Jefferies: Q3 Ends Strong

The third quarter appears to have ended with aftermarket sales gains in September, according to the October 2019 Monthly Tune-Up from Jefferies LLC. “End-of-quarter channel checks remain positive, with Q3 commentary showing a strong July followed by continued low-single-digit percentage growth in August and September,” analysts Bret Jordan, Mark Jordan and Ethan Huntley wrote. “While DIFM continues to outperform, we believe DIY trends showed marked improvement from weather impacts seen in Q2.”

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