Is Aeva Technologies (AEVA) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Aeva Technologies, Inc. (AEVA) 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.Aeva Technologies, Inc. is a member of our Auto-Tires-Trucks group, which includes 100 different companies and currently sits at #10 in 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 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. Aeva Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for AEVA's full-year earnings has moved 20.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Our latest available data shows that AEVA has returned about 34.3% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of -21.1% on a year-to-date basis. As we can see, Aeva Technologies, Inc. is performing better than its sector in the calendar year.Another stock in the Auto-Tires-Trucks sector, Oshkosh (OSK), has outperformed the sector so far this year. The stock's year-to-date return is 2.1%.In Oshkosh's case, the consensus EPS estimate for the current year increased 3.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Aeva Technologies, Inc. is a member of the Automotive - Original Equipment industry, which includes 50 individual companies and currently sits at #138 in the Zacks Industry Rank. Stocks in this group have lost about 5.8% so far this year, so AEVA is performing better this group in terms of year-to-date returns. Oshkosh is also part of the same industry.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Aeva Technologies, Inc. and Oshkosh as they attempt to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Aeva Technologies, Inc. (AEVA): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks