[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.
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.