Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Advance Auto Parts is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 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 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. AAP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 1.43% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AAP has returned 48.25% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 15.29% on a year-to-date basis. As we can see, Advance Auto Parts is performing better than its sector in the calendar year.
Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #11 in the Zacks Industry Rank. On average, this group has gained an average of 20.87% so far this year, meaning that AAP is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track AAP. The stock will be looking to continue its solid performance.