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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LEA Forecast + Options Trading Strategies   [LEA]  Lear (0.77)


W Forecast + Options Trading Strategies   [W]  Wayfair (0.75)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (0.75)


RH Forecast + Options Trading Strategies   [RH]  RH - (0.74)


JOBY Forecast + Options Trading Strategies   [JOBY]  Joby Aviation (0.74)



Uncorrelated Stock Forecasts

Assets with little price relationship to ABG



XLP Forecast + Options Trading Strategies   [XLP]  Consumer Staples Select Sector SPDR (-0.0)


ANF Forecast + Options Trading Strategies   [ANF]  Abercrombie & Fitch (0.0)


MPC Forecast + Options Trading Strategies   [MPC]  Marathon Petroleum (0.0)


TERN Forecast + Options Trading Strategies   [TERN]  Terns Pharmaceuticals (0.0)


ARWR Forecast + Options Trading Strategies   [ARWR]  Arrowhead Pharmaceuticals (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ABG



VSCO Forecast + Options Trading Strategies   [VSCO]  Victoria's Secret (-0.37)


HUM Forecast + Options Trading Strategies   [HUM]  Humana (-0.39)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.42)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.43)


UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (-0.6)





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