For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Maplebear (CART) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Maplebear is a member of our Retail-Wholesale group, which includes 204 different companies and currently sits at #15 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Maplebear is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CART's full-year earnings has moved 9.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CART has returned 14% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 7.1%. As we can see, Maplebear is performing better than its sector in the calendar year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Groupon (GRPN). The stock is up 171.4% year-to-date.
In Groupon's case, the consensus EPS estimate for the current year increased 222.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Maplebear is a member of the Internet - Commerce industry, which includes 36 individual companies and currently sits at #89 in the Zacks Industry Rank. Stocks in this group have gained about 11.9% so far this year, so CART is performing better this group in terms of year-to-date returns. Groupon is also part of the same industry.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Maplebear and Groupon as they attempt to continue their 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
Maplebear Inc. (CART): Free Stock Analysis Report Groupon, Inc. (GRPN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
