Is Nikola (NKLA) Stock Outpacing Its Auto-Tires-Trucks Peers 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. Is Nikola (NASDAQ:NKLA) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance to find out.

Nikola is a member of our Auto-Tires-Trucks group, which includes 110 different companies and currently sits at #10 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.