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AutoNation Stock Revs Up Its RS Rating To 93

On Tuesday, AutoNation (AN) received a positive adjustment to its Relative Strength Rating, from 90 to 93. Is AutoNation stock on your radar?




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against the rest of the market.

Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. So the 93 RS Rating for AutoNation stock is noteworthy.


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Is AutoNation Stock In The Buy Zone?

While AutoNation stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.

The seller of new and used cars reported 115% earnings growth in its most recent report. Revenue growth came in at 18%.

AutoNation stock earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Group 1 Automotive (GPI) and Driven Brands (DRVN) are also among the group’s highest-rated stocks.

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