Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Luminar Technologies, Inc. (LAZR) been one of those stocks this year? 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.

Luminar Technologies, Inc. is a member of our Auto-Tires-Trucks group, which includes 100 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. Luminar Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for LAZR's full-year earnings has moved 14.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, LAZR has gained about 5.2% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 20.4% on average. As we can see, Luminar Technologies, Inc. is performing better than its sector in the calendar year.

One other Auto-Tires-Trucks stock that has outperformed the sector so far this year is XPeng Inc. Sponsored ADR (XPEV). The stock is up 75.3% year-to-date.

For XPeng Inc. Sponsored ADR, the consensus EPS estimate for the current year has increased 6.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Luminar Technologies, Inc. belongs to the Automotive - Original Equipment industry, a group that includes 50 individual companies and currently sits at #136 in the Zacks Industry Rank. On average, stocks in this group have lost 5.2% this year, meaning that LAZR is performing better in terms of year-to-date returns.

XPeng Inc. Sponsored ADR, however, belongs to the Automotive - Foreign industry. Currently, this 23-stock industry is ranked #73. The industry has moved +0.4% so far this year.

Investors with an interest in Auto-Tires-Trucks stocks should continue to track Luminar Technologies, Inc. and XPeng Inc. Sponsored ADR. These stocks will be looking to continue their solid performance.

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

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