Is Custom Truck One Source (CTOS) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Here is how Custom Truck One Source, Inc. (CTOS) and Dorman Products (DORM) have performed compared to their sector so far this year.
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Custom Truck One Source, Inc. (CTOS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Custom Truck One Source, Inc. is a member of the Auto-Tires-Trucks sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Custom Truck One Source, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTOS' full-year earnings has moved 27.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTOS has returned about 69.6% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -13.9% on a year-to-date basis. This means that Custom Truck One Source, Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Dorman Products (DORM), has outperformed the sector so far this year. The stock's year-to-date return is 6.4%.
In Dorman Products' case, the consensus EPS estimate for the current year increased 5.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Custom Truck One Source, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #179 in the Zacks Industry Rank. On average, this group has gained an average of 5% so far this year, meaning that CTOS is performing better in terms of year-to-date returns.
On the other hand, Dorman Products belongs to the Automotive - Replacement Parts industry. This 8-stock industry is currently ranked #221. The industry has moved -5.6% year to date.
Custom Truck One Source, Inc. and Dorman Products could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
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Custom Truck One Source, Inc. (CTOS): Free Stock Analysis Report
Dorman Products, Inc. (DORM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).