Pep Boys, which has more than 700 stores, has faced competition from companies including AutoZone Inc.
What is truly shocking with AutoZone though is how clueless the analysts seem to be.
FORBES: If Hewlett-Packard Looks Bad, AutoZone Looks A Lot Worse
Note that I have failed to mention AutoZone (NYSE:AZO), a widely-followed auto parts concern.
Autozone (AZO) reported better than expected earnings for its fourth quarter, though missed revenue estimates.
This division sells FRAM filters, Autolite spark plugs and Bendix friction materials to retailers like AutoZone and Wal-Mart.
One company that looks terrible on this metric, one that analysts also seem to love, is AutoZone (NYSE: AZO).
FORBES: If Hewlett-Packard Looks Bad, AutoZone Looks A Lot Worse
Then there is Autozone (AZO) , the large chain of auto-parts stores.
The zero-yield club includes new companies like Facebook as well as mature ones like AutoZone that disburse cash by buying in shares.
AutoZone realized a store in an urban area would have a different clientele and different types of cars from a suburban outlet.
AutoZone uses 1010data to check car registration data around each store.
Now fast-growing retailers like AutoZone and service station chains like Jiffy Lube cut out the middleman -- Allied's traditional customers -- and they demand sophisticated logistics.
There is some leadership too in some of the defensive groups, the auto replacement-part stocks, AutoZone ( AZO) and Monro Muffler ( MNRO) to name two.
With the economic recovery underway and surging new car sales expected to make up for lost time over the next two years, that sweet spot in the economy for Autozone is behind it.
Shares in auto part retailer Autozone were up 2% Tuesday after the company reported a 20% increase in net profit for its second quarter and same-store sales that increased by 7% from the year-ago period.
Among the largest underlying components of SPLV, in trading today Autozone ( NYSE: AZO) is up about 0.5%, Target Corporation ( NYSE: TGT) is up about 0.5%, and Genuine Parts Company ( NYSE: GPC) is up by about 1%.
What Ramezani found was that companies that are consistently in the third quartile of growth--stalwarts like Wal-Mart, AutoZone and Intel--had stocks that far outperformed their faster-growing cohorts in the fourth quartile, such as Merisel, Limited and Toys "R" Us.
Among the largest underlying components of SPLV, in trading today AutoZone, Inc. ( NYSE: AZO) is up about 0.4%, Dollar Tree, Inc. ( NASD: DLTR) is up about 0.6%, and Target Corp ( NYSE: TGT) is lower by about 0.1%.
Among the largest underlying components of SPLV, in trading today Autozone Incorporated ( NYSE: AZO) is up about 0.6%, Oreilly Automotive Incorporated ( NASD: ORLY) is up about 1%, and Yum Brands Incorporated ( NYSE: YUM) is higher by about 1.1%.
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All of these companies pay silent dividends averaging at least 5% annually: Amgen ( AMGN, 52) , AutoZone ( AZO, 213) , Directv (DTV, 38) , Dollar Tree (DLTR, 45) , Laboratory Corp. of America (LH, 76) and Waters (WAT, 63) .
That aging fleet, which has been a boon for auto repair retailers like AutoZone and Pep Boys, will need to be replaced in coming years, which bodes well for an industry that has transformed into one that can be profitable at lower sales rates.
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In 2004, software vendor The SCO Group (nasdaq: SCOX - news - people ) sued Linux user AutoZone (nyse: AZO - news - people ) for what it claims are violations of its intellectual property--a case that hasn't yet been resolved.
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