AutoNation saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 74.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they launch their largest climbs. See if AutoNation can continue to rebound and hit that benchmark.
While it's not currently an ideal time to buy shares, see if the stock goes on to form a consolidation and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 4% to 37%. Revenue rose from 3% to 8%.
The company holds 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.
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