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Technical Trade Alerts on Auto Parts Store Stocks: PBY, AAP, ORLY, AZO, PRTS, GPC

Leading auto parts companies are making ripples in the market with news of recent management reorganizations, financial results and full-year profit outlook.

(EMAILWIRE.COM, November 04, 2008 ) DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering auto parts companies: Pep Boys (NYSE: PBY), Advanced Auto Parts Inc. (NYSE: AAP), O’Reilly Automotive Inc. (Nasdaq: ORLY), AutoZone Inc. (NYSE: AZO), U.S. Auto Parts Network Inc. (Nasdaq: PRTS) and Genuine Parts Co. (NYSE: GPC).

In the Trade Alert, the author highlights Pep Boys’ reorganization from eight to six divisions:

“Pep Boys: Manny, Moe & Jack (PBY) shares closed last Friday at $4.82, up 15.59% from the previous close of $4.17. Pep Boys, together with its subsidiaries, operates as an automotive retail and service chain in the United States and Puerto Rico. ... Instead of eight divisions, the company recently reorganized its field structure into six. Under the new system, one divisional vice president will be responsible for service, retail and commercial operations at all divisions. Further, one area director will be responsible for all lines of business for an average of nine stores.”

The Trade Alert author also featured Advance Auto Parts’ release of its third-quarter financial results:

“Advance Auto Parts Inc. (AAP) shares closed last Friday at $31.20, up 15.26% from the previous close of $27.07. Advance Auto Parts operates as a specialty retailer of automotive parts, accessories and maintenance items for do-it-yourself and do-it-for-me customers in the automotive aftermarket industry. … The company recently announced its financial results for the third quarter ended October 4, 2008. Its third-quarter earnings per diluted share (EPS) increased 4% to 59 cents compared to 57 cents for the same period last year. The increase was primarily attributable to a reduced share count as a result of share repurchases. Its EPS increased 16% through the first three quarters of the year, driven by a reduction in share count as a result of share repurchases and increased operating income.”


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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com

Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
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