Short interest for Asbury Automotive Gr gives investors a sense of the degree to which investors are betting on the decline of Asbury Automotive Gr's stock. Short interest data is updated every two weeks.

Asbury Automotive Gr Stock (NYSE:ABG), Short Interest Report

Asbury Automotive Gr

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 157 new-vehicle stores and 37 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 15 states (mostly Texas, the West, the Mid-Atlantic, and the Southeast). Asbury store brands include McDavid and Park Place in Texas, Koons in the Washington, D.C. area, and the Larry H. Miller brand in the Western US. Asbury generated $14.8 billion of revenue in 2023 and is based in the Atlanta area. The firm targets at least $30 billion of revenue sometime between 2025 and 2030.

Milan,,Italy,-,August,10,,2017:,Asbury,Automotive,Group,Logo

Earnings

Equities

News

Markets

Movers

General

Asbury reported that new vehicle revenue increased by 17%, while new vehicle gross profit decreased by 9%.

Asbury Automotive Is Trading Lower On Heels Of Q1 Earnings Report

Analyst Color

Reiteration

Analyst Ratings

Trading Ideas

RACE

BofA Securities analyst John Murphy named Ferrari NV (NYSE: RACE), Asbury Automotive Group Inc (NYSE: ABG), and AutoNation Inc (NYSE: 

Ferrari, Asbury Automotive, And AutoNation Touted As Top Picks for 2024 By BofA: Luxury Status And Strong Free Cash Flow Drive Growth

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Gainers


	InMed Pharmaceuticals Inc. (NASDAQ: INM) shares climbed 169% to $1.56 after the company announced it selected a lead Alzheimer&#39;s drug candidate following proof-of-concept study data.


Why Asbury Automotive Group Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Asbury Automotive Group Inc

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ABG SUNDAL COLLIER ASA by ABG Sundal Collier ASA

ABG Sundal Collier Holding ASA

JP Morgan analyst Rajat Gupta maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Overweight and lowers the price target from $235 to $230.

Price Target

JP Morgan Maintains Overweight on Asbury Automotive Gr, Lowers Price Target to $230

Shares of Asbury Automotive Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) are trading at $213.99 each; that&#8217;s down by <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">more than 3.4% at last check Thursday.</a>
The Duluth, Georgia-based company reported first-quarter earnings per share of $7.21, missing the street view of $7.76 due to a <a href="https://www.benzinga.com/pressreleases/24/04/b38426134/asbury-automotive-group-reports-record-4-2-billion-in-revenue" target="_blank" rel="noreferrer noopener">tight inventory market and volume challenges. </a>
Quarterly sales of $4.201 billion missed the street view of $4.264 billion. Revenue, however, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">increased 17% year over year.</a> Gross profit increased 8% year-over-year to $750 million, while gross margin decreased 158 bps to 17.9%.
&#8220;We delivered on our ongoing commitment to profitably grow same store preowned volume by retailing over 2,700 more units sequentially, even in a tight inventory market, and new vehicle profits performed well against brand mix driven volume challenges,&#8221; said Asbury CEO David Hult.
Asbury&nbsp;said new vehicle unit volume increased by 18%, new vehicle revenue increased by 17%, while new vehicle gross profit decreased by 9%.
Same-store revenue of $3.5 billion decreased 1% year over year, while gross margin&nbsp;decreased&nbsp;136 bps to 18.1%.
As of March 31, 2024, the company had cash and floor plan offset accounts of $225 million.
The company repurchased approximately 240,000 shares for $50 million during the first quarter of 2024.&nbsp;
&#8220;Our results demonstrate how our strategic investments have enabled us to deliver strong results despite&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">challenging market conditions,&#8221; the CEO added.</a>
Share Repurchases
The company repurchased approximately 240,000 shares for $50 million during the first quarter&nbsp;2024.&nbsp;
As of March 31, Asbury&nbsp;had $153 million remaining on its share repurchase authorization.
Price Action:&nbsp;ABG shares are trading lower by 3.55% to $213.66 at last check Thursday.
Now Read:

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly earnings of $7.21 per share which missed the analyst consensus estimate of $7.63 by 5.5 percent. This is a 13.86 percent decrease over earnings of $8.37 per share from the same period last year. The company reported quarterly sales of $4.201 billion which missed the analyst consensus estimate of $4.264 billion by 1.48 percent. This is a 17.28 percent increase over sales of $3.582 billion the same period last year.

