Auto parts retailers have outpaced the market for much of the pandemic. Current economic uncertainty should keep the group in the fast lane.
The share price of one such retailer, AutoZone (ticker: AZO), is up 1% this year. The stocks of Advance Auto Parts (AAP), O’Reilly Automotive (ORLY), as well as NAPA Auto Parts owner Genuine Parts (GPC) are all in the red in 2022. But with the exception of Advance Auto, they have held their ground better than the S&P 500, which is down about 20%.