February 3, 2023
Categories:
Finance
Valantis Aristides
7 minute read

Advan Notable Hits: Asbury Automotive Group, Inc. (ABG)

Notable Hit: (ABG:NYSE) On Thursday February 2, 2023 Asbury Automotive Group, Inc. (ABG) posted revenues of $3.71 billion, missing the consensus estimates by 3% and in the same direction as Advan's forecasted sales. The revenue increased 39% YoY - in line with Advan's foot traffic data increase of 18% YoY across its auto dealerships for Q4 2022. The stock closed at $241.71, up 4.35% from previous close. Advan's footfall data has a correlation of 0.89 on a YoY basis with ABG's top-line revenue over the last 11 quarters.


Advan Hits: ABG correlation traffic vs revenue


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Valantis Aristides

Valantis has been focused on product management across B2B and B2C SaaS and data analytics, specializing in translating complex data into clear, actionable insights that inform business and investment decisions, product innovation, and customer engagement. His experience includes analyzing mobility trends, credit card transactions, and alternative data to uncover patterns that shape strategy and highlight market opportunities.