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Asbury Automotive Group Inc (ABG): Today's Featured Specialty Retail Winner
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Written by TheStreet Wire   
Monday, 12 December 2011
Asbury Automotive Group (ABG) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day down 1.2%. By the end of trading, Asbury Automotive Group rose 17 cents (0.8%) to $21.16 on light volume. Throughout the day, 236,849 shares of Asbury Automotive Group exchanged hands as compared to its average daily volume of 438,700 shares. The stock ranged in a price between $20.71-$21.22 after having opened the day at $20.71 as compared to the previous trading day's close of $20.99. Other companies within the Specialty Retail industry that increased today were: iParty Corporation (IPT), up 11.3%, Netflix (NFLX), up 6.2%, Charles & Colvard (CTHR), up 4.8%, and Hastings Entertainment (HAST), up 2.5%.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. Asbury Automotive Group has a market cap of $641.5 million and is part of the services sector. The company has a P/E ratio of 18.7, above the average specialty retail industry P/E ratio of 12.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Friday. Currently there are three analysts that rate Asbury Automotive Group a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Asbury Automotive Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and disappointing return on equity.

 You can view the full Asbury Automotive Group Ratings Report.

On the negative front, Zagg (ZAGG), down 7.8%, Mecox Lane (MCOX), down 5.2%, Sport Chalet (SPCHB), down 4.5%, and Titan Machinery (TITN), down 4.4%, were all losers within the specialty retail industry with Dick's Sporting Goods (DKS) being today's specialty retail industry loser.

    Use our specialty retail section to find industry-relevant news.
    Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF (XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods (SZK).
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