Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Asbury Automotive Group (ABG)
Headquartered in Duluth, GA, Asbury is one of the largest automotive retailers of new and used vehicles, and related services in the United States. As of December 31, 2021, Asbury owned 205 new vehicle franchises at 155 locations. It also operates 35 collision centers, seven stand-alone used vehicle dealerships, one used vehicle wholesale business and one auto auction within 15 states. The company offers 31 automotive brands including Lexus, Mercedes-Benz, Acura, BMW, Genesis, Infiniti, Jaguar, Land Rover, Lincoln, Porsche, Volvo, Audi, Bentley, Toyota, Honda, Nissan, Hyundai, Sprinter, Volkswagen, Subaru, Fiat, Kia, MINI, Isuzu, Dodge, Chrysler, Jeep, Ford, Chevrolet, Buick and GMC.
ABG sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 37.7% and 60.5% year-over-year, respectively.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $1.75 to $37.58 per share. ABG boasts an average earnings surprise of 14.5%.
Looking at cash flow, Asbury Automotive Group is expected to report cash flow growth of 97.7% this year; ABG has generated cash flow growth of 26.4% over the past three to five years.
Investors should take the time to consider ABG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
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