The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Custom Truck One Source, Inc. (CTOS) 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.
Custom Truck One Source, Inc. is one of 104 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Custom Truck One Source, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTOS' full-year earnings has moved 29.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CTOS has gained about 91.5% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 17.5%. This shows that Custom Truck One Source, Inc. is outperforming its peers so far this year.
Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Dorman Products (DORM). The stock has returned 14.9% year-to-date.
The consensus estimate for Dorman Products' current year EPS has increased 3.1% 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, a group that includes 52 individual stocks and currently sits at #167 in the Zacks Industry Rank. This group has gained an average of 5.3% so far this year, so CTOS is performing better in this area.
Dorman Products, however, belongs to the Automotive - Replacement Parts industry. Currently, this 8-stock industry is ranked #230. The industry has moved -4.9% so far this year.
Custom Truck One Source, Inc. and Dorman Products could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Custom Truck One Source, Inc. (CTOS): Free Stock Analysis Report
Dorman Products, Inc. (DORM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).