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Stock impact report

Standard Motor Products: Still Appealing On Valuation [Seeking Alpha]

Standard Motor Products, Inc. (SMP) 
Last standard motor products, inc. earnings: 4/29 08:30 am Check Earnings Report
US:NYSE Investor Relations: smpcorp.com/en
Company Research Source: Seeking Alpha
Investing Group Leader Follow Summary Standard Motor Products, a producer and distributor of automotive parts, has seen its stock rise nicely since my last 'buy' rating in June. The company's Q2 revenue increased by 10.4%, driven by a 28.2% surge in its Temperature Control segment due to early summer orders. Despite revenue growth, net income slightly dropped, and other profitability metrics were mixed, but the company remains attractively priced on key multiples. The aging vehicle fleet in the US boosts demand for aftermarket parts, and management's long-term focus on expansion supports my continued 'buy' rating. The Good Brigade/DigitalVision via Getty Images The last few months have been an exciting time for shareholders of Standard Motor Products NYSE: SMP ). For those not familiar with the company, it operates as a producer and distributor of automotive Recommended For You About SMP Stock Related Stocks Trending Analysis Trending News Show less Read more
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