Is America's Car-Mart (CRMT) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. America's Car-Mart (CRMT) 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 CRMT and the rest of the Retail-Wholesale group's stocks.
America's Car-Mart is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CRMT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRMT's full-year earnings has moved 16.23% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CRMT has gained about 79.51% so far this year. In comparison, Retail-Wholesale companies have returned an average of 17.16%. This shows that America's Car-Mart is outperforming its peers so far this year.
Looking more specifically, CRMT belongs to the Automotive - Retail and Whole Sales industry, which includes 9 individual stocks and currently sits at #14 in the Zacks Industry Rank. Stocks in this group have lost about 6.07% so far this year, so CRMT 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 CRMT as it attempts to continue its solid performance.
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