Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has General Motors (GM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.
General Motors is one of 99 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #8 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 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. General Motors is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GM's full-year earnings has moved 7.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GM has gained about 26.4% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 8.6% on average. This means that General Motors is performing better than its sector in terms of year-to-date returns.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Visteon (VC). The stock has returned 30% year-to-date.
The consensus estimate for Visteon's current year EPS has increased 11.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, General Motors belongs to the Automotive - Domestic industry, which includes 14 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, this group has gained an average of 10.2% so far this year, meaning that GM is performing better in terms of year-to-date returns.
On the other hand, Visteon belongs to the Automotive - Original Equipment industry. This 51-stock industry is currently ranked #77. The industry has moved +1.4% year to date.
General Motors and Visteon could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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General Motors Company (GM): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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