On Thursday, Lithia Motors got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
Lithia Motors is working on a consolidation with a 405.68 buy point. See if the stock can break out in heavy trade.
Earnings growth rose last quarter from -6% to 25%. But sales fell from 20% to 7%. The company is expected to report its latest numbers on or around Jul. 29.
Lithia Motors holds the No. 4 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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