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Is Ryder System (R) Outperforming Other Transportation Stocks This Year?

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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ryder (R - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.

Ryder is one of 114 individual stocks in the Transportation sector. Collectively, these companies sit 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 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. Ryder is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for R's full-year earnings has moved 2.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, R has moved about 47.2% on a year-to-date basis. Meanwhile, the Transportation sector has returned an average of 11.6% on a year-to-date basis. As we can see, Ryder is performing better than its sector in the calendar year.

RXO (RXO - Free Report) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 123.4%.

For RXO, the consensus EPS estimate for the current year has increased 121.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Ryder belongs to the Transportation - Equipment and Leasing industry, a group that includes 11 individual companies and currently sits at #69 in the Zacks Industry Rank. Stocks in this group have gained about 11.7% so far this year, so R is performing better this group in terms of year-to-date returns.

On the other hand, RXO belongs to the Transportation - Services industry. This 21-stock industry is currently ranked #215. The industry has moved -3.2% year to date.

Investors interested in the Transportation sector may want to keep a close eye on Ryder and RXO as they attempt to continue their solid performance.

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