O'Reilly Automotive, AutoZone rise after Trump's planned auto tariffs

Shares of auto parts retailers O'Reilly Automotive ORLY.O and AutoZone AZO.N rise and are among top S&P 500 .SPX performers on Thurs after Trump's latest tariffs salvo

ORLY stock up 3%, and AZO shares up 2.7%; peer Advance Auto Parts AAP.N up nearly 6%

U.S. President Donald Trump on Weds said he would impose 25% tariffs on all imported vehicles and foreign-made auto parts imported into the country, sending shares of automakers such as General Motors GM.N and Ford F.N tumbling

Last week, DA Davidson upgraded AZO, saying co is inflation/tariff beneficiary since higher prices have historically been passed through to customers in margin neutral way, with little loss of volume

Wall Street could also be betting on increased demand as more people seek DIY parts and components to keep their aging vehicles on the roads

With moves on the session, ORLY and AZO up 20% and 18%, respectively, YTD. Conversely, AAP down 15% in 2025