Banking

Autonation Sees Its Composite Rating Rise To 98

The IBD SmartSelect Composite Rating for Autonation (AN) rose from 93 to 98 Tuesday.

The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Autonation has now climbed above a proper buy zone after breaking out from a 107.09 entry in a consolidation.


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The stock earns a 91 EPS Rating, meaning its recent quarterly and annual earnings growth tops 91% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The company posted a 243% rise in earnings for Q2. That means it’s now posted two straight quarters of rising EPS gains. Revenue growth increased 54%, up from 27% in the prior report. That marks four consecutive reports with increasing revenue gains.

Autonation earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Asbury Automotive (ABG) and Lithia Motors (LAD) are also among the group’s highest-rated stocks.

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