Is America's Car-Mart (CRMT) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of America’s Car-Mart (CRMT), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.
America’s Car-Mart is one of 215 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. CRMT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRMT’s full-year earnings has moved 5.94% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest available data, CRMT has gained about 45.91% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 13.58% on average. As we can see, America’s Car-Mart is performing better than its sector in the calendar year.
Breaking things down more, CRMT is a member of the Automotive – Retail and Whole Sales industry, which includes 9 individual companies and currently sits at #11 in the Zacks Industry Rank. On average, this group has gained an average of 0.44% so far this year, meaning that CRMT is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to CRMT as it looks to continue its solid performance.
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