On Tuesday, Group 1 Automotive reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 as they launch their biggest climbs.
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Group 1 Automotive is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -18% to 5%. Revenue rose from 11% to 24%. Look for the next report on or around Apr. 23.
Group 1 Automotive holds the No. 5 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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