AutoZone reported fiscal third quarter earnings that surpassed expectations. The aftermarket automotive parts retailer’s earnings for the quarter ended May 4 came in at $15.99 a share, compared to $15.10 a share expected by analysts polled by FactSet.It was also higher than the year-ago quarter’s earnings of $13.42 a share. Sales increased to $2.8 billion, from $2.7 billion in the comparable year-ago period. Domestic same-store sales climbed +3.9%, compared to analysts estimate of +3%. AutoZone CEO Bill Rhodes indicated that the  industry fundamentals remain strong, and that the company is improving its market share position. During its fiscal third quarter, the company repurchased 472,000 shares of its common stock for $466 million at an average price of $987 per share.

Advance Auto Parts  posted lower-than-expected second-quarter earnings and sales. The auto aftermarket parts retailer's adjusted earnings for the quarter came in at $2 a share, which fell short of the $2.22 a share expected by analysts polled by FactSet. Unadjusted earnings of $1.73 a share, was higher than the year-ago quarter’s $1.59 a share. Revenue for the quarter was $2.33 billion, lower than analysts' estimate of $2.4 billion.The figure was same as that of the year-ago quarter. Comparable-store sales were flat. Looking ahead, Advance Auto Parts  lowered its full-year outlook on net sales to between $9.65 billion and $9.75 billion (from prior guidance of between $9.65 billion and $9.8 billion).

Auto aftermarket parts retail giant Advance Auto Parts  announced that it was purchasing  DieHard battery unit from Transformco (owner of Sears and Kmart stores) for $200 million in cash. Following the acquisition, Sears  will be able to continue to sell DieHard auto batteries at its stores.Transformco will still be able to make products for the brand as long as they are not auto-related. Advance Auto Parts plans to sell DieHard auto batteries in its more than 4,800 stores.

Gentex Corp. (Nasdaq: GNTX) is set to release third quarter earnings results on October 18 and the automotive equipment manufacturer is expected to report earnings of $0.42 per share and that would match the results from last year.Sales have grown at a rate of 4% per year over the last three years and are expected to increase by 2.8% this year. Looking at some of the fundamental indicators from Tickeron’s Fundamental Analysis Overview, the Tickeron Profit vs. Risk Rating for Gentex is 24.

Irish automotive supply manufacturer Adient (NYSE: ADNT) has been struggling over the past 10 months.Its stock gapped lower last November and hasn’t been able to fully recover since then. If we look at the daily chart for Adient we see that the stock dropped below the $26 level when it gapped down after a disappointing earnings report.

The 50-day moving average was just below that level and still climbing. The daily stochastic readings for Dana dropped sharply during the two-week pullback, moving from overbought territory to oversold territory.Now the indicators have turned higher and have made a bullish crossover. The Tickeron AI Trend Prediction tool generated a bullish signal on March 15 and that signal called for a gain of at least 2% for the coming week.

Auto parts retailer AutoZone’s earnings and same-store sales exceeded expectations for the quarter ending November 17. Net income increased to $13.47 per share, from $10 a share of the year-ago period."Net income and diluted earnings per share benefited from a lower effective income tax rate, primarily due to tax reform," the company said in its earnings statement. Domestic same-store sales rose +2.7% in the quarter from the same period a year ago, beating analysts’ estimates of +2% increase.

Shares of Fox Factory Holding Corp, makers of high-performance suspension products used on mountain bikes and off-road and all-terrain vehicles, soared more than +17% in Wednesday trading as the company reported record breaking third-quarter earnings. Q3 earnings highlights included: Sales increased 38.0% to $175.8 million compared to $127.4 million in Q3 2017 Gross margin increased 100 bps to 34.4% compared to 33.4% in Q3 2017 Net income attributable to stockholders was $24.3 million, or 13.8% of sales and $0.62 of earnings per diluted share, compared to $16.1 million, or 12.6% of sales and $0.41 of earnings per diluted share of Q3 2017 Non-GAAP adjusted net income was $28.1 million, or $0.72 of adjusted earnings per diluted share, compared to $18.0 million, or $0.46 of adjusted earnings per diluted share in Q3 2017 Adjusted EBITDA was $39.3 million, or 22.4% of sales, compared to $27.0 million, or 21.2% of sales in Q3 2017 Powered Vehicle Group sales grew by 56.6% whe