We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is ChargePoint (CHPT) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Read MoreHide Full Article
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has ChargePoint Holdings, Inc. (CHPT - Free Report) been one of those stocks this year? 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.
ChargePoint Holdings, Inc. is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #10. 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. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CHPT's full-year earnings has moved 31.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CHPT has returned about 35.2% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -12.1%. As we can see, ChargePoint Holdings, Inc. is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Honda Motor (HMC - Free Report) . The stock is up 9.2% year-to-date.
For Honda Motor, the consensus EPS estimate for the current year has increased 128% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ChargePoint Holdings, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #157 in the Zacks Industry Rank. On average, this group has lost an average of 1.6% so far this year, meaning that CHPT is performing better in terms of year-to-date returns.
Honda Motor, however, belongs to the Automotive - Foreign industry. Currently, this 24-stock industry is ranked #159. The industry has moved -17.8% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track ChargePoint Holdings, Inc. and Honda Motor. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is ChargePoint (CHPT) 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. Has ChargePoint Holdings, Inc. (CHPT - Free Report) been one of those stocks this year? 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.
ChargePoint Holdings, Inc. is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #10. 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. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CHPT's full-year earnings has moved 31.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CHPT has returned about 35.2% since the start of the calendar year. In comparison, Auto-Tires-Trucks companies have returned an average of -12.1%. As we can see, ChargePoint Holdings, Inc. is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Honda Motor (HMC - Free Report) . The stock is up 9.2% year-to-date.
For Honda Motor, the consensus EPS estimate for the current year has increased 128% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ChargePoint Holdings, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #157 in the Zacks Industry Rank. On average, this group has lost an average of 1.6% so far this year, meaning that CHPT is performing better in terms of year-to-date returns.
Honda Motor, however, belongs to the Automotive - Foreign industry. Currently, this 24-stock industry is ranked #159. The industry has moved -17.8% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track ChargePoint Holdings, Inc. and Honda Motor. These stocks will be looking to continue their solid performance.