Investors focused on the Retail-Wholesale space have likely heard of CarMax (KMX - 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 KMX and the rest of the Retail-Wholesale group's stocks.
CarMax is a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #3 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. KMX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KMX's full-year earnings has moved 1.06% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KMX has returned about 9.03% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 8.71% on a year-to-date basis. As we can see, CarMax is performing better than its sector in the calendar year.
To break things down more, KMX belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual companies and currently sits at #3 in the Zacks Industry Rank. On average, stocks in this group have gained 22.39% this year, meaning that KMX is slightly underperforming its industry in terms of year-to-date returns.
KMX will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.
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 >>
Investors focused on the Retail-Wholesale space have likely heard of CarMax (KMX - 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 KMX and the rest of the Retail-Wholesale group's stocks.
CarMax is a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #3 in the Zacks Sector Rank. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. KMX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KMX's full-year earnings has moved 1.06% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KMX has returned about 9.03% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 8.71% on a year-to-date basis. As we can see, CarMax is performing better than its sector in the calendar year.
To break things down more, KMX belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual companies and currently sits at #3 in the Zacks Industry Rank. On average, stocks in this group have gained 22.39% this year, meaning that KMX is slightly underperforming its industry in terms of year-to-date returns.
KMX will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.
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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