We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is CarGurus (CARG) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. CarGurus (CARG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
CarGurus is a member of our Auto-Tires-Trucks group, which includes 126 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CarGurus is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CARG's full-year earnings has moved 21.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CARG has gained about 3% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -12.4%. As we can see, CarGurus is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Polaris Inc (PII - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.9%.
For Polaris Inc, the consensus EPS estimate for the current year has increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CarGurus belongs to the Automotive - Replacement Parts industry, a group that includes 8 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has lost an average of 8.8% so far this year, meaning that CARG is performing better in terms of year-to-date returns.
Polaris Inc, however, belongs to the Automotive - Domestic industry. Currently, this 25-stock industry is ranked #158. The industry has moved -16.3% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to CarGurus and Polaris Inc as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is CarGurus (CARG) Outperforming Other Auto-Tires-Trucks Stocks This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. CarGurus (CARG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
CarGurus is a member of our Auto-Tires-Trucks group, which includes 126 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CarGurus is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CARG's full-year earnings has moved 21.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CARG has gained about 3% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -12.4%. As we can see, CarGurus is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Polaris Inc (PII - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5.9%.
For Polaris Inc, the consensus EPS estimate for the current year has increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CarGurus belongs to the Automotive - Replacement Parts industry, a group that includes 8 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has lost an average of 8.8% so far this year, meaning that CARG is performing better in terms of year-to-date returns.
Polaris Inc, however, belongs to the Automotive - Domestic industry. Currently, this 25-stock industry is ranked #158. The industry has moved -16.3% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to CarGurus and Polaris Inc as they could maintain their solid performance.