General Motors (GM) has skidded below its 50-day moving average. Tesla (TSLA) has climbed back above that line but continues to navigate a multiyear slump. Meanwhile, Ferrari (RACE) has assumed the pole position among top automakers with a 92 Composite Rating from Investor’s Business Daily. Ferrari stock has now zoomed to the top of its buy range, notching an all-time high and a spot on IBD Leaderboard.
Featured as the IBD Stock Of The Day on Aug. 14, Ferrari has continued gallop past a 442.89 buy point in a second-stage flat base. Building on last Wednesday’s breakout, the stock was up again on Monday, lifting it to the top of its buy range. The ideal buy zone extends to 464.84. Ferrari stock closed the session at 463.03.
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Ferrari Stock Has Tesla And GM Playing Catch-Up
It’s not just the technical performance of Ferrari stock that has Tesla and GM lagging behind. The legendary race car brand is also outpacing its rival automakers in key fundamental metrics.
Ferrari sports an SMR Rating of A from IBD. The grade tracks sales growth, profit margins and return on equity. That tops the lower, though still-solid B ratings for GM and Tesla.
Ferrari also leads the pack with an EPS Rating of 95, edging past GM’s 94. Tesla stock, long the weakest of the Magnificent Seven names, rates a lackluster 58.
The Accumulation/Distribution Rating measures institutional buying and selling over the last 13 weeks. Reflecting this month’s emerging rebound, Tesla stock leads this category with an A-.
But Ferrari stock earns a solid B Accumulation/Distribution Rating, a clear sign of large-lot buying over the last three months. GM stock shows the opposite with its rating of D.
| Company | Symbol | Comp Rating | EPS Rating | RS Rating | SMR Rating | A/D Rating |
|---|---|---|---|---|---|---|
| Ferrari | (RACE) | 92 | 95 | 88 | A | B |
| General Motors | (GM) | 84 | 94 | 88 | B | D |
| Tesla | (TSLA) | 68 | 58 | 68 | B | A- |
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
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