O'Reilly Automotive, AutoZone rise after Trump's planned auto tariffs

OReilly Automotive

27/03/2025 14:23

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

** ORLY stock up 3%, and AZO shares up 2.7%; peer Advance Auto Parts AAP.N up nearly 6%

** 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

** 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

** Wall Street could also be betting on increased demand as more people seek DIY parts and components to keep their aging vehicles on the roads

** With moves on the session, ORLY and AZO up 20% and 18%, respectively, YTD. Conversely, AAP down 15% in 2025

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

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