AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company specializes in providing a wide range of products for various vehicles, including auto parts, tools, and maintenance supplies, catering to both DIY consumers and professional mechanics. With a strong focus on customer service, AutoZone offers comprehensive support, such as vehicle diagnostics and advice, helping customers find the right parts for their needs. The company's extensive network of stores and distribution centers allows it to maintain high inventory levels and respond efficiently to customer demands, solidifying its position as a key player in the automotive aftermarket industry.
Auto parts and accessories retailer AutoZone (NYSE:AZO) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 2.1% year on year to $4.28 billion. Its GAAP profit of $32.52 per share was 3.3% below analysts’ consensus estimates.
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week.
US companies prepare for potential tariff increases under Trump administration. Strategies include passing costs to customers, stockpiling imports, and shifting supply chains.
US stock futures declined on Tuesday as dollar rose to 106.357 level. Expectations of a December rate cut increased to 86.1%. Negative breadth in S&P 500 continued for sixth day.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at auto parts retailer stocks, starting with Advance Auto Parts (NYSE:AAP).
AutoZone trades at $3,170 per share and has stayed right on track with the overall market, gaining 14.3% over the last six months. At the same time, the S&P 500 has returned 14%.
President-elect Donald Trump has proposed implementing significant tariffs, including 25% on imports from Mexico and Canada, and an additional 10% on goods from China.
Jim Cramer praises Reddit, Inc. but warns of auto parts made in China. Recursion Pharmaceuticals and Dow Inc. face challenges. Super Micro Computer sells due to accounting irregularities.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how auto parts retailer stocks fared in Q3, starting with O'Reilly (NASDAQ:ORLY).
