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Is Caseys General Stores (CASY) Outperforming Other Retail-Wholesale Stocks This Year?

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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Caseys General Stores (CASY) 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.

Caseys General Stores is a member of the Retail-Wholesale sector. This group includes 219 individual stocks and currently holds a Zacks Sector Rank of #1. 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. CASY is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for CASY's full-year earnings has moved 13.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, CASY has returned 6.11% so far this year. In comparison, Retail-Wholesale companies have returned an average of -8.39%. As we can see, Caseys General Stores is performing better than its sector in the calendar year.

Looking more specifically, CASY belongs to the Retail - Convenience Stores industry, which includes 2 individual stocks and currently sits at #3 in the Zacks Industry Rank. This group has gained an average of 10.84% so far this year, so CASY is slightly underperforming its industry in this area.

CASY 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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