The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Casey's General Stores (CASY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Casey's General Stores is a member of the Retail-Wholesale sector. This group includes 196 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Casey's General Stores is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CASY's full-year earnings has moved 8.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CASY has returned about 43.1% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 7.2% on average. This means that Casey's General Stores is performing better than its sector in terms of year-to-date returns.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Carvana (CVNA). The stock has returned 113.2% year-to-date.
Over the past three months, Carvana's consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Casey's General Stores belongs to the Retail - Convenience Stores industry, which includes 2 individual stocks and currently sits at #115 in the Zacks Industry Rank. On average, this group has gained an average of 18.4% so far this year, meaning that CASY is performing better in terms of year-to-date returns.
In contrast, Carvana falls under the Internet - Commerce industry. Currently, this industry has 34 stocks and is ranked #82. Since the beginning of the year, the industry has moved +9.6%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Casey's General Stores and Carvana as they attempt to continue their solid performance.
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Casey's General Stores, Inc. (CASY): Free Stock Analysis Report Carvana Co. (CVNA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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