Asbury Automotive Group Inc Common Stock (ABG)

Asbury Automotive Group to acquire The Herb Chambers Companies for $1.34 billion in cash and credit, adding 33 dealerships and boosting revenue.

Asbury Automotive Group (NYSE: ABG) shares are trading higher Thursday after the company reported strong fourth-quarter financial results that exceeded analyst expectations.

Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies.

Companies Reporting Before The Bell • Ares Management (NYSE:ARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.

The CNN Fear and Greed index fell to 39.6, signaling Fear in the market. Dow Jones dropped 495 points, Nasdaq down 2.3%, S&P 500 down 1.37%.

ABG stock results show that Asbury Automotive Gr missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.

Asbury reported that new vehicle revenue increased by 17%, while new vehicle gross profit decreased by 9%.

BofA Securities analyst John Murphy named Ferrari NV (NYSE: RACE), Asbury Automotive Group Inc (NYSE: ABG), and AutoNation Inc (NYSE:

Although Russell 2000 stocks may operate in the lightweight category, these entities could potentially provide a knockout punch.

Gainers InMed Pharmaceuticals Inc. (NASDAQ: INM) shares climbed 169% to $1.56 after the company announced it selected a lead Alzheimer's drug candidate following proof-of-concept study data.

Asbury Automotive Group Inc (NYSE: ABG) penned a deal to acquire Jim Koons Automotive Companies 

The upgraded 73 RS Rating shows that Asbury stock has outperformed 73% of all stocks in the past 12 months in terms of price performance.

AutoNation stock saw its Relative Strength Rating move into the elite 90-plus level.