Is Mister Car Wash (MCW) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is Mister Car Wash (MCW) one of those stocks right now? 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.

Mister Car Wash is one of 102 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #3 within the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Mister Car Wash is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for MCW's full-year earnings has moved 1.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, MCW has moved about 25.4% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -11%. As we can see, Mister Car Wash is performing better than its sector in the calendar 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 11.1%.

The consensus estimate for Phinia's current year EPS has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Mister Car Wash belongs to the Automotive - Replacement Parts industry, a group that includes 7 individual stocks and currently sits at #95 in the Zacks Industry Rank. On average, stocks in this group have lost 1% this year, meaning that MCW is performing better in terms of year-to-date returns.

In contrast, Phinia falls under the Automotive - Original Equipment industry. Currently, this industry has 53 stocks and is ranked #77. Since the beginning of the year, the industry has moved -5%.

Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Mister Car Wash and Phinia as they could maintain their solid performance.

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

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