The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carvana (CVNA) 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.
Carvana is a member of our Retail-Wholesale group, which includes 200 different companies and currently sits at #12 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Carvana is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CVNA's full-year earnings has moved 2.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CVNA has moved about 93.1% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 8.9% on average. This shows that Carvana is outperforming its peers so far this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Kingfisher PLC (KGFHY). The stock is up 32.6% year-to-date.
For Kingfisher PLC, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Carvana is a member of the Internet - Commerce industry, which includes 36 individual companies and currently sits at #40 in the Zacks Industry Rank. This group has gained an average of 13.2% so far this year, so CVNA is performing better in this area.
In contrast, Kingfisher PLC falls under the Retail - Miscellaneous industry. Currently, this industry has 17 stocks and is ranked #19. Since the beginning of the year, the industry has moved +8.3%.
Carvana and Kingfisher PLC could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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Carvana Co. (CVNA): Free Stock Analysis Report Kingfisher PLC (KGFHY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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