Markets
AAP

Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AAP

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More