Auto part retailers are best positioned for retail earnings, says Oppenheimer's Brian Nagel

Tariff Impact & Retail Pricing - Oppenheimer developed a tracker showing retail prices are climbing, though still subdued [3] - Companies' commentary suggests prices will continue to climb [3] - Consumers are aware of tariffs and potential price increases, leading to earlier purchases [6][7] Retailer Positioning & Strategies - Auto parts retailers are well-positioned due to pricing power and limited price transparency, with AutoZone selectively raising prices [4] - Home improvement retailers like Home Depot and Lowe's have pricing power and are expected to selectively raise prices, potentially benefiting their businesses [4] Consumer Behavior - Consumers are buying products sooner than they normally would, anticipating higher prices due to tariffs [7]