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

By TheStreet Wire 04/03/12 - 02:30 PM EDT

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

NEW YORK (TheStreet) -- Asbury Automotive Group (NYSE:ABG) hit a new 52-week high Tuesday as it is currently trading at $28.84, above its previous 52-week high of $28.39 with 563,744 shares traded as of 3:05 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 26.6% year to date as of the close of trading on Monday.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 18.4, above the average specialty retail industry P/E ratio of 14.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Asbury Automotive Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and poor profit margins. You can view the full Asbury Automotive Group Ratings Report.

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