Latest news with #autoParts
Reuters
4 days ago
- Automotive
- Reuters
India's Samvardhana Motherson misses quarterly profit estimates as global car sales decline
May 29 (Reuters) - Samvardhana Motherson ( opens new tab, India's top auto parts maker by market capitalisation, missed quarterly profit estimates on Thursday, hurt by weak global vehicle sales. The company's consolidated profit dropped 23% to 10.51 billion rupees (about $123 million) for the quarter ended March 31. Analysts, on average, expected a profit of 10.95 billion rupees, according to data compiled by LSEG. Revenue grew 8% to 293.17 billion rupees, ahead of analysts' forecast of 287.85 billion rupees. Shares of the company hit an intraday high after results and closed 2.3% higher. For detailed earnings highlights, click (Full story). European car sales have been affected due to competition from China, the uncertainty around a 25% U.S. import tariff, and high costs. Samvardhana Motherson counts German auto majors such as Mercedes-Benz ( opens new tab, Volkswagen , Audi and BMW ( opens new tab among its top customers in Europe. Earlier this month, peer Sona BLW ( opens new tab reported a 10.4% quarterly profit rise on strong order book, but flagged a negative impact from the U.S. tariffs on short-term demand in the global auto industry. PEER COMPARISON * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.4620 Indian rupees
Yahoo
18-05-2025
- Automotive
- Yahoo
Is O'Reilly Automotive Worth Buying? This Surprising Q1 Revelation Can Help You Decide.
O'Reilly Automotive is a large auto parts chain. The company reported a 4% sales increase and a 2% earnings jump in the first quarter of 2025. To understand the company's 2% earnings advance, you need to dig into the numbers. 10 stocks we like better than O'Reilly Automotive › O'Reilly Automotive (NASDAQ: ORLY) had a decent fiscal 2025 first quarter when you look at its overall results. But when you actually dig into the earnings release a little bit, you see that there's more here than meets the eye. Here's how this auto parts retailer really managed to increase its earnings year over year in the first quarter of 2025. O'Reilly Automotive is, at its core, a retailer. What it sells are auto parts. Not a complex business by any stretch of the imagination, though the company does serve both the do-it-yourself and the professional markets (they each have very different sales dynamics). The company operates around 6,400 stores across North America, which is a pretty big footprint. As a retailer, there are two main ways for the business to grow. The first is via new store openings. Management is planning on opening roughly 200 new locations in 2025. The other way is to do more business in the stores it already owns, which is tracked by same-store sales. In the first quarter, O'Reilly's same-store sales increased 3.6%. That's not bad at all and, when combined with new store openings, should help to drive reasonable top-line growth. When you look at the income statement from the first quarter of 2025, sales (the top line) increased by 4%. Slow and steady is hard to complain about, given the uncertainty that had consumers worried about the possibility of a recession during most of the first quarter. Earnings, however, were up only roughly 2%, which isn't quite as good as the sales growth. The difference between sales and earnings is the first sign that investors should take a closer look at O'Reilly's income statement. This is where the story gets a lot more complicated for what is a fairly simple business. O'Reilly's sales rose 4%, as noted. And while its cost of sales (basically the cost of the auto parts it sold) rose, the gross profit figure advanced year over year. So far, so good. The problem starts when you take one more step down the income statement to look at selling, general, and administrative costs. That's basically what it costs the company to run its stores. This figure went up year over year, too, and more than offset the gross profit increase. Add in a few more puts and takes along the way, and O'Reilly's net income fell year over year from $547 million in the first quarter of 2024 to $538 million in the first quarter of 2025. That's not great news. But the interesting thing is that the company's earnings-per-share figure for the quarter rose from $9.20 in the first quarter of 2024 to $9.35 in the first quarter of 2025. Net income was lower, but earnings per share was higher? That doesn't make logical sense until you examine the share count, which fell 3% year over year. So, net income was spread across fewer shares, resulting in the higher earnings figure. To be fair, O'Reilly isn't playing games or doing anything wrong. It is facing a difficult period and doing what it can to continue growing its earnings. In this case, that required buying back stock. A lot of companies do this. The problem is that the first quarter's results were, perhaps, not quite as strong as a cursory look at the earnings release might indicate. In fact, the earnings advance year over year was around 1.6%, so the stock buyback only offset part of the profit impact of the company's rising costs. If you own O'Reilly or are thinking about buying it, you might want to pay a little more attention to the company's rising operating costs. They could be a bigger headwind than you think. Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is O'Reilly Automotive Worth Buying? This Surprising Q1 Revelation Can Help You Decide. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
17-05-2025
- Automotive
- Zawya
4th UAE China Tyre & Auto Parts Expo kicks off
