Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is General Motors (GM - Free Report) one of those stocks right now? 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.
General Motors is one of 85 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GM's full-year earnings has moved 2.06% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GM has gained about 0.57% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 0.44% on average. This means that General Motors is outperforming the sector as a whole this year.
To break things down more, GM belongs to the Automotive - Domestic industry, a group that includes 8 individual companies and currently sits at #48 in the Zacks Industry Rank. On average, stocks in this group have lost 1.51% this year, meaning that GM is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to GM as it looks to continue its solid performance.