Auto Parts Stores

(AAP) Advance Auto Parts Hits 52-Week High

Shares of Advance Auto Parts Inc. (AAP) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. The closing price represented a one-year return of 4.4% and a solid...

11Jul2013 | | Comments Off on (AAP) Advance Auto Parts Hits 52-Week High | Continued

(AAP) Advance Auto Parts Stays Neutral

On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. (AAP) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected...

6May2013 | | Comments Off on (AAP) Advance Auto Parts Stays Neutral | Continued

(PBY) Pep Boys See Broader Loss

Pep Boys — Manny, Moe & Jack (PBY) posted a broader loss of $14.5 million or 27 cents per share in the fourth quarter of fiscal 2012 ended Feb 2 compared with $4.4 million or 8 cents in the corresponding quarter of prior year...

24Apr2013 | | Comments Off on (PBY) Pep Boys See Broader Loss | Continued

(PBY) Pep Boys to Buyback Shares

In a bid to enhance shareholders’ value, Pep Boys — Manny, Moe & Jack (PBY) recently announced a share repurchase program worth $50 million.

Pep Boys plans to fund the program with its available cash in hand and...

16Dec2012 | | Comments Off on (PBY) Pep Boys to Buyback Shares | Continued

(AZO) Fitch Maintains AutoZone Ratings

Fitch Ratings Services has reaffirmed its long-term IDR, senior unsecured debt and bank credit facility ratings on AutoZone Inc. (AZO) at ‘BBB’. The rating agency has also affirmed its short-term IDR and commercial paper...

28Aug2012 | | Comments Off on (AZO) Fitch Maintains AutoZone Ratings | Continued

(AAP) Advance Auto Parts’ Profit Dips

Advance Auto Parts Inc. (AAP) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. In absolute...

22Aug2012 | | Comments Off on (AAP) Advance Auto Parts’ Profit Dips | Continued

(AZO) AutoZone Beats Earnings – Profits Up 24%

AutoZone Inc. (AZO) recorded a 24% rise in profit to $4.68 per share in the first quarter of its fiscal 2012 ended November 19, 2011 from $3.77 per share in the year-ago quarter, beating the Zacks Consensus Estimate of $4.45 per share....

19Dec2011 | | 0 comments | Continued

(AZO) AutoZone Reports Another Strong Quarter From Late September

AutoZone, Inc. (AZO) continues to trade near its all-time high, jumping higher on another strong quarter from late September. With a high industry rank and bullish growth projection, this Zacks #1 Rank stock is primed for momentum.

28Nov2011 | | 0 comments | Continued

(AZO) U.S. Retail on the Rise

Total Retail Sales rose 0.5% in October on top of a 1.1% rise in September. Relative to a year ago they are up 7.2%. While the number is not adjusted for inflation (it is, but only for seasonality and holidays) it is still a strong showing. It was also better than the expected rise of 0.4% for the...

20Nov2011 | | 0 comments | Continued

(AZO) U.S. Retail Sales Flat in August

Retail and food service sales were unchanged in August, below expectations of a 0.2% increase. July was revised down from an increase of 0.5% to an increase of 0.3%. Total retail sales are up 7.2% from a year ago.

This was a disappointing report, and shows the consumer is still quite cautious....

15Sep2011 | | 0 comments | Continued

(AZO) U.S. Consumer – Reports of the Consumer’s Death Are Greatly Exaggerated

Retail and Food Service Sales were up 0.5% in July, in line with expectations. June was revised up from an increase of 0.1% to an increase of 0.3%. Total retail sales are up 8.5% from a year ago. In other words, reports of the consumer’s death have been greatly exaggerated.

The Retail...

15Aug2011 | | 0 comments | Continued

(AAP) Company News for August 12, 2011 – Corporate Summary

•    Pan American Silver Corp (NASDAQ:PAAS) posted Q2 EPS of $0.71, lower than the Zacks Consensus Estimate of $0.74 per share. Revenues rose 57.4% year-over-year to $231.9 million, missing the Zacks Consensus Estimate of $282.0 million

•   ...

13Aug2011 | | 0 comments | Continued

(AZO) U.S. Retail Sales Rise Slightly in June

Retail and Food Service Sales were in line with expectations for June, coming in with an increase of 0.1%. Retail sales alone were up 0.2%. Total retail sales are up 8.5% from a year ago (8.1% including food service).

The Retail Sales report covers far more than just the Malls...

14Jul2011 | | 0 comments | Continued

(AZO) AutoZone Analyst Maintains Neutral on Shares

We reiterate our Neutral recommendation on AutoZone Inc. (AZO), which is one of the nation’s leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (DIY) retail, Do-It-for-Me...

16Jun2011 | | 0 comments | Continued

(AZO) AutoZone Increases Share Buyback to $10.4 Billion

AutoZone Inc. (AZO) announced that its board of directors has authorized the repurchase of up to an additional $500 million of common stock under its existing share buyback program. Since the inception of the repurchase program in...

