Auto parts retailers are handily outperforming the broader market so far this year, thanks to their defensive businesses. Yet one of their key suppliers has slumped, creating an opportunity for bargain-hunting investors.
“It’s well known that after market auto parts is defensive, and those stocks have become crowded; Standard Motor is a less known way to play that space, a small-cap way to get exposure to an objectively great end market,” says Stephens analyst Daniel Imbro.
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