Auto sales are rebounding with the Covid pandemic apparently on the run. On Monday, top-ranked Lithia Motors (LAD) got an upgrade for its IBD SmartSelect Composite Rating from 91 to and excellent, near-best 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Nearly 200% Profit Growth
The company reported a 193% earnings gain for Q1, to $5.89 per share. Revenue jumped 55% to $4.34 billion, up from 21% growth in the prior quarter. The company has now posted accelerating growth in each of the last three reports.
The stock earns a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Lithia Motors is now out of buy range after clearing the 310.67 buy point in a flat base. See if it offers a new buy opportunity such as forming a follow-on pattern like a three weeks tight, or rebounding off its 50-day or 10-week line.
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