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Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers 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 Advance Auto Parts (AAP - 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.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 204 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Advance Auto Parts is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 19.5% 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 9.2% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 5.2% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Cracker Barrel Old Country Store (CBRL - Free Report) . The stock has returned 26.5% year-to-date.
In Cracker Barrel Old Country Store's case, the consensus EPS estimate for the current year increased 11.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Advance Auto Parts belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 7 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 13.3% this year, meaning that AAP is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Cracker Barrel Old Country Store belongs to the Retail - Restaurants industry. This 39-stock industry is currently ranked #92. The industry has moved +2.3% year to date.
Advance Auto Parts and Cracker Barrel Old Country Store could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers 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 Advance Auto Parts (AAP - 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.
Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 204 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Advance Auto Parts is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 19.5% 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 9.2% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 5.2% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Cracker Barrel Old Country Store (CBRL - Free Report) . The stock has returned 26.5% year-to-date.
In Cracker Barrel Old Country Store's case, the consensus EPS estimate for the current year increased 11.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Advance Auto Parts belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 7 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 13.3% this year, meaning that AAP is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Cracker Barrel Old Country Store belongs to the Retail - Restaurants industry. This 39-stock industry is currently ranked #92. The industry has moved +2.3% year to date.
Advance Auto Parts and Cracker Barrel Old Country Store could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.