Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Advance Auto Parts (AAP - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Advance Auto Parts is one of 228 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 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 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. 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 2.54% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AAP has gained about 65.62% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 6.91% on a year-to-date basis. This means that Advance Auto Parts is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #9 in the Zacks Industry Rank. On average, this group has gained an average of 24.61% 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.