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Is CarGurus (CARG) Outperforming Other Auto-Tires-Trucks Stocks This Year?
CARGCarGurus(CARG) ZACKS·2024-08-23 14:41

Group 1 - CarGurus (CARG) is outperforming its peers in the Auto-Tires-Trucks sector with a year-to-date gain of approximately 16% compared to an average loss of 13.3% for the sector [4] - The Zacks Consensus Estimate for CarGurus' full-year earnings has increased by 19.5% over the past quarter, indicating a stronger analyst sentiment and improving earnings outlook [4] - CarGurus holds a Zacks Rank of 1 (Strong Buy), suggesting it has characteristics that may lead to outperformance in the market over the next one to three months [3] Group 2 - CarGurus is part of the Automotive - Replacement Parts industry, which ranks 9 in the Zacks Industry Rank, and this industry has experienced an average loss of 4.4% year-to-date [6] - General Motors (GM), another stock in the Auto-Tires-Trucks sector, has a year-to-date return of 29.3% and a Zacks Rank of 2 (Buy) [5] - The Automotive - Domestic industry, which includes General Motors, is ranked 141 and has seen a decline of 13% since the beginning of the year [7]