AutoZone reported an $80 million non-cash charge due to tariffs, which is expected to increase to $120 million in the current quarter. Throughout the fiscal year, charges between $80-85 million are anticipated. Despite this, AutoZone remains optimistic due to consumer inelasticity. O’Reilly Automotive, however, saw a 7% drop in shares after reporting third-quarter results, citing pressure on DIY business from price increases. While O’Reilly raised profit and revenue outlook, it expects continued pressure on DIY customers. Despite this, O’Reilly plans to open hundreds of new stores by 2026, including its first store in Canada.

Read more at Yahoo Finance: O’Reilly Auto Parts CEO warns consumers will see change in stores