ABG Price Prediction Next Week
Analysis and Insights
News and Earnings Performance:
Asbury Automotive Group (ABG) recently reported strong Q4 earnings, with revenue reaching a record $4.5 billion, an 18.2% year-over-year increase. Adjusted EPS of $7.26 surpassed estimates by $1.22, driven by operational efficiency and strong performance in new and used vehicle sales. This led to a significant stock surge of 11.5% to $305.88, though short interest remains high at 11.1%, signaling potential volatility.
Technical Indicators:
- RSI (14): 35.21, indicating the stock is not overbought.
- MACD: Currently negative, suggesting bearish momentum.
- Fibonacci Levels: Resistance at $276.48 (R1) and $284.07 (R2), with support at $244.31 (S1).
Analyst Sentiment:
ABG has surpassed its average analyst target price of $258.33, trading at $259.84. Analysts are considering raising target prices, but there is a wide range of opinions, from $220 to $335.
Price Prediction and Recommendation:
Given the strong earnings but approaching resistance levels and bearish MACD, ABG may face a pullback. The predicted price for the next trading week is $255. Considering the technical indicators and potential resistance, the recommendation is to sell.
ABG Similar Chart Price Prediction
The price of ABG is predicted to go up 21.54%, based on the high correlation periods with TKNO. The similarity of these two price pattern on the periods is 96.71%.
ABG
TKNO
Up: 21.54%Similarity: 96.71%
ABG Revenue Forecast
ABG EPS Forecast
ABG FAQs
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ABG VS S&P500
The firm's product mix, weighted toward import and luxury brands, brings more affluent consumers to the dealership, which partially mitigates the sales decline during cyclical downturns that auto sales typically experience. Most Clicklane digital customers are also of a higher credit quality and wealth than the company had in the past.
Auto dealerships are moaty businesses that can maintain a narrow range of operating margins regardless of economic conditions.
Sizable dealership companies enjoy economies of scale, albeit limited ones.
ABG Analyst's Forecast
Jeff Lick
Stephens & Co.
Hold
2025-02-11
Price Target
$220 → $260
Downside
-12.63%
Stephens raised the firm's price target on Asbury Automotive to $260 from $220 and keeps an Equal Weight rating on the shares. Following the company's recent Q4 report, the firm's revised 2025 EPS estimate of $25.27 is up from $25.05 previously, but its 2026 estimate of $24.94 is lowered from $26.61.
Rajat Gupta
JP Morgan
Hold
2025-01-17
Price Target
$260 → $255
Upside
+4.31%
Glenn Chin
Seaport Global
Strong Buy → Hold
2024-11-12
Price Target
n/a
Downside
0%