16Jun2011 | | 0 comments | Continued

(AZO) Company News for March 02, 2011 – Corporate Summary

• AutoZone (NYSE:AZO) reported Q2 EPS of $3.34, ahead of the Zacks Consensus Estimate of $3.06 per share. Revenues for the quarter rose 10.3% year-over-year to $1.66 billion, above the Zacks Consensus Estimate of $1.631 billion

• TiVO...

3Mar2011 | | 0 comments | Continued

(AZO) AutoZone Plans Share Buyback

AutoZone Inc. (AZO) has authorized the repurchase of an additional $500 million of its common stock under its ongoing share repurchase program on top of an authorization of another $500 million in September this year.

Since...

19Dec2010 | | 0 comments | Continued

(AZO) Autozone Incorporated – First Quarter Revenues Rise 13%

Autozone, Inc. (AZO) continues to trade near its all-time high after reporting strong Q1 results in early December that included a 10% earnings surprise. With a discounted valuation and bullish growth projection, this Zacks #1 rank...

13Dec2010 | | 0 comments | Continued

(AZO) Will The Holiday Shopping Season Be Good for Retailers?

December 2, 2010

The holiday shopping season got off to a good official start this past weekend. The National Retail Federation estimates that total spending reached $45 billion during the three-day period of Black Friday, Saturday and Sunday. Shoppers spent an average of $365.34, up from $343.31...

2Dec2010 | | 0 comments | Continued

(AZO) Company News for September 21, 2010

• Nokia (NYSE:NOK) for the second time announced delivery delays of its N8 model smartphone

• ConAgra (NYSE:CAG) announced worse-than-expected fiscal first quarter earnings of 34 cents a share, off estimates of 39 cents, on revenues of $2.82 billion, below estimates at $2.98 billion

• AutoZone...

22Sep2010 | | 0 comments | Continued

(AZO) Autozone Gets In The Zone With Financial Tides

Autozone (AZO) is the nation’s leading specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company’s auto parts store carries an extensive product line for cars,...

27May2010 | | 0 comments | Continued

(AZO) AutoZone Third Quarter 2010 Earnings Exceed Estimates

AutoZone (AZO) has posted a profit of $4.12 per share for the third quarter of its fiscal 2010 ended May 8, 2010, far exceeding the Zacks Consensus Estimate of $3.59 per share and the year-ago profit of $3.13 per share. The absolute...

26May2010 | | 0 comments | Continued

(ORLY) O’Reilly Automotive – Bull of the Day

O’Reilly Automotive (ORLY) is continuously benefiting from its dual market strategy and strong distribution network.

In the first quarter of 2010, the company beat the Zacks Consensus Estimate of $0.59 per share and its...

25May2010 | | 0 comments | Continued

(AAP) Advance Auto Parts First Quarter 2010 Beats Expectations

Advance Auto Parts (AAP) posted a profit of $1.19 per share in the first quarter of 2010, ended April 24, 2010, compared with $1.02 (excluding the charge related to store divestitures) in the year-ago quarter.

With this, the...

24May2010 | | 0 comments | Continued

(ORLY) O’Reilly Automotive – Same-Store Sales Up 6.9%

O’Reilly Automotive, Inc. (ORLY) just hit a new all-time high at $50.09 after jumping higher in late April on a 20% Q1 earnings surprise. Estimates are on rising for this Zacks #1 rank stock, with the next year projecting 15%...

23May2010 | | 0 comments | Continued

(ORLY) O’Reilly Automotive Shows That Auto Parts Are On Fire

Financial Tides pick today is O’Reilly Automotive, Inc. (ORLY) a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment...

3May2010 | | 0 comments | Continued

(AZO) AutoZone Reports Improved Quarter

AutoZone (AZO) has posted earnings per share of $2.46 per share for the second quarter ended February 13, 2010, beating the Zacks Consensus Estimate of $2.35 per share. The earnings also improved from the year-ago level of $2.03 per...

3Mar2010 | | 0 comments | Continued

(PRTS) U.S. Auto Parts Network’s Quarterly Report Shows Profit

U.S. Auto Parts Network Inc. (PRTS) has shown a profit of $586,000 or 2 cents per share in the fourth quarter of 2009 in sharp contrast to a loss of $3.5 million or 12 cents per share in the year-ago quarter. With this, the company...

28Feb2010 | | 0 comments | Continued

(AZO) AutoZone Beats Earnings Estimates

AutoZone, Inc. (AZO) posted a 9.1% rise in profit for the first quarter of its fiscal 2010 ended Nov. 21, 2009, driven by expanded parts coverage as well as an improved commercial sales force and hub operating model. The Memphis, Tennessee-based...

9Dec2009 | | 0 comments | Continued

(AZO) AutoZone Earnings Preview

AutoZone (AZO) is expected to release its sales and earnings results for the fiscal first quarter before the opening bell on Dec 8. The Memphis, Tennessee-based retailer of automotive replacement parts reported a 3.1% year-over-year...

25Nov2009 | | 0 comments | Continued