Earnings Misses

Asbury Automotive Gr Q1 2024 GAAP EPS $7.21 Misses $7.63 Estimate, Sales $4.201B Miss $4.264B Estimate

Asbury Automotive &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly earnings of $7.21 per share which missed the analyst consensus estimate of $7.63 by 5.5 percent.&nbsp;

Asbury Automotive Q1 2024 GAAP EPS $7.21 Misses $7.63 Estimate

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly sales of $4.201 billion which missed the analyst consensus estimate of $4.264 billion by 1.48 percent. This is a 17.28 percent increase over sales of $3.582 billion the same period last year.

Asbury Automotive Q1 Sales $4.201B Miss $4.264B Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UAA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$7.50</td>
<td>$105.6K</td>
<td>14.8K</td>
<td>49.0K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$225.00</td>
<td>$77.4K</td>
<td>7.9K</td>
<td>4.8K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$170.00</td>
<td>$70.4K</td>
<td>33.5K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$75.00</td>
<td>$27.0K</td>
<td>20.0K</td>
<td>3.8K</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/22/24</td>
<td>$19.00</td>
<td>$44.9K</td>
<td>484</td>
<td>693</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$105.00</td>
<td>$103.1K</td>
<td>4.0K</td>
<td>347</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$58.8K</td>
<td>60</td>
<td>140</td>
</tr>
<tr>
<td>ABG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$220.00</td>
<td>$249.5K</td>
<td>32</td>
<td>115</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$62.00</td>
<td>$93.2K</td>
<td>1.4K</td>
<td>111</td>
</tr>
<tr>
<td>EDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$100.00</td>
<td>$31.7K</td>
<td>354</td>
<td>87</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding UAA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), we observe a put option sweep with bearish sentiment. It expires in 190 day(s) on September 20, 2024. Parties traded 1006 contract(s) at a $7.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $105.6K, with a price of $105.0 per contract. There were 14822 open contracts at this strike prior to today, and today 49060 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 64 day(s) on May 17, 2024. This event was a transfer of 484 contract(s) at a $225.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $77.4K, with a price of $160.0 per contract. There were 7979 open contracts at this strike prior to today, and today 4883 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on March 15, 2024. Parties traded 88 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $70.4K, with a price of $800.0 per contract. There were 33577 open contracts at this strike prior to today, and today 4245 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with neutral sentiment. It expires in 36 day(s) on April 19, 2024. Parties traded 100 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $270.0 per contract. There were 20022 open contracts at this strike prior to today, and today 3853 contract(s) were bought and sold. 
• For PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on March 22, 2024. This event was a transfer of 1021 contract(s) at a $19.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $44.9K, with a price of $44.0 per contract. There were 484 open contracts at this strike prior to today, and today 693 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a put option sweep with bullish sentiment. It expires in 99 day(s) on June 21, 2024. Parties traded 125 contract(s) at a $105.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $103.1K, with a price of $825.0 per contract. There were 4012 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be neutral, expiring in 218 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $150.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $58.8K, with a price of $1402.0 per contract. There were 60 open contracts at this strike prior to today, and today 140 contract(s) were bought and sold. 
• For ABG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>), we notice a put option sweep that happens to be bullish, expiring in 127 day(s) on July 19, 2024. This event was a transfer of 115 contract(s) at a $220.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $249.5K, with a price of $2170.0 per contract. There were 32 open contracts at this strike prior to today, and today 115 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on March 15, 2024. This event was a transfer of 630 contract(s) at a $62.00 strike. The total cost received by the writing party (or parties) was $93.2K, with a price of $148.0 per contract. There were 1462 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold. 
• Regarding EDU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>), we observe a call option trade with bullish sentiment. It expires in 36 day(s) on April 19, 2024. Parties traded 86 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $31.7K, with a price of $369.0 per contract. There were 354 open contracts at this strike prior to today, and today 87 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Consumer Discretionary Stocks Whale Activity In Today's Session

Craig-Hallum analyst Ryan Sigdahl downgrades Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) from Buy to Hold and announces $230 price target.

Downgrades

Craig-Hallum Downgrades Asbury Automotive Gr to Hold, Announces $230 Price Target

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly earnings of $7.12 per share which missed the analyst consensus estimate of $7.67 by 7.17 percent. The company reported quarterly sales of $3.81 billion which beat the analyst consensus estimate of $3.67 billion by 3.99 percent. This is a 2.86 percent increase over sales of $3.71 billion the same period last year.

