Investors focused on the Retail-Wholesale space have likely heard of Advance Auto Parts (AAP), 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 a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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).
Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 2.39% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAP has moved about 75.21% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 2.09% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year.
Breaking things down more, AAP is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, stocks in this group have gained 28.28% this year, meaning that AAP is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to AAP as it looks to continue its solid performance.