In a welcome move, Group I Automotive ( GPI ) saw its Relative Strength Rating rise from 69 to 74 on Tuesday.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their largest climbs. See if Group I Automotive can continue to rebound and hit that benchmark.
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While the stock is not near a proper buying range right now, see if it manages to form and break out from a proper base .
Top and bottom line growth moved higher last quarter. Earnings were up 14%, compared to -13% in the prior report. Revenue increased from -4% to 7%.
The company holds the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ), Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
