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Is Dana (DAN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Dana (DAN - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Dana is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #12 in the Zacks Sector Rank. 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 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. Dana is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DAN's full-year earnings has moved 9.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DAN has returned about 41.4% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 13%. This means that Dana is performing better than its sector in terms of year-to-date returns.
OPENLANE (KAR - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 24.9%.
Over the past three months, OPENLANE's consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dana belongs to the Automotive - Original Equipment industry, a group that includes 50 individual companies and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have gained 10.8% this year, meaning that DAN is performing better in terms of year-to-date returns. OPENLANE is also part of the same industry.
Dana and OPENLANE could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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Is Dana (DAN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Dana (DAN - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
Dana is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #12 in the Zacks Sector Rank. 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 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. Dana is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DAN's full-year earnings has moved 9.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DAN has returned about 41.4% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 13%. This means that Dana is performing better than its sector in terms of year-to-date returns.
OPENLANE (KAR - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 24.9%.
Over the past three months, OPENLANE's consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dana belongs to the Automotive - Original Equipment industry, a group that includes 50 individual companies and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have gained 10.8% this year, meaning that DAN is performing better in terms of year-to-date returns. OPENLANE is also part of the same industry.
Dana and OPENLANE could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.