Kar Auction Services ( KAR ) saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 93 the day before.
[ibd-display-video id=2102289 width=50 float=left autostart=true] The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run.
Kar Auction Services is now out of buy range after clearing the 47.13 buy point in a cup without handle.
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The stock earns a 92 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company reported a 14% rise in earnings for Q3. Revenue growth fell to 7%, down from 9% in the prior quarter.
Kar Auction Services earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ) is the top-ranked stock 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.
