Has Asbury Automotive Group (ABG) outperformed other retail and wholesale stocks this year?

For those looking to find strong retail and wholesale stocks, it is prudent to look for group companies that outperform their peers. Has Asbury Automotive Group (ABG) been one of those stocks this year? Looking at the stock’s year-to-date performance relative to its retail and wholesale counterparts, we might be able to answer that question.

Asbury Automotive Group is part of the retail and wholesale sector. This group comprises 232 individual stocks and currently holds a Zacks Sector Rank of #13. Zacks Sector Rankings assess the strength of our 16 individual sector groups by measuring the average Zacks Rank of individual stocks within the groups.

The Zacks Ranking is a successful stock selection 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. Asbury Automotive Group currently sports a Zacks ranking of #1 (Strong Buy).

Over the past 90 days, the Zacks consensus estimate for ABG’s full-year earnings rose 25.1%. This is a sign of improving analyst sentiment and a positive trend in the earnings outlook.

Based on the most recent data, ABG has returned 1.6% so far this year. Meanwhile, shares of the Retail-Wholesale group lost around 7.1% on average. This shows that Asbury Automotive Group is outperforming its peers so far this year.

Tapestry (TPR) is another retail and wholesale stock that has outperformed the sector so far this year. The stock has returned 0.3% year-to-date.

Tapestry’s current-year EPS consensus estimate is up 4% in the last three months. The stock currently has a Zacks #2 (buy) rank.

Breaking down further, Asbury Automotive Group is a member of the Automotive Industry – Retail & Wholesale, which comprises 10 individual businesses and is currently ranked 7th in the Zacks industry rankings. On average, stocks in this group have lost 2.8% this year, which means that ABG is showing better results in terms of returns since the start of the year.

On the other hand, Tapestry belongs to the retail industry – clothes and shoes. This 43-stock industry is currently ranked #168. The industry is up -11.2% year-to-date.

Going forward, investors interested in retail and wholesale stocks should continue to pay close attention to Asbury Automotive Group and Tapestry as they may maintain their strong performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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