Financial Review on Pep Boys and AutoZone - Murky Future for Auto Parts Stores
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NEW DELHI, INDIA, Nov 09 (Marketwire) -- Third quarter results are starting to emerge from the auto parts stores industry, which includes companies such as Pep Boys - Manny, Moe & Jack and AutoZone, and have been relatively solid thus far. With more quarterly financials set to be released this week, investors will soon be able to get a better grasp on how individual companies have been performing as well as an impression of the industry as a whole. Street-Wire posted reports today for Pep Boys - Manny, Moe & Jack (NYSE: PBY) and AutoZone Inc. (NYSE: AZO), and they are accessible at http://www.street-wire.com/register.php www.Street-Wire.com has brought together some of the best financial and technical minds from around the biggest economies globally so that you can have an array of free research. Our researchers give you insight of how big players in different key sectors of the American exchanges are faring. Sign up now at http://www.street-wire.com/register.php Analysts have been somewhat down on the industry which fared so well during the economic lows. The credit squeeze, high gas prices and record age of cars on the road all drove consumers into the arms of auto parts stores as they put off buying new cars. However, some fear that good times could be coming to an end as auto sales have skyrocketed this year, aided in part by record low interest rates and pent up demand. Our financial analysis on AutoZone at http://www.street-wire.com/AZO09112012.pdf Despite the seemingly unfavorable changes, earnings have so far been encouraging, showing year-over-year growth and indicating that while trends may be shifting demand remains strong. As 4Q progresses, industry players seem to be focused on new store openings, albeit as a slower pace, and improving their balance sheets. Pep Boys - Manny, Moe & Jack financial analysis available for free at http://www.street-wire.com/PBY09112012.pdf About Street-Wire: Street-Wire aims to satisfy our new members with timely knowledge and to provide veteran traders with innovative and cognitive content when it comes to investing. We believe learning is a two-way channel, and we learn from our members as much as we provide them with what they need to make sense of the markets. We strive to introduce investors to new analytical viewpoint before the market becomes aware of them. Read our Disclaimer http://www.street-wire.com/disclaimer.html Contact Person: Anthony K. Merchant Communications Executive firstname.lastname@example.org Copyright 2012, Marketwire, All rights reserved. -0-
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