The Relative Strength (RS) Rating for Sonic Automotive Cl A moved into a new percentile Monday, as it got a lift from 69 to 73.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest price moves. See if Sonic Automotive Cl A can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Sonic Automotive Cl A is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could ignite a new run.
Earnings grew -7% last quarter, up from -38% in the prior report. Revenue also increased, from -4% to 9%.
The company earns the No. 11 rank among its peers in the Retail/Wholesale-Auto Parts industry group. OPENLANE, Carvana Cl A and Group 1 Automotive are among the top 5 highly rated stocks 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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