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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 227 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. 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 2.38% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that AAP has returned about 66.32% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 4.01%. This means that Advance Auto Parts is outperforming the sector as a whole this year.

Looking more specifically, AAP belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 28.61% this year, meaning that AAP is performing better in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on AAP as it attempts to continue its solid performance.

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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.

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