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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Corporacion America Airports S.A. (CAAP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
Corporacion America Airports S.A. is one of 125 companies in the Transportation group. The Transportation group currently sits at #16 within 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. Corporacion America Airports S.A. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CAAP's full-year earnings has moved 43.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CAAP has returned about 0.4% since the start of the calendar year. Meanwhile, the Transportation sector has returned an average of -14% on a year-to-date basis. This means that Corporacion America Airports S.A. is outperforming the sector as a whole this year.
Another stock in the Transportation sector, Proficient Auto Logistics, Inc. (PAL), has outperformed the sector so far this year. The stock's year-to-date return is 2.5%.
Over the past three months, Proficient Auto Logistics, Inc.'s consensus EPS estimate for the current year has increased 22.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Corporacion America Airports S.A. belongs to the Transportation - Airline industry, a group that includes 29 individual companies and currently sits at #158 in the Zacks Industry Rank. On average, stocks in this group have lost 20.3% this year, meaning that CAAP is performing better in terms of year-to-date returns.
In contrast, Proficient Auto Logistics, Inc. falls under the Transportation - Services industry. Currently, this industry has 24 stocks and is ranked #193. Since the beginning of the year, the industry has moved -8.1%.
Corporacion America Airports S.A. and Proficient Auto Logistics, Inc. could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.