Investors focused on the Retail-Wholesale space have likely heard of CarMax (KMX), 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.
CarMax is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. KMX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KMX's full-year earnings has moved 2.75% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, KMX has returned 35.25% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 21.11%. As we can see, CarMax is performing better than its sector in the calendar year.
Looking more specifically, KMX belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #64 in the Zacks Industry Rank. This group has gained an average of 23.45% so far this year, so KMX is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track KMX. The stock will be looking to continue its solid performance.
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CarMax, Inc. (KMX) : Free Stock Analysis Report
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