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Has China Automotive Systems (CAAS) Outpaced Other Auto-Tires-Trucks Stocks This Year?
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. China Automotive Systems (CAAS - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
China Automotive Systems is one of 129 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 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. China Automotive Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CAAS' full-year earnings has moved 700% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CAAS has returned about 55.2% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -26.7%. This means that China Automotive Systems is performing better than its sector in terms of year-to-date returns.
Modine (MOD - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 48.1%.
Over the past three months, Modine's consensus EPS estimate for the current year has increased 2.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, China Automotive Systems belongs to the Automotive - Original Equipment industry, which includes 63 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 32.8% so far this year, meaning that CAAS is performing better in terms of year-to-date returns. Modine is also part of the same industry.
China Automotive Systems and Modine could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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Has China Automotive Systems (CAAS) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. China Automotive Systems (CAAS - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
China Automotive Systems is one of 129 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #10 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. China Automotive Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CAAS' full-year earnings has moved 700% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CAAS has returned about 55.2% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -26.7%. This means that China Automotive Systems is performing better than its sector in terms of year-to-date returns.
Modine (MOD - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 48.1%.
Over the past three months, Modine's consensus EPS estimate for the current year has increased 2.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, China Automotive Systems belongs to the Automotive - Original Equipment industry, which includes 63 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 32.8% so far this year, meaning that CAAS is performing better in terms of year-to-date returns. Modine is also part of the same industry.
China Automotive Systems and Modine could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.