AZO, AAP, ORLY: Opportunities In Auto Parts Retailer Stocks

In these uncertain economic times, consumers are likely to remain cautious and not spend on large purchases that already bodes well for AutoZone (AZO) and Advance Auto Parts (AAP), says Taylor Conrad. She discusses finding opportunities in auto parts retailer stocks, such as AutoZone (AZO), Advance Auto Parts (AAP), and O'Reilly Automotive (ORLY). She talks about how AAP 4Q comp. store sales are up 2.1% and expects inventory improvement and availability throughout 2023. The stock sees FY23 capex of $300M-$350M and opened 30 new U.S. stores in 2Q. She also notes that AZO beat earnings estimates and 2Q same-store sales are up 5.3%. Tune in to find out more about the stock market today.