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Has Group 1 Automotive (GPI) Outpaced Other Retail-Wholesale Stocks This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Group 1 Automotive (GPI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Group 1 Automotive is a member of the Retail-Wholesale sector. This group includes 220 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GPI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GPI's full-year earnings has moved 56.31% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GPI has gained about 46.39% so far this year. At the same time, Retail-Wholesale stocks have lost an average of 11.31%. This means that Group 1 Automotive is outperforming the sector as a whole this year.
Looking more specifically, GPI belongs to the Automotive - Retail and Whole Sales industry, a group that includes 9 individual stocks and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have gained about 39.72% so far this year, so GPI is performing better this group in terms of year-to-date returns.
GPI will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Has Group 1 Automotive (GPI) Outpaced Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Group 1 Automotive (GPI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Group 1 Automotive is a member of the Retail-Wholesale sector. This group includes 220 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GPI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GPI's full-year earnings has moved 56.31% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GPI has gained about 46.39% so far this year. At the same time, Retail-Wholesale stocks have lost an average of 11.31%. This means that Group 1 Automotive is outperforming the sector as a whole this year.
Looking more specifically, GPI belongs to the Automotive - Retail and Whole Sales industry, a group that includes 9 individual stocks and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have gained about 39.72% so far this year, so GPI is performing better this group in terms of year-to-date returns.
GPI will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.