Oct. 29 at 5:33 PM
$ABG beats earnings estimates, but is the stock a hold? 🤔
Asbury Automotive posted Q3 EPS of
$7.17, topping the Zacks Consensus Estimate of
$6.80, thanks to robust new vehicle sales and finance and insurance growth. However, increased SG&A expenses and rising long-term debt could weigh on future performance.
Full analysis here 👉 https://www.zacks.com/stock/news/2780502/asbury-q3-earnings-surpass-estimates-revenues-rise-yy?cid=sm-stocktwits-2-2780502-body-18347&ADID=SYND_STOCKTWITS_TWEET_2_2780502_BODY_18347