Earnings Beats

Asbury Automotive Gr Q4 2023 Adj EPS $7.12 Misses $7.67 Estimate, Sales $3.81B Beat $3.67B Estimate

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Earnings Scheduled For February 8, 2024

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that Asbury Automotive Gr will report an earnings per share (EPS) of $7.67. 
Asbury Automotive Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.32, which was followed by a 0.86% drop in the share price the next day.
Here's a look at Asbury Automotive Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>8.44</td>
<td>8.24</td>
<td>7.99</td>
<td>8.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>8.12</td>
<td>8.95</td>
<td>8.37</td>
<td>9.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.86%</td>
<td>1.65%</td>
<td>-0.86%</td>
<td>0.59%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707318110_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Asbury Automotive Gr were trading at $209.8 as of February 06. Over the last 52-week period, shares are down 10.29%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ABG/earnings">To track all earnings releases for Asbury Automotive Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Asbury Automotive Gr's Earnings

BofA Securities&nbsp;analyst John Murphy named&nbsp;Ferrari NV&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/race#NYSE">RACE</a>),&nbsp;Asbury Automotive Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abg#NYSE">ABG</a>), and&nbsp;AutoNation Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/an#NYSE">AN</a>) as the top picks for 2024.
The Auto industry remains well-positioned to benefit from the volume recovery and the beginning of a new cycle, especially in North America.&nbsp;
According to the analyst, RACE (<a class="editor-rtfLink" href="https://www.benzinga.com/quote/race/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Buy rating</a>) is a unique asset with significant intangible brand value and a true luxury status.
The analyst notes the company&rsquo;s balanced strategy of restrained volume growth, strong price increases, and new model introductions over the forecast period should drive strong consistent revenue and earnings growth.
ABG (<a class="editor-rtfLink" href="https://www.benzinga.com/quote/abg/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Buy rating</a>) is a structurally better business than it was pre-pandemic and continued strong FCF allows for acquisitions including the recently closed $3 billion Koons deal and buybacks that should yield earnings upside, writes the analyst.
Despite fears that New Vehicle GPUs could decline significantly, the analyst expects GPUs to fade and that AN (<a class="editor-rtfLink" href="https://www.benzinga.com/quote/an/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Buy rating</a>) will be able to maintain stronger SG&amp;A leverage than pre-pandemic.
Five auto themes to watch for in 2024:
Volumes in North America are likely to continue to grow given pent-up demand from production constraints during COVID.
In late 2023 sentiment on EVs soured, and the analyst&rsquo;s research indicates a dichotomy in the EV market, the premium market has moved towards electrification while mass market adoption lags.
The analyst notes this divergence is mostly driven by pricing, but don&rsquo;t see EV prices converging with ICE&rsquo;s in the near-term.&nbsp;
2024 is a new election cycle in the U.S. that will be particularly impactful for the Auto industry. According to the analyst, a Democrat victory would accelerate a transition to clean vehicles, while a Republican win would delay the transition.
The analyst expects lower raw materials and transportation costs to continue to benefit P&amp;Ls, especially for suppliers, but labor costs remain a challenge.
Though the rapid rise in delinquencies may raise some concerns, the analyst notes that the auto credit market remains solid and credit metrics are relatively robust.
Photo via Company

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Shares of companies in the consumer discretionary sector are trading lower as stocks across sectors drop amid a rise in yields.

JP Morgan analyst Rajat Gupta upgrades Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) from Neutral to Overweight and announces $245 price target.

Upgrades

JP Morgan Upgrades Asbury Automotive Gr to Overweight, Announces $245 Price Target

