The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Asbury Automotive Group (ABG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ABG and the rest of the Retail-Wholesale group's stocks.
Asbury Automotive Group is one of 224 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #4 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 0.60% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ABG has returned 61.67% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 23.58% on a year-to-date basis. This means that Asbury Automotive Group is outperforming the sector as a whole this year.
Breaking things down more, ABG is a member of the Automotive - Retail and Whole Sales industry, which includes 9 individual companies and currently sits at #4 in the Zacks Industry Rank. Stocks in this group have gained about 54.04% so far this year, so ABG is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to ABG as it looks to continue its solid performance.