Asbury Automotive Group (ABG) shares rally 2.73% ahead of earnings report

Asbury Automotive Group (ABG) shares surged to their highest level since March 2025, with an intraday gain of 2.73%.

Asbury Automotive Group's stock price has been influenced by several key factors recently. The company's Q2 2025 earnings report, scheduled for July 29, 2025, is anticipated to provide insights into its financial performance, which could significantly impact investor sentiment and stock value.

The New York State Teachers Retirement System's decision to increase its holdings in Asbury Automotive Group by 13.7% during the first quarter of 2025 has also drawn attention. Institutional investments of this magnitude often signal confidence in the company's future prospects, potentially driving up the stock price.

Additionally, the rise in wholesale used car prices due to tariff disruptions has created a challenging environment for the automotive industry. This trend could affect Asbury Automotive Group's sales and dealership profitability, thereby influencing its stock performance.

On July 2, 2025, Kerrigan Advisors facilitated the sale of Larry H. Miller Ford, Chevrolet, and CDJR Dealerships in Provo, Utah, on behalf of Asbury Automotive Group. This transaction could have implications for the company's financials and overall stock value, as dealership sales can impact revenue streams and market positioning.