Actionable news
0
All posts from Actionable news
Actionable news in AMZN: Amazon.com, Inc.,

After O’Reilly, Is Any Auto-Parts Retailer Safe?

On Jan. 28, I recommended avoiding auto-part retailersAdvance Auto Parts (AAP), AutoZone (AZO), and O'Reilly Automotive (ORLY), which had yet to feel the impact of Amazon.com (AMZN) but would at some point. And today, we got another piece of news that appears to confirm that thesis after O'Reilly Automotive reported disappointing same-store sales.

O'Reilly said that its same-store sales rose 1.7% during the second quarter, well below its guidance for a gain of 3% to 5%. As a result, shares of O'Reilly have plunged 16% to $184.53 at 9:47 a.m. today. And its weakness has hit other auto-part retailers too: AutoZone...


More