Investors focused on the Auto-Tires-Trucks space have likely heard of General Motors (GM), but is the stock performing well in comparison to the rest of its sector peers? 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 a member of the Auto-Tires-Trucks sector. This group includes 77 individual stocks and currently holds a Zacks Sector Rank of #13. 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. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GM's full-year earnings has moved 2.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GM has moved about 4.17% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -2.74% on a year-to-date basis. As we can see, General Motors is performing better than its sector in the calendar year.
To break things down more, GM belongs to the Automotive – Domestic industry, a group that includes 8 individual companies and currently sits at #41 in the Zacks Industry Rank. On average, this group has lost an average of 4.15% so far this year, meaning that GM is performing better in terms of year-to-date returns.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to GM as it looks to continue its solid performance.
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