Asbury Automotive (ABG) Up 4.8% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Asbury Automotive Group (ABG) shares have increased by approximately 4.8% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Estimates Movement - Estimates for Asbury Automotive have trended upward over the past month, indicating positive sentiment among analysts [2] VGM Scores - Asbury Automotive holds a strong Growth Score of A, but has a lower Momentum Score of D. The stock also received an A grade for value, placing it in the top quintile for this investment strategy. The aggregate VGM Score for the stock is A, which is significant for investors not focused on a single strategy [3] Outlook - The upward trend in estimates suggests a promising outlook for Asbury Automotive, with a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4] Industry Performance - Asbury Automotive is part of the Zacks Automotive - Retail and Wholesale industry. Sonic Automotive (SAH), a competitor in the same industry, has seen a 15.2% increase in its stock over the past month. Sonic Automotive reported revenues of $3.65 billion for the last quarter, reflecting a year-over-year increase of 7.9% [5] Sonic Automotive Estimates - Sonic Automotive is projected to report earnings of $1.59 per share for the current quarter, representing a year-over-year increase of 8.2%. The Zacks Consensus Estimate for Sonic has changed by +1.6% over the last 30 days, maintaining a Zacks Rank of 3 (Hold) and a VGM Score of A [6]