Are Retail-Wholesale Stocks Lagging Carvana (CVNA) This Year?

Zacks
10 Apr

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Carvana (CVNA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Carvana is a member of the Retail-Wholesale sector. This group includes 210 individual stocks and currently holds a Zacks Sector Rank of #11. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Carvana is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CVNA's full-year earnings has moved 30.8% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, CVNA has moved about 8.4% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of -5.6%. This means that Carvana is outperforming the sector as a whole this year.

One other Retail-Wholesale stock that has outperformed the sector so far this year is Industria de Diseno Textil SA (IDEXY). The stock is up 0.7% year-to-date.

In Industria de Diseno Textil SA's case, the consensus EPS estimate for the current year increased 4.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Carvana is a member of the Internet - Commerce industry, which includes 37 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 7.8% this year, meaning that CVNA is performing better in terms of year-to-date returns.

Industria de Diseno Textil SA, however, belongs to the Retail - Apparel and Shoes industry. Currently, this 42-stock industry is ranked #144. The industry has moved -25% so far this year.

Investors with an interest in Retail-Wholesale stocks should continue to track Carvana and Industria de Diseno Textil SA. These stocks will be looking to continue their solid performance.

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Industria de Diseno Textil SA (IDEXY) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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