Are Auto-Tires-Trucks Stocks Lagging Holley (HLLY) This Year?

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Holley Inc. (HLLY) 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.

Holley Inc. is a member of the Auto-Tires-Trucks sector. This group includes 96 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 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. Holley Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for HLLY's full-year earnings has moved 18.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, HLLY has gained about 33.4% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 6.3%. This means that Holley Inc. is outperforming the sector as a whole this year.

Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is OPENLANE (KAR). The stock has returned 45.7% year-to-date.

The consensus estimate for OPENLANE's current year EPS has increased 19.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Holley Inc. is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have gained about 11.2% so far this year, so HLLY is performing better this group in terms of year-to-date returns. OPENLANE is also part of the same industry.

Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Holley Inc. and OPENLANE as they attempt to continue their solid performance.

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

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Source Zacks-com