O'Reilly Automotive Drops After AutoZone's Earnings

OReilly Automotives stock plummeted by 4.2% following AutoZones first-quarter earnings report, which showed a decrease in profit margin due to LIFO accounting and increased operating expenses. This news spooked investors, causing a ripple effect in the auto parts retail industry. Despite the drop, OReillys shares are still up nearly 20% this year, but theyre trading about 12% below their peak.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.