Is Commercial Vehicle Group (CVGI) Outperforming Other Auto-Tires-Trucks Stocks 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 Commercial Vehicle Group (CVGI) 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.Commercial Vehicle Group is one of 100 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #14 within the Zacks Sector Rank. 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. Commercial Vehicle Group is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CVGI's full-year earnings has moved 51.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, CVGI has moved about 258.3% on a year-to-date basis. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -6.1% on a year-to-date basis. This shows that Commercial Vehicle Group is outperforming its peers so far this year.Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Daimler Truck Holding AG - Sponsored ADR (DTRUY). The stock has returned 12.6% year-to-date.Over the past three months, Daimler Truck Holding AG - Sponsored ADR's consensus EPS estimate for the current year has increased 0.5%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Commercial Vehicle Group belongs to the Automotive - Original Equipment industry, which includes 52 individual stocks and currently sits at #149 in the Zacks Industry Rank. Stocks in this group have gained about 8.2% so far this year, so CVGI is performing better this group in terms of year-to-date returns. Daimler Truck Holding AG - Sponsored ADR, however, belongs to the Automotive - Foreign industry. Currently, this 23-stock industry is ranked #176. The industry has moved -16.9% so far this year.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Commercial Vehicle Group and Daimler Truck Holding AG - Sponsored ADR as they attempt to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks