27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Shares of Asbury Automotive Group (NYSE:ABG) remained unaffected after the company reported Q2 results.
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Quarterly Results
Earnings per share increased 208.73% year over year to $7.78, which beat the estimate of $4.38.
Revenue of $2,584,000,000 higher by 78.82% year over year, which beat the estimate of $2,280,000,000.
Looking Ahead
Asbury Automotive Group hasn't issued any earnings guidance for the time being.
Asbury Automotive Group hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Jul 27, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/crukhra5
Price Action
52-week high: $216.88
52-week low: $91.52
Price action over last quarter: down 3.77%
Company Overview
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates over 90 stores with associated parts and service departments and 25 collision centers. About 80% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 9 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Its store brands include David McDavid and Park Place in Texas, Plaza in Missouri, and Nalley and Crown in the southeastern U.S. Asbury generated $7.1 billion of revenue in 2020 and is based in the Atlanta area.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.