Are Auto-Tires-Trucks Stocks Lagging GARRETT MOTION (GTX) This Year?

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Garrett Motion (GTX) been one of those stocks this year? 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.Garrett Motion is a member of the Auto-Tires-Trucks sector. This group includes 100 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Garrett Motion is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for GTX's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the latest available data, GTX has gained about 83.4% so far this year. In comparison, Auto-Tires-Trucks companies have returned an average of -9.7%. This means that Garrett Motion is outperforming the sector as a whole this year.Phinia (PHIN) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.8%.The consensus estimate for Phinia's current year EPS has increased 7.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Garrett Motion belongs to the Automotive - Original Equipment industry, a group that includes 52 individual stocks and currently sits at #106 in the Zacks Industry Rank. On average, stocks in this group have gained 4.8% this year, meaning that GTX is performing better in terms of year-to-date returns. Phinia is also part of the same industry.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Garrett Motion and Phinia as they attempt to continue their solid performance.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks