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CarRepair posts

Monro Muffler Remains in an Uptrend

Posted Apr 5th 2010 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The uptrend for Monro Muffler Brake (MNRO), first discussed here on March 27, 2009, at a price of $26.01, continues. It goes without saying that the auto/vehicle repair sector's fundamentals and conditions remain favorable for MNRO.

Pinched budgets mean new car sales will not return to normal levels any time soon, which means many Americans will be driving their 5-year and 8-year used cars longer, and that means increased maintenance: to Monro's benefit. Ditto for the trend regarding used car purchases instead of new car purchases. Hence, look for Monro's revenue to increase 10-15% in both 2010 and 2011.

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Advance Auto Parts: Pull-back is buy opportunity

Posted Nov 30th 2009 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Advance Auto Part's (AAP) stock has retreated about $7 since mid-summer, but I'm nevertheless reiterating my buy rating for the company, first recommended on May 19, 2009 at a price of $43.38. Here's why.

Advance Auto's stock appears to be the victim of some tad-early, year-end, profit-taking by short-term institutional investors (IIs). AAP posted Q3 EPS of 65 cents -- very close to the First Call Q3 EPS estimate of 66 cents; AAP also reported a 4.7% increase in same store sales in Q3. The two data points helped AAP recover slightly from its $47 to $37 swoon, with shares now trading at/near $39.50, supporting the analysis that the preceding plunge has the look of selected institutions 'getting out, early' ahead of the December crush.

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O'Reilly Automotive: A used car maintenance play

Posted Nov 24th 2009 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The used car trend in the United States isn't ending anytime soon, which is why I'm reiterating my buy rating for auto parts giant O'Reilly Automotive Inc. (ORLY), first recommended on May 18, 2009 at a price of $37.02.

One argument holds that frugal consumers in U.S. will delay getting maintenance done on their used vehicles, due to tight budgets. But that delay can only occur for so long: critical maintenance must be performed, eventually. Further, the U.S. auto fleet's increasing age provides another tailwind for ORLY's sales. The First Call FY2009/FY2010 EPS estimates for ORLY are $2.24 to $2.59.

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Monro knows there's rarely a recession in auto repair

Posted Jul 27th 2009 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

I'm Reiterating my Buy rating for Monro Muffler Brake, Inc. (NASDAQ: MNRO), first recommended on March 27, 2009 at a price of $26.01.

Uncertainty remains the operative phrase regarding the U.S. economy and the stock market. But one sector should fair reasonably well in just about any economic climate: automotive undercar repair and tire service, that's why Monro Muffler Brake is worthy of investor consideration.

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