Auto Parts

Even as President Donald Trump paused the reciprocal tariffs for 90 days on Wednesday, he later confirmed in a conversation with reporters at his Oval Office that pharmaceutical companies would face tariffs. What Happened: The rally in pharma stocks was short-lived after the stocks reversed course...

The action in Advance Auto Parts, Inc. (NYSE:AAP) has some investors and traders confused. The company released its earnings report Thursday and it was well short of estimates. But the shares are trading higher. This is why it is our Stock of the Day. The company reported a loss of four cents per...

The International Longshoremen's Association (ILA) initiated a strike earlier this week amid ongoing negotiations regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn.These are...

Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies. What Happened: Morgan Stanley analyst Adam Jonas downgraded Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM) and...

Automotive parts retailer AutoZone Inc (NYSE:AZO) looks to keep its streak of earnings beats alive when the company reports fourth-quarter financial results before the market opens Tuesday, Sept. 24. Earnings Estimates: Analysts expect AutoZone will report fourth-quarter earnings per share of $53....

Advance Auto Parts, Inc. (NYSE: AAP) reported first-quarter net sales growth of 1.3% year-over-year to $3.37 billion, missing the consensus of $3.38 billion. Comparable store sales increased 0.6%; comparable store sales increased 25.3% on a two-year stack. Advance opened 35 new stores in the first...

By Patrick McKeever While there are growing concerns about record inflation, rising borrowing costs, the psychological impact of Russia’s invasion of Ukraine, and record-high gasoline prices, U.S. consumers continue to be very resilient, buoyed by broad-based labor-market strength, solid wage...

The U.S. parent company of a Mexican auto parts factory has agreed to recognize worker rights and pay back wages to laid-off employees to settle a labor rights complaint filed under the United States-Mexico-Canada Agreement (USMCA). The agreement under the trade pact was announced Tuesday by the U...

As the economy gradually moves towards normalization and there is a ramp-up for vaccinations, auto parts retailers like Advance Auto Parts, Inc. (NYSE: AAP) are poised to benefit, despite strong comps in 2020, according to Goldman Sachs. The Advance Auto Parts Analyst: Kate McShane upgraded...

Automotive parts supplier company BorgWarner Inc. (NYSE: BWA) is well positioned to take full advantage of the global electrification trend, and investors should be buyers of the "attractively priced" stock, according to Nomura. The Analyst Nomura analyst Anindya Das initiated coverage of...

Advance Auto Parts, Inc. (NYSE: AAP) turned in a disappointing second quarter Tuesday as car repair DIY-ers put off fixes due to bad weather. But sell-side analysts said the sun is coming back out for both the auto parts chain and its customers.  Same-store sales growth was flat,...

Among the multiple major players in the auto parts sector, O'Reilly Automotive Inc (NASDAQ: ORLY) stands out to benefit the most from a "weather deep dive" analysis, according to JPMorgan. The Analyst JPMorgan's Christopher Horvers maintains an Overweight rating on O'Reilly...

Linamar reported strong fourth-quarter earnings today (March 11) as its surging industrial manufacturing business offset softer demand for auto parts in Europe and Asia. Linamar, Canada's second-largest auto parts maker, reported C$1.7 billion in sales in the fourth quarter of 2018, a 10...

Canadian auto and truck parts maker Magna International (NYSE: MGA) reported a better than expected profit on Friday, February 22, but its CEO noted that the Trump administration's tariffs were hurting the company's U.S. plants. Magna generated a $456 million profit in the fourth quarter of...