Pep Boys - Manny, Moe & Jack
) purchased 17 Discount Tire Centers from AKH Company Inc. All
the centers are in the greater Los Angeles market.
The stores will be opened under the Pep Boys brand name on Sep
12, 2013. They will provide all kinds of maintenance and repair
services and sell branded tires.
The acquisition takes the total tally of Pep Boys stores in
California to 150 and in the U.S. to 750. As a result, at least
one Pep Boys location will now be within a 3-mile radius of
almost three-fourth of Los Angeles' population.
The easy access to stores should help boost Pep Boys'
revenues. The company generated revenues of $527.6 million in the
thirteen weeks ended Aug 3, 2013, up 0.4% from $525.7 million for
the thirteen weeks ended Jul 28, 2012. Pep Boys has been striving
to improve customer satisfaction and convenience since its
inception in California in 1933.
Based in Philadelphia, PA, Pep Boys supplies tires, batteries,
new and remanufactured parts for vehicles, chemicals and
maintenance items, fashion, electronic, and performance
accessories. It also provides non-automotive merchandise such as
generators, power tools and personal transportation products.
Currently, Pep Boys carries a Zacks Rank #3 (Hold). Other
stocks worth considering in the auto parts business are
The Goodyear Tire & Rubber Company
O'Reilly Automotive Inc.
). While Goodyear carries a Zacks Rank #1 (Strong Buy), O'Reilly
and CarMax carry a Zacks Rank #2 (Buy).
GOODYEAR TIRE (GT): Free Stock Analysis
CARMAX GP (CC) (KMX): Free Stock Analysis
O REILLY AUTO (ORLY): Free Stock Analysis
PEP BOYS M M &J (PBY): Free Stock Analysis
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