Sharjah: The 4th edition of the UAE China Tyre and Auto Parts Expo kicked off today, Friday, at Expo Center Sharjah, and will continue until May 18, 2025. Organized by Inter Commerce Expo Corporation with the support of the Sharjah Chamber of Commerce and Industry (SCCI), the exhibition features more than 300 leading Chinese manufacturers and companies specialized in the production of tyres, auto parts, equipment, and accessories. It is expected to draw thousands of visitors from across the region and the world, including automotive industry practitioners and enthusiasts alike. The 4th UAE China Tyre & Auto Parts Expo was inaugurated by H.E Abdallah Sultan Al Owais, Chairman of SCCI and Expo Centre Sharjah. The opening ceremony was attended by H.E Waleed AbdelRahman BuKhatir, Second Vice Chairman of SCCI, and Marwan Al Mashghouni, Director of Government Communications at Expo Centre Sharjah, along with senior officials and diplomatic representatives. Attendees toured the exhibition's various pavilions, where they explored the latest automotive spare parts, accessories, tyres, batteries, and cutting-edge electronic components. In his remarks, H.E Abdallah Sultan Al Owais said that the Sharjah Chamber's support for the UAE China Tyre and Auto Parts Expo aims to provide a distinguished commercial platform that brings together Chinese manufacturers and suppliers with local and regional traders and importers, opening new horizons for cooperation and strategic partnerships. He noted that this support reflects the Chamber's broader commitment to promoting key economic sectors, developing Sharjah's business ecosystem, and reinforcing its position as an advanced commercial and logistics hub connecting global markets. The UAE China Tyre and Auto Parts Expo serves as a dedicated trade event that underscores the robust economic and trade relations between the UAE and China. It showcases cutting-edge innovations in Chinese tires, automotive parts, and accessories, making it an ideal platform for buyers and traders interested in sourcing Chinese products in this field. The exhibition is designed to attract buyers from various sectors of the aftermarket and supply chain, including vehicle manufacturers, garages, body repair shops, detailing services, retailers, dealers, and other businesses engaged in automotive components and accessories. This year's edition of UAE China Tyre and Auto Parts Expo features a dedicated forum that highlights current developments in the Chinese tire manufacturing industry and the integration of cutting-edge technologies. It also serves as a vital platform for the exchange of knowledge and expertise among key industry players, promoting strategic collaboration and driving innovation across the tire and automotive parts sector. Held in partnership with Shandong Port Overseas Supply Chain (Qingdao) Co., Ltd. and Hualun Inter Tech FZCO, the exhibition presents cutting-edge automotive technology solutions and industrial innovations. It features a comprehensive range of exhibits, including all types of tyres, auto parts, electric vehicles, EV charging stations, inner tubes, wheels, car batteries, automotive electronics, maintenance equipment, and accessories, catering to a wide spectrum of industry stakeholders. For further information, please contact: - Ali Elgendy Misbar Communications ali@ Ahmad Aldwairi Misbar Communications
Yahoo
17-05-2025
- Automotive
- Yahoo
Popular auto shops are closing across SLO County. Here's why
Auto parts stores are closing across much of California, including the Central Coast. After shutting down Carquest locations in Arroyo Grande and Santa Maria earlier in January, the two remaining stores in SLO County are set to close in the coming weeks. According to Atascadero Carquest Auto Parts manager Dwayne Semans, the chain's supplier, Advance Auto Parts, recently pulled out of the western United States, after suffering significant losses last year. The supplier's operating loss in the final part of 2024 was $820 million, equal to roughly 41.1% of its net sales , according to its fourth quarter report. As a result, Advance Auto Parts plans to close 820 stores, Semans said. The supplier will close a total of 523 corporate stores, 204 independent locations and four distribution centers, according to its third quarter report. That includes Carquest Auto Parts at 7475 El Camino Real in Atascadero and the Carquest at 207 S. Main St. in Templeton. Semans said the closures caught workers off guard when Advance Auto Parts sent a letter to employees in December. 'I see boom, boom, boom,' Semans said. 'I see a domino effect of what they're doing. They let go of all their support network, everything, all in the same letter.' Semans said the stores are now selling everything at cost, and once everything is sold the stores will close permanently. Founded as Advance Stores in 1929, Advance Auto Parts, Inc. bills itself as 'your source for quality auto parts, advice and accessories.' As of Dec. 28, the company operated 4,788 stores primarily in the United States, and served 934 independently owned Carquest stores, according to its website. Despite its California struggles, the company is expanding in other parts of the country. Since January, Advance Auto Parts opened six new stores on the East Coast, and expects to open 30 new locations in 2025, and over 100 locations by 2027, according to a press release.
South China Morning Post
13-05-2025
- Automotive
- South China Morning Post
Tariff flux clouds Chinese car-parts makers' overseas expansion plans
Lower tariffs on Chinese goods are likely to keep auto-parts exports relatively attractive for American buyers, prompting mainland-based producers to reassess their plans to build production facilities in the US. Advertisement The US agreed to lower its combined 145 per cent tariffs on most Chinese imports to 30 per cent for 90 days after talks in Geneva on Monday, cooling a stand-off between the world's two biggest economies since US President Donald Trump rolled out his so-called reciprocal tariffs on the nation's trading partners. Officials with five vendors said they embraced the truce since their goods were still demanded by their American clients. China shipped almost 100 billion yuan (US$13.9 billion) worth of auto parts to the US – from electric vehicle (EV) batteries to lidar sensors and drive control systems – in 2024, according to customs data. 'We are confident that US customers will be willing to buy our products, even if they still have to pay the extra [lower] tariffs,' said Qian Kang, who owns a factory making printed circuit boards in Zhejiang province in eastern China. 'But neither Chinese vendors nor American customers are able to strike deals, because the outlook is uncertain. You have to be aware that tariffs may jump again 90 days later.' 03:53 China, US slash most tariffs on each other after first round of trade talks China, US slash most tariffs on each other after first round of trade talks Chinese-made EV batteries are now subject to 58.4 per cent US tariffs – which comprises the 30 per cent extra levy and the existing duties, down from 173.4 per cent before the Geneva deal. Advertisement Not all Chinese car-parts producers were subject to the 145 per cent additional duty the US imposed last month. On average, they faced an import duty of around 70 per cent, according to the International Intelligent Vehicle Engineering Association.
