- The consumer discretionary sector has been the worst performing sector in 2014, returning just 2.93% year-to-date compared to 7.4% for the broad market S&P 500.
- Both Asbury Auto and Lithia Motors are highly rated in the auto/retail wholesale group with an IBD composite rating of 98 and 99 respectively, providing strong consumer discretionary investment opportunities.
- Asbury had issued a conservative EPS growth guidance of 12.3% for the entire year, and so far the company has managed to handily beat its estimate.
- Lithia Motors second quarter revenue improved 21% to $1.2 billion with same-store sales growing 11%. EPS grew impressively at 28% to $1.34.