The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is LCI (LCII) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
LCI is a member of the Auto-Tires-Trucks sector. This group includes 101 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. LCI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LCII's full-year earnings has moved 7.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, LCII has moved about 4.5% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -15%. As we can see, LCI is performing better than its sector in the calendar year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Standard Motor Products (SMP). The stock is up 2.4% year-to-date.
For Standard Motor Products, the consensus EPS estimate for the current year has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, LCI belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #143 in the Zacks Industry Rank. On average, stocks in this group have lost 0.4% this year, meaning that LCII is performing better in terms of year-to-date returns.
On the other hand, Standard Motor Products belongs to the Automotive - Replacement Parts industry. This 7-stock industry is currently ranked #96. The industry has moved +1.9% year to date.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to LCI and Standard Motor Products as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).