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Is Advance Auto Parts (AAP) Outperforming Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AAP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.29% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAP has moved about 64.87% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 17.42% on a year-to-date basis. This means that Advance Auto Parts is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #21 in the Zacks Industry Rank. This group has gained an average of 26.34% so far this year, so AAP is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track AAP. The stock will be looking to continue its solid performance.
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Is Advance Auto Parts (AAP) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAP and the rest of the Retail-Wholesale group's stocks.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AAP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.29% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAP has moved about 64.87% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 17.42% on a year-to-date basis. This means that Advance Auto Parts is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #21 in the Zacks Industry Rank. This group has gained an average of 26.34% so far this year, so AAP is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track AAP. The stock will be looking to continue its solid performance.