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Has AutoZone (AZO) Outpaced Other Retail-Wholesale Stocks This Year?

Zacks Equity Research

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is AutoZone (AZO) one of those stocks right now? 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.

AutoZone is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AZO is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for AZO's full-year earnings has moved 1.34% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that AZO has returned about 32.52% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 17.73%. This means that AutoZone is performing better than its sector in terms of year-to-date returns.

Looking more specifically, AZO belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual stocks and currently sits at #70 in the Zacks Industry Rank. On average, this group has gained an average of 17.84% so far this year, meaning that AZO is performing better in terms of year-to-date returns.

AZO will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.


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