Pep Boys Fails to Excite (PBY, MDS, MNRO, AAP, AZO, ORLY, PRTS)

Tickerspy’s Auto Parts and Repair Retail Index

AUTO PARTS AND REPAIR RETAIL INVESTING IDEAS

• Popular long ideas: GPC, AZO, ORLY
• Popular short ideas: AZO, PBY, ORLY
• Top dividend plays: GPC, AAP
• Pro favorites: AZO, LKQ, ORLY

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AUTO PARTS AND REPAIR RETAIL COVERAGE

These companies sell auto parts and provide a variety of car repair and maintenance services

• J.Crew Confirms Acquisition Agreement (JCG, ARO, ANF, AEO, GPS, TLB)

AUTO PARTS AND REPAIR RETAIL CHART

AUTO PARTS AND REPAIR RETAIL METRICS

Avg. Market Cap:	$6.9B
Avg. P/E Ratio:	26.7
Avg. Div Yield:	0.4%

Auto parts and repair firm Pep Boys (PBY) announced a 10% increase in fiscal first-quarter earnings on Monday thanks to a rise in sales. However, the company’s EPS was just in-line, and its revenues, although up 2.7% from last year to $510 million, were still lower than the expected. Pep Boys’ total net income for the quarter rose to $12 million or 23 cents per share from $10.9 million or 21 cents per share last year. The stock dropped -5% in Monday trading and moved lower on the earnings report after hours.

As a whole, the Auto Parts and Repair Retail Stocks Index declined -2.2% on Monday, with Pep Boys falling the most. Midas (MDS) fell -3%. Monro Muffler/Brake (MNRO) and U.S. Auto Parts Network (PRTS) saw the least dramatic downsides in the Index, dipping -1%.

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For the month, U.S. Auto Parts has seen the Index’s largest drop, falling -12%. Advance Auto Parts (AAP), AutoZone (AZO), and O’Reilly Automotive (ORLY) have fared the best, all in positive territory for the period. Late last month, AutoZone reported outstanding earnings, handily beating Wall Street’s estimates for EPS and sales. Following AutoZone earnings, analyst Argus raised its price target for the stock to $234 from $195 and highlighted the company’s increasing gross margins.

Investors can track the Auto Parts and Repair Retail Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: AAP, AZO, MDS, MNRO, ORLY, PBY, PRTS