OPENLANE saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 86.
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
OPENLANE is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could kick off a new price move.
While the company's bottom line growth fell in the company's most recently reported quarter from 44% to 31%, the top line rose 12%, up from 8% in the prior report. The company is expected to report its latest numbers on or around May 6.
OPENLANE earns the No. 4 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the No. 1-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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
