A common recommended fix is to use oxy acetylene heat to create a localized hot spot that bulges the metal above the mean surface of the panel.
How to shrink sheet metal.
You have to adjust your mind to the concept that when you hammer on sheet metal with a steel hammer onto a steel dolly or anvil that you will expand or increase the surface area by thinning the metal.
Using hand tools and machines.
Then twist the handle of the tool to twist the metal around one side of the fork.
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This takes away some of the stretch.
There are many ways to shrink.
Shrinking stretched sheet metal with a propane torch duration.
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Start by inserting the fork into the edge of the sheet metal at the desired depth of the shrink you want to make.
Sheet metal shrinking demonstration by rich at mustangs to fear.
Get an idea of how much heat it takes to cherry the metal and how hard you need to strike it to smooth it down.
If you have access to a bead roller roll yourself a bead and shrink it.
Then remove the tool and move it over so the fork will roll the metal over the other side of the fork by twisting the metal the other direction.
The bulge can then be tapped down flat with a hammer and dolly to thicken the metal in that spot.
Welding suppliers carry a wide range of temperature crayons that melt off the surface when your desired.
Propane can do the same thing although it is a much more crude method.