<h3>Gainers</h3>
<ul>
<li>InMed Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inm#NASDAQ">INM</a>) shares climbed 169% to $1.56&nbsp;after the company announced it selected a lead Alzheimer&#39;s drug candidate following proof-of-concept study data.</li>
<li>LianBio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lian#NASDAQ">LIAN</a>) shares climbed 94.3% to $2.7003 after the company entered into agreement with Bristol Myers Squibb for Mavacamten in China and other Asian markets.</li>
<li>Ascent Solar Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asti#NASDAQ">ASTI</a>) climbed 78.1% to $1.7499 after the company received encouragement from the U.S. Department of Energy to submit a full application for federal funding of the Agrivoltaic Product Development Project.</li>
<li>Falcon&#39;s Beyond Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbyd#NASDAQ">FBYD</a>) gained 36.8% to $17.53.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) jumped 31.4% to $1.88.</li>
<li>AERWINS Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) shares climbed 29.9% to $0.1481 after falling 10% on Monday.</li>
<li>Aspen Aerogels, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NASDAQ">ASPN</a>) rose 27.8% to $8.52.</li>
<li>SAI.TECH Global Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sai#NYSE">SAI</a>) climbed 26.6% to $1.14.</li>
<li>Mullen Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/muln#NASDAQ">MULN</a>) gained 26.4% to $0.2829.</li>
<li>Digihost Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dghi#NASDAQ">DGHI</a>) rose 26.2% to $1.59.</li>
<li>Travelzoo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tzoo#NASDAQ">TZOO</a>) surged 24.8% to $6.56 following strong quarterly results.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) gained 23.6% to $0.5440.</li>
<li>Agilysys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agys#NASDAQ">AGYS</a>) gained 21.5% to $77.62 after it reported second-quarter results.</li>
<li>Mawson Infrastructure Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/migi#NASDAQ">MIGI</a>) rose 20.2% to $0.8420.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) gained 18.7% to $3.7977. Iris Energy partnered with WEKA to optimize generative AI workloads.</li>
<li>Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) climbed 17.7% to $3.7550.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) jumped 17.3% to $1.1197. Nikola, on Oct 20, said an arbitration panel in New York, New York awarded Nikola approximately $165 million plus interest.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) rose 17.1% to $10.25 after Bitcoin reached $35,000 for the first time since 2022.</li>
<li>Argo Blockchain plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbk#NASDAQ">ARBK</a>) shares jumped 17% to $1.2750 after jumping over 12% on Monday.</li>
<li>Medpace Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/medp#NASDAQ">MEDP</a>) gained 16.5% to $265.03 after the company released its third-quarter results.</li>
<li>Hesai Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsai#NASDAQ">HSAI</a>) climbed 16.4% to $11.08.</li>
<li>Amneal Pharmaceuticals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amrx#NYSE">AMRX</a>) rose 15.7% to $3.8881. Amneal Pharmaceuticals sees preliminary third-quarter net revenue of $610 million to $620 million.</li>
<li>Diversified Healthcare Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dhc#NASDAQ">DHC</a>) surged 15.1% to $1.98 as the company issued monthly SHOP performance update.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 15% to $433.80 as Bitcoin continues to rise on spot ETF optimism.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) rose 14.2% to $4.86 after Bitcoin reached $35,000 for the first time since 2022..</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kc#NASDAQ">KC</a>) gained 13.6% to $5.05.</li>
<li>Anywhere Real Estate Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hous#NYSE">HOUS</a>) climbed 13.6% to $4.68 following quarterly results.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 13.4% to $87.53 after Bitcoin reached $35,000 for the first time since 2022.</li>
<li>Vision Marine Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vmar#NASDAQ">VMAR</a>) gained 12.1% to $2.1850.</li>
<li>Logitech International S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>) shares rose 11.7% to $76.43 as the company posted upbeat second-quarter results and raised its FY24 revenue guidance outlook.</li>
<li>Soluna Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slnh#NASDAQ">SLNH</a>) gained 11.5% to $3.38 after gaining 13% on Monday. Soluna achieved record low power costs paving the way for AI computing at Project Dorothy.</li>
<li>Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) jumped 11.2% to $91.90 following strong quarterly results.</li>
<li>Snow Lake Resources Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/litm#NASDAQ">LITM</a>) rose 11.1% to $1.03.</li>
<li>Matson, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matx#NYSE">MATX</a>) gained 10.9% to $94.68 after reporting preliminary third-quarter results.</li>
<li>Spotify Technology S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) rose 10.7% to $171.18 after the company reported third-quarter results. Premium revenue grew 10% year over year and total MAUs rose 26%.</li>
<li>HealthStream, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hstm#NASDAQ">HSTM</a>) gained 10.7% to $24.28 following third-quarter results.</li>
