Is Maplebear Inc. (CART) Outperforming Other Retail-Wholesale Stocks This Year?

Zacks
27 Dec 2024

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Maplebear (CART) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.

Maplebear is a member of the Retail-Wholesale sector. This group includes 212 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Maplebear is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for CART's full-year earnings has moved 22.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, CART has moved about 86.3% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 31.7%. This means that Maplebear is outperforming the sector as a whole this year.

Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Brinker International (EAT). The stock has returned 217.5% year-to-date.

In Brinker International's case, the consensus EPS estimate for the current year increased 26.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Maplebear belongs to the Internet - Commerce industry, a group that includes 38 individual stocks and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have gained 43.3% this year, meaning that CART is performing better in terms of year-to-date returns.

In contrast, Brinker International falls under the Retail - Restaurants industry. Currently, this industry has 42 stocks and is ranked #128. Since the beginning of the year, the industry has moved +6.4%.

Investors with an interest in Retail-Wholesale stocks should continue to track Maplebear and Brinker International. These stocks will be looking to continue their solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Maplebear Inc. (CART) : Free Stock Analysis Report

Brinker International, Inc. (EAT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10