Auto News

Creates Combined Company with Enhanced Ability to Serve Customers Through Improved Scale and Expanded Service Capabilities View the full article

SPRINGFIELD, Mo., April 02, 2018 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its first quarter 2018 results as Wednesday, April 25, 2018, with a conference call to follow on Thursday, April 26, 2018. View the full article

Company Reaffirms Full-Year Guidance ROANOKE, Va.--(BUSINESS WIRE)--Apr. 2, 2018-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that Executive Vice President and Chief Financial Officer (CFO) Tom Okray has decided to leave the organization, effective April 15, 2018. Okray is leaving the company to accept an executive role with a global, publicly traded company outside of the aftermarket parts industry. While Advance conducts a search for a successor CFO, Senior Vice Pre... View the full article

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MEMPHIS, Tenn., March 20, 2018 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $1 billion of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of Directors has authorized $19.7 billion. “AutoZone’s continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings,” said Bill Giles, Executive Vice President, Chief Financial Officer and Information Technology. “We remain committed to utilizing share repurchases w... View the full article

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CHICAGO, March 02, 2018 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today announced that members of its senior management will be presenting at the following investor conference: Raymond James 39th Annual Institutional Investors Conference March 6, 2018 JW Marriott Grande Lakes, Orlando, Florida Materials and an audio webcast used during the presentation will be posted to the Company's website at www.lkqcorp.com in the Investor Relations section. View the full article

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Feb. 27, 2018-- Parts Authority, one of the largest distributors of automotive and truck parts to the aftermarket auto parts industry throughout the United States, today announced it has entered into a definitive agreement to purchase Interamerican Motor Corporation (“IMC” or the “Company”) from AutoZone, Inc, (NYSE: AZO). IMC operates 26 locations across 9 states and is the second largest distributor of OE quality import replacement parts in the United States. For over fifty years IMC has been committed to offering its customers a robust parts catalog sourced from hundreds of foreign focused ... View the full article

MEMPHIS, Tenn., Feb. 27, 2018 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.4 billion for its second quarter (12 weeks) ended February 10, 2018, an increase of 5.4% from the second quarter of fiscal 2017 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 2.2% for the quarter. The Tax Cuts and Jobs Act of 2017 (“Tax Reform”) increased net income by $171.4 million, consisting of benefits from both revaluation of net deferred taxes of $136.7 million and a lower corporate tax rate of $59.5 million, partially offset by $24.8 million of tax expense related to repatriation taxes for accumulated earnings of foreign subsidi... View the full article

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Full Year 2017 Operating Cash Flow Increased 15% to $601M; Free Cash Flow Increased 56% to $411M Fourth Quarter Net Sales of $2B; Gross Profit of $874M Fourth Quarter Diluted EPS of $2.49; Adjusted EPS of $0.77 ROANOKE, Va.--(BUSINESS WIRE)--Feb. 21, 2018-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, today announced its financial results for the fourth-quarter and full year ended December 30, 2017. “Through the strong dedication of our entire team, we continued to close ... View the full article

- Fourth Quarter Sales $4.2 Billion, up 11%, and Full Year Sales $16.3 Billion, up 6% - View the full article

Genuine Parts Company Marks 62nd Consecutive Year Of Increased Dividends And Announces Officer Changes - Dividend for 2018 Increased by 7% - Feb 20, 2018 ATLANTA, Feb. 20, 2018 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 7% increase in the regular quarterly cash dividend for 2018. The Board of Directors of the Company, at its February 19, 2018 Board meeting, increased the cash dividend payable to an annual rate of $2.88 per share compared with the previous dividend of $2.70 per share. The quarterly cash dividend of seventy-two cents ($0.72) per share is payable April 2, 2018 to shareholders of record March 9, 2018. GPC has paid a cash dividend every year since going public in 1948, and 2018 marksthe 62nd consecutive year of increased dividends paid to shareholders. Genuine Parts Company also announced today that its Board of Directors approved two corporate officer changes, effective immediately. Napoleon B. Rutledge, Jr. was named Senior Vice President of Finance, and Derek B. Goshay was appointed Vice President of Safety & Sustainability. Previously, Mr. Rutledge was Vice President of Finance and has served the Company in a variety of finance and accounting roles for 18 years, including eight years as an officer. Mr. Goshay was most recently the Senior Vice President of Human Resources for EIS and has served in similar roles across several of Genuine Parts' businesses in his 15 years with the Company. Paul Donahue, President and Chief Executive Officer of Genuine Parts Company, commented, "Both Napoleon and Derek are well qualified and deserving of their new leadership roles within the Company. Napoleon's promotion further strengthens our Finance team and Derek's valuable experience enhances our corporate initiatives regarding Safety and Sustainability. We know they will do an outstanding job and look forward to their future contributions." Genuine Parts Company plans to release Fourth Quarter and Year-End Earnings later this morning. Management will also conduct a conference call at 11:00 a.m. Eastern time. The public may access the call on the Company's website, www.genpt.com, by clicking "Investors", or by dialing 800-289-0438. The conference ID is 3643063. If you are unable to participate during the call, a recording of the call will be available on the Company's website or toll-free at 844-512-2921, ID 3643063, two hours after the completion of the conference call until 12:00 a.m. Eastern time on March 6, 2018. About Genuine Parts Company Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company also distributes industrial replacement parts and electrical and electronic materials in the U.S., Canada and Mexico through its Motion Industries and EIS, Inc. subsidiaries. S.P. Richards Company, the Business Products Group, distributes a variety of business products in the U.S. and in Canada. SOURCE Genuine Parts Company For further information: Carol B. Yancey, Executive Vice President and CFO - (678) 934-5044, Sidney G. Jones, Senior Vice President - Investor Relations - (678) 934-5628 View the full article

MEMPHIS, Tenn., Feb. 16, 2018 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), the nation’s leading auto parts retailer and a leading distributor of automotive replacement parts and accessories, will release results for its second quarter ended February 10, 2018, before market open on Tuesday, February 27, 2018. Additionally, the Company will host a one hour conference call on Tuesday, February 27, 2018, beginning at 10:00 a.m. (EST), to discuss the results of the quarter. This call is being web cast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozoneinc.com. Investors may also listen to the call via the phone by dialing (210) 839-8923. In addition, ... View the full article

SPRINGFIELD, Mo., Feb. 07, 2018 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for its fourth quarter and full year ended December 31, 2017. The results represent 25 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. View the full article

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ROANOKE, Va.--(BUSINESS WIRE)--Feb. 7, 2018-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that on February 6, 2018, its Board of Directors declared a regular cash dividend of $0.06 per share on the Company’s outstanding common stock. This dividend is payable April 6, 2018, to shareholders of record at the close of business on March 23, 2018. About Advance Auto Parts Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both profess... View the full article

ROANOKE, Va.--(BUSINESS WIRE)--Feb. 6, 2018-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its fourth quarter and full year 2017 results before the market opens on Wednesday, February 21, 2018. Interested parties can listen to the event via a webcast scheduled to begin at 8 a.m. Eastern Time on Wednesday, February 21, 2018. The webcast will be accessible via the Investor Relations page of the Company’s website (www.AdvanceAutoParts.com). For individuals unable to access the webcast, t... View the full article

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MEMPHIS, Tenn., Dec. 18, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today announced that Jim Griffith, Senior Vice President, Store Operations, Customer Satisfaction has made the decision to retire from AutoZone early next year. Jim joined AutoZone in 1987 as a part timer and has held several positions in Store Operations, including Store Manager, District Manager, Regional Manager, and Vice President of Stores. Jim spent seven years leading the Store Development team and since 2015, Jim has successfully led our Store Operations team as the Senior Vice President. “I would like to thank Jim for his many contributions to our organization over the last thirty years,” said Bill Rhod... View the full article

