Yahoo Finance

Craig-Hallum raised the firm’s price target on Asbury Automotive (ABG) to $300 from $260 and keeps a Buy rating on the shares. The firm notes the company reported a solid a Q4 beat as new vehicle sales exceeded expectations, GPU were stable quarter-over-quarter, and Asbury Automotive drove operating leverage through OpEx on that upside. After three years of post-COVID normalization for the industry, Craig-Hallum thinks industry fundamentals are stabilizing/turning and investor sentiment will follow. The firm is constructive on the sector and thinks Trump will be a tailwind.

Maximize Your Portfolio with Data Driven Insights:

• Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

• Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on ABG:

• Asbury Automotive Sees Record Revenue in Q4 2024

• Asbury Automotive reports Q4 EPS $7.26 consensus $6.04

• ABG Upcoming Earnings Report: What to Expect?

• Asbury Automotive price target lowered to $255 from $260 at JPMorgan

• Asbury Automotive purchases of 15 acres of land in Dallas, Texas, no terms