The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Lithia Motors stock is currently trying to rise above key moving averages, far from a buy area. With auto makers struggling to meet demand, dealers may be ready to move. Adding to your watchlist might be a good idea.
The stock earns a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks. Currently showing a Consolidation Pattern in MarketSmith, it nearly made a double-bottom.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 199% EPS growth. It has now posted accelerating EPS gains for two consecutive quarters. Top line growth climbed 118%, up from 55% in the prior quarter. That marks four consecutive reports with rising growth.
Lithia Motors holds the No. 6 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Autonation (AN), Sonic Automotive (SAH) and Asbury Automotive (ABG) are among the top 5 highly-rated stocks within the group.
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