Advance Auto's Stock Selloff Hurts Rival's Shares

By Markets MarketWatch Pulse

Shares of auto parts retailers are taking a hit in premarket trade Thursday, in the wake of Advance Auto Parts Inc. disappointing first-quarter results, downbeat outlook and departure of its chief financial officer. Advance Auto's stock tumbled 7.6%, putting it on course to open at the lowest level since October 2014. Shares of AutoZone Inc. slumped 2.8%, of O'Reilly Automotive Inc. shed 2.2% and of Genuine Parts Co. slid 0.7%.

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