CVNA - Auto parts providers can reap benefits from auto inflation

Auto retail stocks have reflected a large degree of market turmoil in recent days, driving rather erratically as both broad market and sector-specific headwinds hit the industry.  However, even adverse impacts in shifting consumer appetites, supply chain problems, and inflation may offer opportunity. Namely, these impacts are likely to motivate consumers to drive a car for longer. As many Americans return to pre-pandemic commuting and travel trends, these problems could prove positive for auto retailers offering auto repair services and, of course, auto parts providers.  Reviewing Retail Auto retailers, online or otherwise, have not enjoyed a smooth ride during April’s earnings season.  While companies like AutoNation (NYSE:AN) and Lithia Motors (LAD) have helped encourage some optimism on auto retailers’ resilience, Carvana’s (CVNA) bearish quarterly report coupled with cautious commentary on consumer strength and supply chain problems has held back bullishness on the sector. While Carvana (CVNA) has a host of

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Auto parts providers can reap benefits from auto inflation