NEW DELHI, INDIA--(Marketwire - Nov 9, 2012) - 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 (
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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
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
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