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4 Stocks to Ride the Promising Auto Retail Parts Industry

·1 min read

Prospects of the Zacks Automotive - Retail & Wholesale - Parts industry look bright, thanks to growing demand for complex technology embedded cars alongside favorable macro-economic factors. While global chip shortage may pose near-term headwinds, the industry is showing signs of promise amid ramp up of e-commerce initiatives, increase in the average age of vehicles, rising demand for electric vehicles and deep focus on cost-containment efforts. Amid the tailwinds, industry participants including O’Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX) and Advance Auto Parts (AAP) are positioned for growth. 


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OReilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
 
CarMax, Inc. (KMX) : Free Stock Analysis Report
 
AutoZone, Inc. (AZO) : Free Stock Analysis Report
 
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
 
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Zacks Investment Research