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Relatively High Debt to Equity Ratio Detected in Shares of Asbury Automotive in the Automotive Retail Industry (ABG, KMX, SAH, GPI, PAG)

By Amy Schwartz

Below are the three companies in the Automotive Retail industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Asbury Automotive ranks highest with a a debt to equity ratio of 5.1. Carmax is next with a a debt to equity ratio of 3.1. Sonic Automotive ranks third highest with a a debt to equity ratio of 3.0.

Group 1 Automotive follows with a a debt to equity ratio of 2.7, and Penske Auto Group rounds out the top five with a a debt to equity ratio of 2.5.

SmarTrend recommended that its subscribers protect gains by selling shares of Asbury Automotive on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $55.54. Since that call, shares of Asbury Automotive have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to equity ratio asbury automotive CarMax sonic automotive group 1 automotive penske auto group

Ticker(s): ABG KMX SAH GPI PAG