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Is Rush Enterprises (RUSHA) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Rush Enterprises (RUSHA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Rush Enterprises is a member of the Retail-Wholesale sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RUSHA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RUSHA's full-year earnings has moved 2.53% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, RUSHA has gained about 8.56% so far this year. In comparison, Retail-Wholesale companies have returned an average of 5.80%. This shows that Rush Enterprises is outperforming its peers so far this year.
Breaking things down more, RUSHA is a member of the Automotive - Retail and Whole Sales industry, which includes 9 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, this group has gained an average of 9.09% so far this year, meaning that RUSHA is slightly underperforming its industry in terms of year-to-date returns.
RUSHA will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Is Rush Enterprises (RUSHA) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Rush Enterprises (RUSHA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Rush Enterprises is a member of the Retail-Wholesale sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RUSHA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RUSHA's full-year earnings has moved 2.53% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, RUSHA has gained about 8.56% so far this year. In comparison, Retail-Wholesale companies have returned an average of 5.80%. This shows that Rush Enterprises is outperforming its peers so far this year.
Breaking things down more, RUSHA is a member of the Automotive - Retail and Whole Sales industry, which includes 9 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, this group has gained an average of 9.09% so far this year, meaning that RUSHA is slightly underperforming its industry in terms of year-to-date returns.
RUSHA will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.