Automotive aftermarket company Bapcor Ltd (ASX:BAP) is sitting at a 52-week high at the time of writing – up 0.5% to $6.84.
The auto industry is having a decent run at the moment and Bapcor's strategic focus is seeing it work to grow its product range while staging a global expansion.
Bapcor's aim is to have five Asian stores open by Christmas and this could be a lucrative pipeline for growth.
At last month's Macquarie conference Bapcor reaffirmed its "trade focused" core business to log full year NPAT on guidance and a belief potential negative impacts of Amazon's entry into the Australian online market place "may be an opportunity".
Bapcor also said it would be "well-placed" to supply electronic car components when demand requires it – addressing further rumours of headwinds for the company when electric cars replace mechanical engines.
Another auto stock to watch at present is ARB Corporation Limited (ASX: ARB) with its overseas growth picking up pace.
