One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Group 1 Automotive cleared that benchmark Thursday, with a jump from 78 to 85 Thursday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Group 1 Automotive is working on a flat base with a 393.93 buy point. See if it can break out in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to launch sustained new runs.
Earnings-per-share growth decreased last quarter from -16% to -18%, but sales rose from 3% to 11%.
The company holds the No. 3 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Carvana Cl A is the No. 1-ranked stock within the group.
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