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. Cooper-Standard Holdings (CPS - 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? One simple way to answer this question is to take a look at the year-to-date performance of CPS and the rest of the Auto-Tires-Trucks group's stocks.
Cooper-Standard Holdings is one of 77 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. CPS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CPS's full-year earnings has moved 7.33% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CPS has returned about 10.17% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -5.24% on a year-to-date basis. This means that Cooper-Standard Holdings is performing better than its sector in terms of year-to-date returns.
Breaking things down more, CPS is a member of the Automotive - Original Equipment industry, which includes 38 individual companies and currently sits at #188 in the Zacks Industry Rank. This group has lost an average of 0.36% so far this year, so CPS is performing better in this area.
CPS will likely be looking to continue its solid performance, so investors interested Auto-Tires-Trucks stocks should continue to pay close attention to the company.