<li>Armstrong World Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awi#NYSE">AWI</a>) climbed 10% to $75.99 as the company posted upbeat third-quarter results and raised FY23 earnings guidance.</li>
<li>Verizon Communications Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) gained 8.7% to $34.11 after the company reported better-than-expected third-quarter financial results and issued guidance.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) gained 8.5% to $2.4314. CommScope is expected to release its third quarter 2023 financial results on Nov. 9.</li>
<li>Cleveland-Cliffs Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clf#NYSE">CLF</a>) surged 8% to $15.52 after the company reported strong quarterly results.</li>
<li>General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) gained 7.3% to $114.61 after the company reported third-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) shares dipped 70.7% to $119.00. reAlpha announced effectiveness of registration statement for proposed direct listing of its common stock on Nasdaq.</li>
<li>LumiraDx Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmdx#NASDAQ">LMDX</a>) shares fell 42% to $0.1596. LumiraDx shares jumped 216% on Monday after the company announced a strategic collaboration with AstraZeneca and Everton in the Community to set up England&#39;s first community-based heart and lung screening hub.</li>
<li>INVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invo#NASDAQ">INVO</a>) shares fell 34% to $1.40 after jumping over 292% on Monday. The company announced it will acquire NAYA Biosciences in an all-stock transaction.</li>
<li>Markforged Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkfg#NASDAQ">MKFG</a>) shares dipped 27.8% to $0.7801. Markforged sees preliminary third-quarter revenue of $20 million and projects 2023 revenue of $90 million to $95 million, which is below the low end of prior range.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) fell 25.2% to $2.25.</li>
<li>TransUnion (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tru#NYSE">TRU</a>) fell 24.6% to $48.88 after the company reported worse-than-expected third-quarter financial results and lowered FY23 guidance.</li>
<li>Calix, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/calx#NYSE">CALX</a>) dipped 23.3% to $32.67 after the company reported third-quarter financial results and issued guidance.</li>
<li>TrueBlue, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tbi#NYSE">TBI</a>) shares declined 20.6% to $10.85 as the company posted weaker-than-expected results for its third quarter.</li>
<li>The Aaron&#39;s Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aan#NYSE">AAN</a>) dropped 19.8% to $7.13 as the company reported a third-quarter FY23 sales decline of 11.4% year-on-year to $525.68 million, missing the analyst consensus estimate of $536.10 million..</li>
<li>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) fell 18.3% to $0.63.</li>
<li>ENGlobal Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eng#NASDAQ">ENG</a>) declined 16.4% to $0.2601.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) shares fell 14.2% to $0.3610 after dipping 34% on Monday.</li>
<li>Xerox Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrx#NYSE">XRX</a>) declined 8.8% to $12.29 as the company reported a third-quarter FY23 sales decline of 5.7% year-on-year to $1.65 billion, missing the consensus of $1.71 billion.</li>
<li>Washington Trust Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wash#NASDAQ">WASH</a>) declined 8.7% to $22.59 after the company reported a year-over-year decrease in EPS for the third quarter.</li>
<li>PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>) declined 8.5% to $6.68 following weak quarterly results.</li>
<li>Hexcel Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hxl#NYSE">HXL</a>) fell 8.2% to $59.60 after reporting weaker-than-expected third-quarter financial results.</li>
<li>TFI International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tfii#NYSE">TFII</a>) fell 8% to $107.36 after the company reported worse-than-expected earnings results.</li>
<li>IonQ, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionq#NASDAQ">IONQ</a>) fell 7.8% to $11.65. IonQ said Dr. Chris Monroe, Chief Science Officer, will be leaving the company.</li>
<li>Alaunos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrt#NASDAQ">TCRT</a>) fell 7.2% to $0.1022 after climbing around 6% on Monday.</li>
<li>Golden Heaven Group Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdhg#NASDAQ">GDHG</a>) declined 7.2% to $12.60.</li>
<li>Banc of California, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/banc#NYSE">BANC</a>) fell 6.6% to $10.52 after the company reported worse-than-expected third-quarter revenue results.</li>
<li>Asbury Automotive Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abg#NYSE">ABG</a>) declined 6.5% to $ 186.15 following weak quarterly results.</li>
<li>Barclays PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) shares fell 6.4% to $6.57 after reporting results for the third quarter.</li>
<li>AGNC Investment Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agnc#NASDAQ">AGNC</a>) shares fell 6% to $7.63 as the company reported preliminary estimates for the third quarter.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35387533/never-buy-a-drug-stock-just-for-the-yield-jim-cramer-on-this-big-pharma-company"> &#39;Never Buy A Drug Stock Just For The Yield&#39;: Jim Cramer On This Big Pharma Company </a>

