NEW YORK ( TheStreet) -- Asbury Automotive Group (NYSE: ABG) is trading at unusually high volume Friday with 1.6 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 61 cents (+3.9%) at $16.25 as of 4:03 p.m. ET. Asbury Automotive Group has a market cap of $507.3 million and is part of the services sector and specialty retail industry. Shares are down 15.4% 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 15.6, above the average specialty retail industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Asbury Automotive Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Asbury Automotive Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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