Interstate Batteries, North America’s No. 1 Automotive Battery Brand, Launches Exclusive Partnership with Advance Auto Parts New battery program offers unrivaled automotive aftermarket product assortment and availability at Advance Auto Partsand Carquest locations ROANOKE, Va. & DALLAS, Tex.--(BUSINESS WIRE)--Dec. 12, 2017-- Advance Auto Parts, Inc. (NYSE: AAP) and Interstate Batteries announce a strategic partnership to better serve the changing needs of the automotive aftermarket with premium quality products, expanded availability and enhanced customer service. Interstate Batteries®, the leading replacement battery brand with the largest independent battery distribution system in North America, will become the exclusive automotive and specialty battery brand to Advance Auto Parts® stores and customers in the spring of 2018. Advance Auto Parts, a leading parts provider serving both professional installers and do-it-yourself customers, will debut a comprehensive battery program featuring Interstate products at its more than 4,900 U.S. and international locations, and will offer free battery testing and installation in stores. Interstate products will be available initially at Advance’s company-owned stores and at independently owned Carquest stores. In the future, wholly owned Advance Auto Partssubsidiaries Worldpac, Autopart International and Carquest Canada will also offer Interstate products. “We are thrilled that Advance Auto Parts will be the only national auto parts retailer offering our customers the market leading battery brand,” said Tom Greco, president and CEO of Advance Auto Parts. “The trusted Interstate brand, coupled with Advance’s best-in-class customer service, is a winning combination. Offering Interstate products in store, online, and through delivery within our network demonstrates our commitment to serving our customers through differentiated, innovative solutions. Together with Interstate, we are positioned to increase market share in batteries and achieve growth. Long term strategic partnerships with our suppliers are important and this is a great example.” Automotive technicians have named Interstate Batteries the overall Best Automotive Battery Brand every year since 2007, according to Frost & Sullivan. Through the partnership, professional installers and do-it-yourself customers receive greater access and availability to premium automotive and specialty batteries as well as a broader warranty program. “Interstate Batteries’ long-term vision is to be the first choice in sustainable battery solutions in every community we serve,” said Scott Miller, president and CEO of Interstate Batteries. “This alliance places us where our professional and retail customers are making purchasing decisions, allowing Advance Auto Parts and independent Carquest stores to serve as convenient, one-stop shops to meet our customers’ needs.” Retail customers and professional installers alike will benefit from the partnership in many ways: Best-In-Class Brands: For 85 years, customers have relied on Advance Auto Parts for high quality parts, service and solutions. Customers value quality and reliability in batteries. Now, customers can get the entire line of the market leading Interstate brand from Advance Auto Parts. Interstate’s products are qualified at Interstate’s state-of-the-art testing lab to verify their products meet or exceed original equipment fit and function. Unmatched Availability: Through the partnership, DIY consumers and professional installers will benefit from more than 99 percent coverage for cars, light trucks, and specialty battery needs. Combining Advance’s online platforms and extended retail hours with Interstate’s expansive distribution network and route service program means the two companies will be able to provide the right battery at the right time when and where consumers need them. Best-In-Class Service: Advance locations will benefit from Interstate’s vast battery distribution network – the largest in North America – with more frequent product rotation and efficiencies through direct delivery to stores, keeping shelves fully stocked. Professional installers will appreciate Advance’s timely delivery service, allowing them more time to focus on customers’ needs. Additionally, with its portfolio of more than 900,000 quality products, Advance is ready to meet the full automotive parts needs of Interstate’s extensive professional customer base. For consumers, Advance stores will continue to offer free battery testing and installation through the expertise of its knowledgeable team. Nationwide Warranty Coverage: Interstate warranties now will be honored at all Advance locations and independently-owned Carquest stores in addition to the 200,000-plus professional shops that install Interstate batteries. The Advance footprint and name recognition bring increased convenience to Interstate customers seeking warranty support. Environmental Sustainability: In addition to sharing similar values based on quality, service and integrity, both companies also focus on environmental sustainability. Together, the companies will recycle more than 30 million batteries per year. That’s 1.1 billion pounds of lead and equates to more batteries recycled than sold. For more information, visit www.advanceautoparts.com or www.interstatebatteries.com. About Advance Auto Parts Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 7, 2017, Advance operated 5,074 stores and 129 Worldpac branches and employed approximately 73,000 Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves approximately 1,250 independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com. About Interstate Batteries For more than 65 years, Interstate Batteries® has powered people down roads, trails and waterways and charged up businesses for success. Best known for its starting, lighting and ignition (SLI) batteries, its products have been under car hoods since 1952, each one backed by the company’s service, quality and value. Interstate All Battery Center®provides portable power in both retail and commercial markets, and Interstate PowerCare® offers premier products and technical expertise for all critical and motive power needs. Headquartered in Dallas, Interstate Batteries is an industry leader in recycling efforts, as well as a global leader in safe lead handling practices. Guided by a set of core values, the company’s purpose is to glorify God and enrich lives while delivering the most trustworthy source of power to the world. For more information, visit www.interstatebatteries.com. View the full article

MEMPHIS, Tenn., Dec. 05, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.6 billion for its first quarter (12 weeks) ended November 18, 2017, an increase of 4.9% from the first quarter of fiscal 2017 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 2.3% for the quarter. Net income for the quarter increased 1.0% over the same period last year to $281.0 million, while diluted earnings per share increased 6.8% to $10.00 per share from $9.36 per share in the year-ago quarter. For the quarter, gross profit, as a percentage of sales, was 52.8% (versus 52.7% for the same period last year). Gross margin was effectiv... View the full article

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