BUZZ-O'Reilly Automotive, AutoZone hit record highs after Trump's planned auto tariffs

Reuters
28 Mar
BUZZ-O'Reilly Automotive, AutoZone hit record highs after Trump's planned auto tariffs 

Updates stock activiity, adds analyst commentary

** Shares of auto parts retailers O'Reilly Automotive ORLY.O and AutoZone AZO.N climb to record highs and are among top S&P 500 .SPX performers on Thurs after Trump's latest tariffs salvo

** ORLY stock up 3%, and AZO shares jump nearly 4%; peer Advance Auto Parts AAP.N rallies >7% to about 1-mth high

** U.S. President Donald Trump on Weds said he would impose 25% tariffs on all imported vehicles and foreign-made auto parts imported into the country, sending shares of automakers such as General Motors GM.N and Ford F.N tumbling

** In research note, JP Morgan said it expects the parts and services business to gain from higher prices and increased traffic as consumers keep their cars longer

** Last week, DA Davidson upgraded AZO, saying co is inflation/tariff beneficiary since higher prices have historically been passed through to customers in margin neutral way, with little loss of volume

** With moves on the session, ORLY and AZO up 20% and 19%, respectively, YTD vs 3% decline in the SPX

** Despite the gain on Thurs, AAP down 14% in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10