Anyone could be forgiven for thinking that Maxiparts (MXI) operates in a different industry to SNL after their May update pointed to "an activity slowdown on the East Coast" - resulting in a flat 2H24 in terms of sales for MXI.
The bemusing aspect to that announcement was MXI's reference to "pricing behaviour of market competitors becoming more inconsistent ... putting pressure on volume and margins". Sounds like a way to assign blame, the explanation for the downgrade is more likely the way MXI is being managed and the escalation in their wages and integration costs.
The truck and bus parts distribution industry structure reminds me a lot of the plumbing supplies distribution industry structure - one outstanding market leader that operates on whole another level compared to its competitors.
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$30.32 |
Change
0.330(1.10%) |
Mkt cap ! $1.290B |
Open | High | Low | Value | Volume |
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1 | 35 | 29.510 |
1 | 50 | 29.480 |
1 | 1000 | 29.450 |
1 | 34 | 29.070 |
Price($) | Vol. | No. |
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31.060 | 160 | 1 |
31.150 | 250 | 1 |
31.200 | 650 | 1 |
31.500 | 145 | 1 |
31.710 | 34 | 1 |
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