Asbury Automotive Group Inc

Stage 2 advancing regime saw a Blow-Off Top marking the terminal phase of the recent uptrend. Price has rejected the highs and is pulling back into the rising short-term EMAs from extreme overbought levels. Medium-term bias flips bearish; execution is deferred until a rally back into the prior highs or the EMA zone before engaging on the short side.

• ↑Q1 revenue $4.1 B (vs $4.5 B LY), gross margin rose to 17.7%.
• ↑Techion DMS lifted gross dollars per technician by 21% at Coons.
• ↓Vehicle sales fell 12% YoY, with weather and demand headwinds.