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Asbury Automotive Group Stock Hits New 52-Week High (ABG)

By TheStreet Wire 03/02/12 - 02:40 PM EST

Find out if (ABG) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Asbury Automotive Group (NYSE:ABG) hit a new 52-week high Friday as it is currently trading at $27.24, above its previous 52-week high of $27.20 with 595,309 shares traded as of 2:15 p.m. ET. Average volume has been 341,400 shares over the past 30 days.

Asbury Automotive Group has a market cap of $733.7 million and is part of the services sector and specialty retail industry. Shares are up 23% year to date as of the close of trading on Thursday.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 17.6, above the average specialty retail industry P/E ratio of 14.9 and equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Asbury Automotive Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Asbury Automotive Group Ratings Report.

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