The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Garrett Motion (GTX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Garrett Motion is a member of the Auto-Tires-Trucks sector. This group includes 100 individual stocks and currently holds a Zacks Sector Rank of #16. 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. Garrett Motion is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GTX's full-year earnings has moved 6.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, GTX has moved about 90.6% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -5.1% on a year-to-date basis. This shows that Garrett Motion is outperforming its peers so far this year.
One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is Phinia (PHIN). The stock is up 17.8% year-to-date.
Over the past three months, Phinia's consensus EPS estimate for the current year has increased 7.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Garrett Motion belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have gained about 2.7% so far this year, so GTX is performing better this group in terms of year-to-date returns. Phinia is also part of the same industry.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Garrett Motion and Phinia. These stocks will be looking to continue their solid performance.
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Garrett Motion Inc. (GTX): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).