U.S. Markets closed

Has General Motors (GM) Outpaced Other Auto-Tires-Trucks Stocks This Year?

Zacks Equity Research
International Speedway (ISCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is General Motors (GM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.

General Motors is one of 85 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #15 within the Zacks Sector Rank. 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 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. GM is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for GM's full-year earnings has moved 11.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, GM has returned 8.94% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 4.79%. This means that General Motors is outperforming the sector as a whole this year.

Looking more specifically, GM belongs to the Automotive - Domestic industry, which includes 8 individual stocks and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 0.72% so far this year, so GM is performing better in this area.

Investors with an interest in Auto-Tires-Trucks stocks should continue to track GM. The stock will be looking to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Motors Company (GM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research