We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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. Is CarGurus (CARG - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
CarGurus is one of 101 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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).
The Zacks Consensus Estimate for CARG's full-year earnings has moved 4.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CARG has returned 48.7% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 24.6% on a year-to-date basis. As we can see, CarGurus is performing better than its sector in the calendar year.
OPENLANE (KAR - 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 37.3%.
Over the past three months, OPENLANE's consensus EPS estimate for the current year has increased 8.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CarGurus belongs to the Automotive - Replacement Parts industry, a group that includes 6 individual stocks and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have lost about 17.5% so far this year, so CARG is performing better this group in terms of year-to-date returns.
OPENLANE, however, belongs to the Automotive - Original Equipment industry. Currently, this 51-stock industry is ranked #157. The industry has moved -25.3% so far this year.
CarGurus and OPENLANE could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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. Is CarGurus (CARG - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
CarGurus is one of 101 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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).
The Zacks Consensus Estimate for CARG's full-year earnings has moved 4.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CARG has returned 48.7% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 24.6% on a year-to-date basis. As we can see, CarGurus is performing better than its sector in the calendar year.
OPENLANE (KAR - 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 37.3%.
Over the past three months, OPENLANE's consensus EPS estimate for the current year has increased 8.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CarGurus belongs to the Automotive - Replacement Parts industry, a group that includes 6 individual stocks and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have lost about 17.5% so far this year, so CARG is performing better this group in terms of year-to-date returns.
OPENLANE, however, belongs to the Automotive - Original Equipment industry. Currently, this 51-stock industry is ranked #157. The industry has moved -25.3% so far this year.
CarGurus and OPENLANE could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.