Are Auto-Tires-Trucks Stocks Lagging Geely Automobile (GELYY) 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 Geely Automobile Holdings Ltd. (GELYY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Geely Automobile Holdings Ltd. is one of 101 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Geely Automobile Holdings Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for GELYY's full-year earnings has moved 5.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that GELYY has returned about 80.2% since the start of the calendar year. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 23% on average. This means that Geely Automobile Holdings Ltd. is performing better than its sector in terms of year-to-date returns.Tesla (TSLA) 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 69.5%.For Tesla, the consensus EPS estimate for the current year has increased 14.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Geely Automobile Holdings Ltd. belongs to the Automotive - Foreign industry, a group that includes 23 individual companies and currently sits at #178 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so GELYY is performing better in this area.On the other hand, Tesla belongs to the Automotive - Domestic industry. This 17-stock industry is currently ranked #126. The industry has moved +46.8% year to date.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Geely Automobile Holdings Ltd. and Tesla as they attempt to continue their solid performance.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>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 Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks