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Is Custom Truck One Source (CTOS) Outperforming Other Auto-Tires-Trucks Stocks 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. Is Custom Truck One Source, Inc. (CTOS - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Custom Truck One Source, Inc. is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Custom Truck One Source, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTOS' full-year earnings has moved 27.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTOS has returned about 69.6% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -13.9% on a year-to-date basis. This means that Custom Truck One Source, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Dorman Products (DORM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6.4%.
In Dorman Products' case, the consensus EPS estimate for the current year increased 5.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Custom Truck One Source, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #179 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that CTOS is performing better in terms of year-to-date returns.
On the other hand, Dorman Products belongs to the Automotive - Replacement Parts industry. This 8-stock industry is currently ranked #221. The industry has moved -5.6% year to date.
Custom Truck One Source, Inc. and Dorman Products 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 Custom Truck One Source (CTOS) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Custom Truck One Source, Inc. (CTOS - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Custom Truck One Source, Inc. is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. Custom Truck One Source, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTOS' full-year earnings has moved 27.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTOS has returned about 69.6% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -13.9% on a year-to-date basis. This means that Custom Truck One Source, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Dorman Products (DORM - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6.4%.
In Dorman Products' case, the consensus EPS estimate for the current year increased 5.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Custom Truck One Source, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #179 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that CTOS is performing better in terms of year-to-date returns.
On the other hand, Dorman Products belongs to the Automotive - Replacement Parts industry. This 8-stock industry is currently ranked #221. The industry has moved -5.6% year to date.
Custom Truck One Source, Inc. and Dorman Products could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.