Weak Economy Favors Auto Parts Stores
08 Março 2010 - 11:14AM
Marketwired
www.rothmanresearch.com
"Cost-awareness amongst automobile consumers have lead many to
invest in servicing and repairs of their already owned car rather
than purchasing a new one, due to the effect of a weakened global
economy," says financial analyst Bradley McCoy of Rothman Research.
This means bigger gains to services sector stocks. O'Reilly
Automotive Inc. (NASDAQ: ORLY) and AutoZone Inc. (NYSE: AZO) are
two examples of stocks doing better despite the weak economy since
last year.
*These reports are a must read for every investors trading on
the services sector and can be downloaded absolutely free at
http://www.rothmanresearch.com/article/orly/23193/Mar-08-2010.html
or
http://www.rothmanresearch.com/article/azo/23194/Mar-08-2010.html
O'Reilly Automotive Inc. is a publicly traded chain of Auto
Parts stores that started with one store in Springfield, Missouri
in 1957. It has since grown to more than 3,400 stores in 38 states.
The corporate headquarters of O'Reilly is located in
Springfield.
The company nearly doubled in size and boosted its presence on
the West Coast with the acquisition of CSK Auto in mid-2008. The
growing base of stores resulted to strong sales and sent profit
soaring in the fourth quarter. O'Reilly earned $71.9 million or 52
cents per share, up from $42.7 million, or 32 cents per share, in
the same quarter of last year.
As the company expanded its operations from 3,285 stores and 18
distribution centers at the beginning of the year to 3,421 stores
and 20 distribution centers by the end, O'Reilly's sales grew to 36
percent that is $4.85 billion. O'Reilly CEO Greg Henslee says, "We
are looking forward to 2010, we see consumer concerns over high
unemployment and a challenging macro environment as signs that our
customers will continue to maintain their current vehicles and,
therefore, drive demand in our industry."
For more information on O'Reilly Automotive Inc., visit our web
site at
http://www.rothmanresearch.com/index.php?id=6&name=Register
AutoZone Inc. operates as a specialty retailer and distributor
of automotive replacement parts and accessories. Its stores offer
various products primarily to do-it-yourself customers for use in
cars, sport utility vehicles, vans, and light trucks, including new
and remanufactured automotive hard parts, maintenance items,
accessories, and non-automotive products.
AutoZone has been reporting solid gains since last year. The
company is having double digit EPS growth for 14 consecutive
quarters, which was propelled by a 565,000 share repurchase during
the quarter. Over the long run, the continued improvement in
operational performance has created tremendous value for
shareholders.
The full research report to AutoZone is available for download
at www.rothmanresearch.com free of charge. Get the latest updates
on your preferred stocks while you at it.
Companies looking for additional media or advertising services
can call Blue Chip IR at 1-917-267-8836.
About Rothman Research
Rothman Research brings independent company and sector research
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to provide you with a clear picture of investment
opportunities.
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