Bullish Case: Strong recent upward price momentum combined with a relatively low price-to-book ratio and institutional buy-in signals market confidence, which may continue to push ABG shares higher.


Bearish Case: Insider selling, coupled with analyst downgrades and a flat term structure implying uncertainty, could result in a downward price correction if market sentiment shifts negatively.


Potential Outcomes:

1) Market optimism drives price up (40%).

2) Insider selling leads to a downturn (30%).

3) Flat trading continues amidst uncertainty (30%).


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March 26, 2024


Asbury Automotive Forecast

ABG        Asbury Automotive
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






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