Why Asbury Automotive Group Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly adjusted earnings of $8.12 per share which missed the analyst consensus estimate of $8.44 by 3.79 percent. This is a 12.03 percent decrease over earnings of $9.23 per share from the same period last year. The company reported quarterly sales of $3.67 billion which missed the analyst consensus estimate of $3.77 billion by 2.73 percent. This is a 5.17 percent decrease over sales of $3.87 billion the same period last year.

Asbury Automotive Gr Q3 Adj. EPS $8.12 Misses $8.44 Estimate, Sales $3.67B Miss $3.77B Estimate

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-24. Here's what investors need to know before the announcement.
Analysts estimate that Asbury Automotive Gr will report an earnings per share (EPS) of $8.44. 
Asbury Automotive Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.71, which was followed by a 1.65% increase in the share price the next day.
Here's a look at Asbury Automotive Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>8.24</td>
<td>7.99</td>
<td>8.21</td>
<td>9.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>8.95</td>
<td>8.37</td>
<td>9.12</td>
<td>9.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.65%</td>
<td>-0.86%</td>
<td>0.59%</td>
<td>-0.65%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698073337_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Asbury Automotive Gr were trading at $204.71 as of October 20. Over the last 52-week period, shares are up 31.85%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ABG/earnings">To track all earnings releases for Asbury Automotive Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JP Morgan analyst Rajat Gupta maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Neutral and raises the price target from $245 to $250.

JP Morgan Maintains Neutral on Asbury Automotive Gr, Raises Price Target to $250

Asbury Automotive Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abg#NYSE">ABG</a>) penned a deal to acquire Jim Koons Automotive Companies&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/b34357337/asbury-automotive-group-agrees-to-acquire-jim-koons-automotive-companies-in-the-largest-auto-retai" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for an undisclosed amount</a>.
Jim Koons is the ninth largest privately-owned dealership group in the U.S., and the buyout includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland, and Delaware.
Founded in 1973, Jim Koons was one of the 13 private groups with over $3 billion in revenue in 2022.
The transaction is expected to close in Q4 FY23 or early Q1 FY24, subject to customary closing conditions.
&quot;This acquisition is transformative for our company, enabling Asbury to further expand into one of the country&#39;s top economies in one of its fastest-growing regions, with some of the U.S.&#39; best-performing dealerships....We expect the Koons dealerships&#39; profitability to be generally in line with the profitability of Asbury&#39;s dealerships,&quot; said David Hult, Asbury&#39;s President and CEO.
As of June 30, 2023, the company had cash and floorplan offset accounts of $882 million, availability under the used vehicle floorplan line, and a revolver of $707 million for&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/07/b33364292/asbury-automotive-group-reports-second-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">around $1.6 billion in liquidity</a>.&nbsp;
Price Action: ABG shares are trading higher by 1.86% at $223.27 on the last check Friday.

Mid Cap

Deal Or No Deal? Asbury Automotive Acquires Ninth Largest Privately-Owned US Dealership, Jim Koons

Jim Koons Automotive Companies is the ninth largest privately-owned dealership group in the U.S. The sale of the Mid-Atlantic Region company is one of the most sizable in auto retail history, representing over&nbsp;$3 billion&nbsp;in revenue in 2022 and includes 20 dealerships, 29 franchises, six collision centers and one of the highest volume Toyota and Stellantis dealerships in the US.&nbsp;Asbury plans to fund the purchase price with its existing liquidity, credit facility and cash on hand.

Asbury Automotive Group Agrees To Acquire Jim Koons Automotive Companies; Terms Not Disclosed

Morgan Stanley analyst Adam Jonas maintains Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) with a Underweight and raises the price target from $128 to $165.

Morgan Stanley Maintains Underweight on Asbury Automotive Gr, Raises Price Target to $165

In a report released today, John Murphy from Bank of America Securities maintained a Buy rating on Asbury (ABG – Research Report). The company's sh...

Bank of America Securities Sticks to Its Buy Rating for Asbury (ABG)

Group 1 Automotive: Rapid Growth And Cheap Shares Perfect Recipe For Success

Asbury (ABG) has provided an update. Asbury Automotive Group, Inc. has announced the retirement of George A. Villasana, their Senior Vice President...

Asbury's Senior VP Villasana Set for 2024 Retirement

Asbury Automotive announces retirement of George Villasana as chief legal officer

In a report released today, Ryan Sigdahl from Craig-Hallum maintained a Hold rating on Asbury (ABG – Research Report). The company's shares closed ...

Craig-Hallum Keeps Their Hold Rating on Asbury (ABG)

Notable earnings before Thursday's open

Asbury Automotive Q1 2024 Earnings Preview

Asbury Automotive GAAP EPS of $7.21, revenue of $4.2B

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Asbury Automotive Gr Stock (NYSE:ABG), Short Interest Report

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