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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Hagerty, Inc. (HGTY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Hagerty, Inc. is a member of the Retail-Wholesale sector. This group includes 209 individual stocks and currently holds a Zacks Sector Rank of #9. 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. Hagerty, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HGTY's full-year earnings has moved 24.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HGTY has returned 34.1% so far this year. In comparison, Retail-Wholesale companies have returned an average of 8.7%. This shows that Hagerty, Inc. is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Tecnoglass (TGLS). The stock has returned 26.4% year-to-date.
In Tecnoglass' case, the consensus EPS estimate for the current year increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Hagerty, Inc. belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 5 individual stocks and currently sits at #171 in the Zacks Industry Rank. On average, this group has gained an average of 14.7% so far this year, meaning that HGTY is performing better in terms of year-to-date returns.
In contrast, Tecnoglass falls under the Building Products - Retail industry. Currently, this industry has 8 stocks and is ranked #74. Since the beginning of the year, the industry has moved +3.4%.
Hagerty, Inc. and Tecnoglass could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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