[ibd-display-video id=2881825 width=50 float=left autostart=true] The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move.
Lithia Motors broke out earlier, but has fallen back below the prior 123.60 entry from a flat base . In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape.
The stock sports an 88 EPS Rating, meaning its recent quarterly and annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 6% EPS gain for Q3. Revenue growth increased 19%, up from 16% in the prior report. The company has now posted rising growth in each of the last two reports.
Lithia Motors holds the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Kar Auction Services ( KAR ) and Rush Enterprises ( RUSHB ) are also among the group's highest-rated stocks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.