranked automobile stocks include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Lithia Motors Inc. LAD . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report GROUP 1 AUTO (GPI): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Group 1 Automotive Inc.GPI reported a 23.5% year-over-year increase in earnings per share to $1.47 in the first quarter of 2015 that surpassed the Zacks Consensus Estimate by 9 cents. |
28899.0 | 2015-04-27 00:00:00 UTC | Lithia Motors' Q1 Earnings Beat Estimates, Rise 35% Y/Y - Analyst Blog | ABG | https://www.nasdaq.com/articles/lithia-motors-q1-earnings-beat-estimates-rise-35-y-y-analyst-blog-2015-04-27 | nan | nan | Share price of Lithia Motors Inc.LAD increased 2.3% to $104.91 on Apr 23 after the company reported a 35% rise in adjusted earnings per share to $1.39 in the first quarter of 2015 from $1.03 in the corresponding quarter last year. Earnings also surpassed the Zacks Consensus Estimate by 16 cents. Net income surged 36.2% to $36.9 million from $27.1 million in the year-ago quarter.
Lithia Motors Inc. - Earnings Surprise | FindTheCompany
Revenues for the reported quarter increased 66% to $1.79 billion from $1.08 billion in the year-ago quarter. The increase in revenues was driven by better performance across all the segments, with the company's new vehicle sales being the bright spots. Revenues marginally surpassed the Zacks Consensus Estimate of $1.78 billion.
Revenues from new vehicle sales improved 74% to $1.01 billion in the quarter. New vehicle retail sales increased 77.3% to 30,623 units. However, revenues per vehicle decreased by 1.9% to $32.9. On a same-store basis, revenues from new vehicle sales went up 11.3% to $639.5 million.
Revenues from used vehicle retail climbed 53.3% to $462.9 million in the quarter. Revenues from used vehicle wholesale went up 45.7% to $62.2 million. Used vehicle retail sales improved 48.3% to 24,204 units, with revenues per vehicle increasing a marginal 3.4% to $19,126. Same-store revenues from used vehicle retail sales went up 11.1% to $333.3 million, while that from used vehicle wholesale rose 5.6% to $45.1 million.
Revenues from service body and parts went up 65.8% to $173.5 million. Meanwhile, the company's finance and insurance business witnessed a 63% rise in revenues to $64.6 million. Revenues from Fleet and Other surged 86.1% to $18.1 million.
Gross profit increased 58.9% to $273.4 million in the reported quarter from $172.1 million in the year-ago quarter. Operating income improved 51.8% to $67.9 million from $44.7 million in the first quarter of 2014.
Financial Details
Lithia Motors had cash and cash equivalents of $21.02 million as of Mar 31, 2015, down from $29.9 million as of Dec 31, 2014. Total debt was $662.4 million as of Mar 31, 2015, compared with $641 million as of Dec 31, 2014.
The company had an operating cash flow of $38.2 million in the first three months of 2015, compared with a cash outflow of $22.4 million in the first three months of 2014.
Store Openings
In Jan 2015, Lithia Motors opened a Subaru franchise store in Clearlake, TX. The company expects that this store will add $45 million to its annual revenues.
Dividend
Lithia Motors approved a 25% increase in its quarterly dividend to 20 cents per share from the prior payout of 16 cents per share. The dividend will be paid to shareholders on record as of May 15 on May 29, 2015.
Outlook
Lithia Motors expects earnings in the range of $1.55-$1.59 per share for the second quarter of 2015. Also, the company anticipates earnings in the band of $6.20-$6.30 per share for full-year 2015, higher than the previous projection of $5.95-$6.05. The company expects revenues between $7.5 billion and $7.7 billion for 2015, with a 43.5% increase in new vehicle sales and a 36.5% rise in used vehicle sales. Sales from service body and parts will likely increase 40.5%. Capital expenditure is expected to be $100 million.
Lithia Motors currently sports a Zacks Rank #1 (Strong Buy). Other well-ranked stocks in the same industry include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Allison Transmission Holdings, Inc. ALSN . While Asbury Automotive sports a Zacks Rank #1, both AutoNation and Allison Transmission carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AUTONATION INC (AN): Free Stock Analysis Report
ALLISON TRANSMN (ALSN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other well-ranked stocks in the same industry include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Allison Transmission Holdings, Inc. ALSN . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in revenues was driven by better performance across all the segments, with the company's new vehicle sales being the bright spots. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked stocks in the same industry include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Allison Transmission Holdings, Inc. ALSN . Lithia Motors Inc. - Earnings Surprise | FindTheCompany Revenues for the reported quarter increased 66% to $1.79 billion from $1.08 billion in the year-ago quarter. | Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked stocks in the same industry include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Allison Transmission Holdings, Inc. ALSN . Same-store revenues from used vehicle retail sales went up 11.1% to $333.3 million, while that from used vehicle wholesale rose 5.6% to $45.1 million. | Other well-ranked stocks in the same industry include Asbury Automotive Group, Inc. ABG , AutoNation Inc. AN and Allison Transmission Holdings, Inc. ALSN . Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from used vehicle wholesale went up 45.7% to $62.2 million. |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.