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? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Advance Auto Parts is one of 155 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #3 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).
Within the past quarter, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.22% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AAP has gained about 67.45% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 6.75% on average. This means that Advance Auto Parts is performing better than its sector in terms of year-to-date returns.
To break things down more, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual companies and currently sits at #2 in the Zacks Industry Rank. On average, stocks in this group have gained 27.46% 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.