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Is Daimler Truck Holding AG - Sponsored ADR (DTRUY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Daimler Truck Holding AG - Sponsored ADR (DTRUY - 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? 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.
Daimler Truck Holding AG - Sponsored ADR is a member of our Auto-Tires-Trucks group, which includes 105 different companies and currently sits at #16 in the Zacks Sector Rank. 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. Daimler Truck Holding AG - Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DTRUY's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, DTRUY has moved about 5.6% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 16.2%. This means that Daimler Truck Holding AG - Sponsored ADR is outperforming the sector as a whole this year.
OPENLANE (OPLN - 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 19.7%.
The consensus estimate for OPENLANE's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Daimler Truck Holding AG - Sponsored ADR belongs to the Automotive - Foreign industry, a group that includes 23 individual companies and currently sits at #201 in the Zacks Industry Rank. On average, this group has lost an average of 7.1% so far this year, meaning that DTRUY is performing better in terms of year-to-date returns.
OPENLANE, however, belongs to the Automotive - Original Equipment industry. Currently, this 53-stock industry is ranked #207. The industry has moved -6.2% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Daimler Truck Holding AG - Sponsored ADR and OPENLANE. These stocks will be looking to continue their solid performance.
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Is Daimler Truck Holding AG - Sponsored ADR (DTRUY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Daimler Truck Holding AG - Sponsored ADR (DTRUY - 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? 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.
Daimler Truck Holding AG - Sponsored ADR is a member of our Auto-Tires-Trucks group, which includes 105 different companies and currently sits at #16 in the Zacks Sector Rank. 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. Daimler Truck Holding AG - Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DTRUY's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, DTRUY has moved about 5.6% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 16.2%. This means that Daimler Truck Holding AG - Sponsored ADR is outperforming the sector as a whole this year.
OPENLANE (OPLN - 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 19.7%.
The consensus estimate for OPENLANE's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Daimler Truck Holding AG - Sponsored ADR belongs to the Automotive - Foreign industry, a group that includes 23 individual companies and currently sits at #201 in the Zacks Industry Rank. On average, this group has lost an average of 7.1% so far this year, meaning that DTRUY is performing better in terms of year-to-date returns.
OPENLANE, however, belongs to the Automotive - Original Equipment industry. Currently, this 53-stock industry is ranked #207. The industry has moved -6.2% so far this year.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Daimler Truck Holding AG - Sponsored ADR and OPENLANE. These stocks will be looking to continue their solid performance.