XPEL’s price performance has been on the rise, earning the company an upgraded IBD Relative Strength Rating of 85, from a previous 79. Surpassing the 80 mark highlights its growing prominence among auto industry stocks.

Magna International has bolstered its standing with a jump to an 84 Relative Strength Rating, pointing to its improving technical performance. Analysts say this development could foreshadow continued market leadership in the competitive auto industry.

First Brands, a US auto parts maker, has filed for bankruptcy after borrowing billions in private markets. The collapse has unsettled Wall Street, with many fearing multibillion-dollar losses.