Atlanta, GA – Scibility Media – 11/05/2014.
This article discusses two companies: AutoZone, Inc.(NYSE:AZO) and Tower International Inc(NYSE:TOWR)
AutoZone, Inc.(NYSE:AZO) is a Tennessee-based company that retails and distributes automotive replacement parts and accessories. Its retail stores, which are located throughout the United States and directly compete with O’Reilly Auto Parts and NAPA Auto Parts, sells automotive hard parts, maintenance items and accessories for cars, sport utility vehicles, vans, and light trucks.
The company presented at the Gabelli & Company 38th Annual Automotive Market Symposium in Las Vegas on Nov. 4th, 2014. The stock has also recently been downgraded from Buy to Hold by Argus. Additionally, coverage of AutoZone was also recently initiated by William Blair, who assigned a rating of Market Perform to the company. AutoZone will be releasing its next earnings report on Dec. 9th, 2014.
Tower International Inc(NYSE:TOWR) is a Michigan-based company that sells engineered structural metal components and assemblies for automotive OEMs in the United States and internationally. The company’s products include lower vehicle frames and structures, including pickup truck and SUV full frames, and body pillars, roof rails, and side sills. Like AutoZone, the company also participated in the Gabelli & Company 38th Annual Automotive Aftermarket Symposium.
On Oct. 30th, the company reported its third quarter financial results. The reported numbers included a revenue of $523 million, a six percent increase from the $495 million mark recorded during the same period of the previous fiscal year. Additionally, Tower International also announced a net income of $11.2 million, a $7.9 million year-over-year increase.
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