Polaris Industries

(

PII

) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.2%. By the end of trading, Polaris Industries rose 51 cents (0.7%) to $71.49 on average volume. Throughout the day, one million shares of Polaris Industries exchanged hands as compared to its average daily volume of 819,500 shares. The stock ranged in a price between $70.35-$72.34 after having opened the day at $71.65 as compared to the previous trading day's close of $70.98. Other companies within the Automotive industry that increased today were:

Enova Systems

(

ENA

), up 6.9%,

Wabco Holdings Incorporated

(

WBC

), up 3.4%,

Motorcar Parts of America

(

MPAA

), up 3.2%, and

Visteon

(

VC

), up 3.1%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Polaris Industries Inc., together with its subsidiaries, engages in designing, engineering, manufacturing, and marketing off-road vehicles, snowmobiles, and on-road vehicles primarily in the United States, Canada, and Europe. Polaris Industries has a market cap of $5.13 billion and is part of the

consumer goods

sector. The company has a P/E ratio of 21.3, below the average automotive industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 26.8% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Polaris Industries a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Polaris Industries as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front,

Orbital

(

OBT

), down 6.6%,

Quantum Fuel Systems Technologies Worldwide

(

QTWW

), down 4.5%,

Drew Industries

(

DW

), down 4%, and

Thor Industries

(

THO

), down 3.2%, were all laggards within the automotive industry with

PACCAR

(

PCAR

) being today's automotive industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider

Consumer Discretionary Sel Sec SPDR

(

XLY

) while those bearish on the automotive industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

null