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Is AutoZone (AZO) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research
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Investors focused on the Retail-Wholesale space have likely heard of AutoZone (AZO), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

AutoZone is one of 225 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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 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).

The Zacks Consensus Estimate for AZO's full-year earnings has moved 3.68% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, AZO has returned 23.85% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 18.58% on a year-to-date basis. This means that AutoZone is outperforming the sector as a whole this year.

Looking more specifically, AZO belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #108 in the Zacks Industry Rank. Stocks in this group have gained about 16.02% so far this year, so AZO is performing better this group in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track AZO. The stock will be looking to continue its solid performance.


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