流量报告-月度零售商、经销商和服务流量数据

USA | Automotive Aftermarket The Traffic Report — Monthly Retailer, Dealerand Services Traffic Data Our monthly automotive aftermarket traffic report covers data across foot,web, & app traffic for the retailers, dealers and services groups and providesintra-quarterly insight into overall aftermarket demand, as well as company-specific trends. We note that retail foot traffic at AZO & ORLY continued tooutperform while the auto dealer group experienced softer foot traffic trendsboth sequentially and y/y. Y/y auto retailer foot traffic trends diverge in May.Estimated May retailer foot traffic data* wasmixed with increases atAZO (+3.2% y/y),andORLY (+6.1% y/y), butGPC (-2.6% y/y), andAAP(-8.2% y/y)both saw declines. We note that retail or DIY sales make up ~75% of AZO's sales, ~50%of ORLY's, ~50% of AAP's, and ~20% of GPC's. Auto dealer y/y foot traffic trends mostly lower in May.Estimated May auto dealer foot trafficdata* was lower across the board withSAH (flat y/y),whileGPI (-0.7% y/y),PAG (-4.8% y/y),AN(-2.0% y/y),ABG (-2.4% y/y),andLAD (-1.3% y/y)all saw softer trends. Bret Jordan, CFA * | Equity Analyst(617) 342-7926 | bjordan1@jefferies.comPatrick Buckley, CFA * | Equity Associate+1 (617) 342-7857 | pbuckley1@jefferies.comCJ Dipollino, CFA * | Equity Associate(617) 342-7876 | cdipollino@jefferies.com VVV foot traffic shows sequential acceleration in May while broader Auto Services industry datashows softer trends.Estimated May auto services foot traffic data* was higher atVVV (+4.9% y/y), outpacing thePeer Avg (-0.5%)&MNRO (-2.0%). App download trends softer in May.Estimated May downloads of AAP's & AZO's mobileapplications were -14.8% y/y & -2.1% y/y, respectively, while estimated monthly active users fell atAAP (-8.2% y/y) & AZO (-7.7%). Total time spent higher at AZO, but web traffic trends lower across retailers.Estimated Maywebsite visits were lower across the board withAZO (-7.2% y/y),ORLY (-10.1% y/y),GPC (-10.3%y/y),andAAP (-24.3% y/y). Total time spent increased onAZO's (+8.3% y/y),whileORLY's (0.0%)was flat,andAAP's (-23.7% y/y),&GPC's (-10.3% y/y)websites both saw decreases. *Placer provides anonymized, aggregated foot traffic information derived from mobile device geolocationdata, sourcing from a panel of ~25m active devices. Our visits index consists of monthly indexedvisitation volumes across all locations, where 100 is Jan '20. *Peer Group avg includes Express Oil Change, Jiffy Lube, Les Schwab, Mavis Discount Tire, Pep BoysAuto Parts & Service, Sun Auto Service, & Take 5 Oil Change. Company Valuation/Risks For Important Disclosure information on companies recommended in this report, please visit our website at https://javatar.bluematrix.com/sellside/Disclosures.action or call 212.284.2300. Analyst Certification: I, Bret Jordan, CFA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report. I, Patrick Buckley, CFA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) andsubject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or viewsexpressed in this research report. I, CJ Dipollino, CFA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report. As is the case with all Jefferies employees, the analyst(s) responsible for the coverage of the financial instruments discussed in this report receives compensationbased in part on the overall performance of the firm, including investment banking income. We seek to update our research as appropriate, but various regulationsmay prevent us from doing so. Aside from certain industry reports published on a periodic basis, the large majority of reports are published at irregular intervalsas appropriate in the analyst's judgement. Investment Recommendation Record Recommendation PublishedJune 16, 2025 12:04 P.M.Recommendation DistributedJune 16, 2025 12:04 P.M. Company Specific Disclosures Jefferies is acting as financial advisor to Pinewood Technologies Group Plc in connection with the proposed acquisition of Lithia's majority stake in the North Jefferies Group LLC is serving as financial advisor to Breeze Autocare in their acquisition by Valvoline Inc. (NYSE: VVV).Jefferies Financial Group Inc., its affiliates or subsidiaries make a market in the securities or ADRs of Group 1 Automotive, Inc. Jefferies Financial Grou