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Is General Motors (GM) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Zacks Equity Research

Investors focused on the Auto-Tires-Trucks space have likely heard of General Motors (GM), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.

General Motors is a member of the Auto-Tires-Trucks sector. This group includes 85 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GM is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for GM's full-year earnings has moved 13.10% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that GM has returned about 19.43% since the start of the calendar year. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 10.20% on average. This means that General Motors is outperforming the sector as a whole this year.

Looking more specifically, GM belongs to the Automotive - Domestic industry, which includes 8 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 9.01% so far this year, meaning that GM is performing better in terms of year-to-date returns.

Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to GM as it looks to continue its solid performance.


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Zacks Investment Research