Is MercadoLibre (MELI) Stock Outpacing Its Retail-Wholesale Peers This Year?

Group 1: Company Overview - MercadoLibre (MELI) is a member of the Retail-Wholesale sector, which includes 210 individual stocks and currently holds a Zacks Sector Rank of 8 [2] - MercadoLibre belongs to the Internet - Commerce industry, which consists of 39 individual stocks and is currently ranked 66 in the Zacks Industry Rank [5] Group 2: Performance Metrics - MercadoLibre has returned approximately 33% since the beginning of the calendar year, outperforming the average return of 23.8% for Retail-Wholesale companies [4] - The consensus estimate for MercadoLibre's full-year earnings has increased by 11.5% over the past 90 days, indicating stronger analyst sentiment and an improving earnings outlook [3] Group 3: Comparison with Peers - Another Retail-Wholesale stock, Itochu Corp. (ITOCY), has returned 27% year-to-date and has a Zacks Rank of 1 (Strong Buy) with an 8.9% increase in its current year EPS estimate over the past three months [4][5] - The Internet - Commerce industry, to which MercadoLibre belongs, has gained an average of 32.2% so far this year, indicating that MELI is performing better in terms of year-to-date returns compared to its industry peers [5]