The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Geely Automobile Holdings Ltd. (GELYY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Geely Automobile Holdings Ltd. is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Geely Automobile Holdings Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GELYY's full-year earnings has moved 11.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, GELYY has returned 31.7% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 8.5% on average. This means that Geely Automobile Holdings Ltd. is outperforming the sector as a whole this year.
OPENLANE (KAR) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 44.4%.
In OPENLANE's case, the consensus EPS estimate for the current year increased 19.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Geely Automobile Holdings Ltd. belongs to the Automotive - Foreign industry, which includes 22 individual stocks and currently sits at #209 in the Zacks Industry Rank. Stocks in this group have gained about 1.2% so far this year, so GELYY is performing better this group in terms of year-to-date returns.
In contrast, OPENLANE falls under the Automotive - Original Equipment industry. Currently, this industry has 50 stocks and is ranked #149. Since the beginning of the year, the industry has moved +4.3%.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Geely Automobile Holdings Ltd. and OPENLANE as they could maintain their solid performance.
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Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report OPENLANE, Inc. (KAR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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