AutoZone, Inc. (NYSE:AZO) shares were trading more than 2% higher Wednesday afternoon following the company’s reported Q2 results, with EPS of $22.30 coming in better than the Street estimate of $17.79. Revenue was $3.4 billion, compared to the Street estimate of $3.17 billion.

Analysts at Oppenheimer provided their views on the company following the results. Overall, the analysts look very favorably upon indications of further strength in sales and earnings expansion. Further, the analysts believe that continued, above-trend performance lately reflects underlying improvements in the company’s business model and its ability to capitalize successfully upon historically strong demand trends within the auto parts sector.