The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. XPeng Inc. Sponsored (XPEV - 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? One simple way to answer this question is to take a look at the year-to-date performance of XPEV and the rest of the Auto-Tires-Trucks group's stocks.
XPeng Inc. Sponsored is a member of the Auto-Tires-Trucks sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #1. 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. XPEV is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for XPEV's full-year earnings has moved 9.22% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, XPEV has moved about 26.08% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 11.90%. This means that XPeng Inc. Sponsored is outperforming the sector as a whole this year.
Looking more specifically, XPEV belongs to the Automotive - Foreign industry, which includes 24 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, stocks in this group have lost 0.43% this year, meaning that XPEV is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to XPEV as it looks to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. XPeng Inc. Sponsored (XPEV - 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? One simple way to answer this question is to take a look at the year-to-date performance of XPEV and the rest of the Auto-Tires-Trucks group's stocks.
XPeng Inc. Sponsored is a member of the Auto-Tires-Trucks sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #1. 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. XPEV is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for XPEV's full-year earnings has moved 9.22% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, XPEV has moved about 26.08% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 11.90%. This means that XPeng Inc. Sponsored is outperforming the sector as a whole this year.
Looking more specifically, XPEV belongs to the Automotive - Foreign industry, which includes 24 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, stocks in this group have lost 0.43% this year, meaning that XPEV is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to XPEV as it looks to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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