Back to top

Image: Bigstock

Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year?

Read MoreHide Full Article

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Asbury Automotive Group (ABG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Asbury Automotive Group is a member of the Retail-Wholesale sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABG is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ABG's full-year earnings has moved 6.11% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, ABG has moved about 4.59% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of -0.85% on a year-to-date basis. This means that Asbury Automotive Group is outperforming the sector as a whole this year.

Looking more specifically, ABG belongs to the Automotive - Retail and Whole Sales industry, a group that includes 9 individual stocks and currently sits at #10 in the Zacks Industry Rank. This group has lost an average of 25.31% so far this year, so ABG is performing better in this area.

ABG will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Asbury Automotive Group, Inc. (ABG) - free report >>

Published in