Investors focused on the Retail-Wholesale space have likely heard of O'Reilly Automotive (ORLY), 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.
O'Reilly Automotive 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ORLY is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ORLY's full-year earnings has moved 1.26% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ORLY has moved about 47.27% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 3.29% on a year-to-date basis. This means that O'Reilly Automotive is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ORLY belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #2 in the Zacks Industry Rank. Stocks in this group have gained about 30.28% so far this year, so ORLY is performing better this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on ORLY as it attempts to continue its solid performance.