Are Auto-Tires-Trucks Stocks Lagging PACCAR (PCAR) This Year?

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Paccar (PCAR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Paccar is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #13. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Paccar is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for PCAR's full-year earnings has moved 5.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, PCAR has returned 13.4% so far this year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -11.4% on a year-to-date basis. This shows that Paccar is outperforming its peers so far this year.

Polaris Inc (PII) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 2%.

Over the past three months, Polaris Inc's consensus EPS estimate for the current year has increased 83.2%. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Paccar belongs to the Automotive - Domestic industry, a group that includes 17 individual companies and currently sits at #48 in the Zacks Industry Rank. This group has lost an average of 13% so far this year, so PCAR is performing better in this area. Polaris Inc is also part of the same industry.

Investors with an interest in Auto-Tires-Trucks stocks should continue to track Paccar and Polaris Inc. These stocks will be looking to continue their solid performance.

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

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

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research