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Is Avis Budget Group (CAR) Stock Outpacing Its Business Services Peers This Year?
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For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Avis Budget Group (CAR - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Avis Budget Group is one of 344 companies in the Business Services group. The Business Services group currently sits at #5 within 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 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. Avis Budget Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CAR's full-year earnings has moved 7.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CAR has returned about 46.9% since the start of the calendar year. In comparison, Business Services companies have returned an average of 7.6%. As we can see, Avis Budget Group is performing better than its sector in the calendar year.
Visa (V - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.6%.
In Visa's case, the consensus EPS estimate for the current year increased 1.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Avis Budget Group belongs to the Business - Services industry, a group that includes 25 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 17.4% so far this year, so CAR is performing better this group in terms of year-to-date returns.
Visa, however, belongs to the Financial Transaction Services industry. Currently, this 39-stock industry is ranked #76. The industry has moved +7.2% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on Avis Budget Group and Visa as they attempt to continue their solid performance.
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Is Avis Budget Group (CAR) Stock Outpacing Its Business Services Peers This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Avis Budget Group (CAR - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Avis Budget Group is one of 344 companies in the Business Services group. The Business Services group currently sits at #5 within 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 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. Avis Budget Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CAR's full-year earnings has moved 7.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CAR has returned about 46.9% since the start of the calendar year. In comparison, Business Services companies have returned an average of 7.6%. As we can see, Avis Budget Group is performing better than its sector in the calendar year.
Visa (V - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.6%.
In Visa's case, the consensus EPS estimate for the current year increased 1.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Avis Budget Group belongs to the Business - Services industry, a group that includes 25 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 17.4% so far this year, so CAR is performing better this group in terms of year-to-date returns.
Visa, however, belongs to the Financial Transaction Services industry. Currently, this 39-stock industry is ranked #76. The industry has moved +7.2% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on Avis Budget Group and Visa as they attempt to continue their solid performance.