Asbury Automotive Group Inc Common Stock: Growth Stock Analysis

Are you looking to invest in a promising growth stock? Look no further than Asbury Automotive Group Inc (ASBY). In this article, we will delve into the common stock of Asbury Automotive Group Inc, its trading hours, and why it is considered a growth stock.

Understanding Asbury Automotive Group Inc Common Stock

Asbury Automotive Group Inc is a leading automotive retailer in the United States. The company operates through its network of over 200 stores, providing customers with a wide range of new and used vehicles, as well as vehicle maintenance and repair services.

The common stock of Asbury Automotive Group Inc (ASBY) is a publicly traded stock, making it accessible to individual investors. When considering investing in ASBY, it is essential to understand its trading hours.

Regular Trading Hours for Asbury Automotive Group Inc Common Stock

The regular trading hours for ASBY are from 9:30 AM to 4:00 PM Eastern Time (ET). This is the standard trading period for all U.S. stocks, excluding weekends and certain holidays.

Investors looking to buy or sell ASBY during these hours can do so through their brokerage accounts or trading platforms. It is important to note that trading outside of regular hours, such as pre-market or after-hours trading, may carry additional risks and fees.

Why Asbury Automotive Group Inc Common Stock is a Growth Stock

Asbury Automotive Group Inc has a strong track record of growth, making it a compelling investment opportunity. Here are some key reasons why ASBY is considered a growth stock:

• Consistent Revenue Growth: Over the past few years, Asbury Automotive Group Inc has experienced steady revenue growth, driven by its expanding network of stores and increasing customer base.
• Strong Earnings Performance: The company has demonstrated robust earnings performance, with a consistent increase in net income and earnings per share.
• Strategic Acquisitions: Asbury Automotive Group Inc has a history of strategic acquisitions, which have contributed to its growth and expansion into new markets.
• Market Opportunities: The automotive industry continues to grow, and Asbury Automotive Group Inc is well-positioned to capitalize on this trend through its diverse product offerings and comprehensive services.

Case Study: Asbury Automotive Group Inc’s Acquisition of Biggers Enterprises

One notable example of Asbury Automotive Group Inc’s growth strategy is its acquisition of Biggers Enterprises. This acquisition, completed in 2020, added 12 stores to Asbury’s network, expanding its presence in the Southeastern United States.

The acquisition was a strategic move to tap into a growing market and enhance Asbury’s competitive position. Since the acquisition, the company has seen an increase in revenue and earnings, further validating the decision to expand its footprint.

In conclusion, Asbury Automotive Group Inc Common Stock (ASBY) is a compelling growth stock for investors looking to capitalize on the automotive industry’s growth potential. With consistent revenue and earnings growth, strategic acquisitions, and a strong market position, ASBY presents a promising investment opportunity. Don’t miss out on the potential gains – consider adding ASBY to your portfolio today.