The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Custom Truck One Source, Inc. (CTOS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Custom Truck One Source, Inc. is one of 104 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #13 within 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 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. Custom Truck One Source, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CTOS' full-year earnings has moved 27.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CTOS has moved about 61.6% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 15.1% on average. This means that Custom Truck One Source, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Garrett Motion (GTX), has outperformed the sector so far this year. The stock's year-to-date return is 48.4%.
For Garrett Motion, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Custom Truck One Source, Inc. belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #184 in the Zacks Industry Rank. Stocks in this group have lost about 3.1% so far this year, so CTOS is performing better this group in terms of year-to-date returns. Garrett Motion is also part of the same industry.
Custom Truck One Source, Inc. and Garrett Motion 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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Custom Truck One Source, Inc. (CTOS): Free Stock Analysis Report
Garrett Motion Inc. (GTX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).