Sunny day for the auto parts retail sector

|By:, SA News Editor

Shares of AutoZone (NYSE:AZO) are up 4.30% as the stock rides along with the Advance Auto Parts (AAP +19.3%) rally.

O'Reilly Automotive (ORLY +2%) and Genuine Parts Company (GPC +2%) are also making gains.

One of the biggest takeaways from the Advance Auto Parts earnings report was progress on margin improvement. RBC Capital calls the AAP report a step in the right direction and notes that guidance was held by management (per Bloomberg).

Previously: Advance Auto Parts beats by $0.22, misses on revenue (Nov. 14)

Previously: Advance Auto Parts jumps after profit beat (Nov. 14)

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