Asbury Automotive Group Inc (ABG)
Asbury Automotive Group, Inc. is an automobile retailer in the United States. The company is headquartered in Duluth, Georgia.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 4.61% per annum.
- ABG price at the close of April 28, 2025 was $224.45 and was higher than the top border of the primary price channel by $43.88 (24.30%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.78% per annum.
- ABG price at the close of April 28, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ABG price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 6, 2021
End date: January 9, 2023
a = 5.2552
b = -0.0001
s = 0.0884
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -4.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0884) – 1
= 42.45%
January 6, 2021 calculations
Top border of price channel:
Exp(Y174)
= Exp(a + b × X174 + 2 × s)
= Exp(a + b × 252 + 2 × s)
= Exp(5.2552 + -0.0001 × 252 + 2 × 0.0884)
= Exp(5.3996)
= $221.31
Bottom border of price channel:
Exp(Y174)
= Exp(a + b × X174 – 2 × s)
= Exp(a + b × 252 – 2 × s)
= Exp(5.2552 + -0.0001 × 252 – 2 × 0.0884)
= Exp(5.0458)
= $155.36
January 9, 2023 calculations
Top border of price channel:
Exp(Y679)
= Exp(a + b × X679 + 2 × s)
= Exp(a + b × 985 + 2 × s)
= Exp(5.2552 + -0.0001 × 985 + 2 × 0.0884)
= Exp(5.3048)
= $201.29
Bottom border of price channel:
Exp(Y679)
= Exp(a + b × X679 – 2 × s)
= Exp(a + b × 985 – 2 × s)
= Exp(5.2552 + -0.0001 × 985 – 2 × 0.0884)
= Exp(4.9510)
= $141.31
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 4.61% per annum.
- ABG price at the close of April 28, 2025 was $224.45 and was higher than the top border of the primary price channel by $43.88 (24.30%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 3, 2021
End date: March 26, 2025
a = 4.8819
b = 0.0004
s = 0.0841
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0841) – 1
= 39.99%
November 3, 2021 calculations
Top border of price channel:
Exp(Y383)
= Exp(a + b × X383 + 2 × s)
= Exp(a + b × 553 + 2 × s)
= Exp(4.8819 + 0.0004 × 553 + 2 × 0.0841)
= Exp(5.2590)
= $192.28
Bottom border of price channel:
Exp(Y383)
= Exp(a + b × X383 – 2 × s)
= Exp(a + b × 553 – 2 × s)
= Exp(4.8819 + 0.0004 × 553 – 2 × 0.0841)
= Exp(4.9225)
= $137.35
March 26, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(4.8819 + 0.0004 × 1,792 + 2 × 0.0841)
= Exp(5.7268)
= $307.00
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(4.8819 + 0.0004 × 1,792 – 2 × 0.0841)
= Exp(5.3904)
= $219.29
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.78% per annum.
- ABG price at the close of April 28, 2025 was inside the secondary price channel.