The auto parts retailer is, yet again, in turnaround mode.Shares in auto parts retailer Advance Auto Parts (AAP -3.24%) slumped by 28.5% in August, according to data provided by S&P Global Market Intelligence. The move comes after a disappointing second-quarter earnings report and a slew of analyst downgrades.Advance Auto Parts' problems continueNine years ago, renowned activist investor Starboard Value laid out the value case for Advance Auto Parts. It was made based on classic value investor principles. F ...

Luis Alvarez Investment Summary My recommendation for Advance Auto Parts, Inc. (NYSE:AAP) is a hold rating. The sale of Worldpac is good news to shareholders; however, I believe the stock is going to remain trading at a discount relative to peers given the relative gap in EBIT margin over the medium term. Business Overview AAP is an aftermarket parts provider for the automotive industry. Such replacement parts include exhaust, fuel systems, transmission, drivetrain, etc. As of 2Q24, the business has 4,776 s ...

When investors face the current volatility and uncertainty in the stock market, it might be hard to keep a cool head and stay away from the sell button. However, this is precisely when they should scour the market for better opportunities and deals. Keeping the fundamentals front and center will always help performance, especially when everyone gets scared.Three stocks stand out to reassure investors of good discounts on companies with solid fundamentals, even after the nontraditional leader, NVIDIA Co. NAS ...

Back in March 2024 – at the very end of the first quarter (Q1) of 2024 – Advance Auto Parts (NYSE: AAP) appeared to be one of the best holdings in the portfolio of ‘The Big Short’ investor Michael Burry.At that time, AAP shares were up 36% in the year-to-date (YTD) chart and had made approximately $3 million for the famous trader. By press time on August 28, things had changed significantly as the automotive aftermarket parts provider’s stock retraced almost 50% through Q2 and the first two months of Q3 of ...

Shares of Advance Auto Parts (AAP) tumbled 20.6% in the last two trading sessions after it delivered dismal second-quarter results on Aug 22, before the opening bell. The stock closed at $49.15 on Friday, just 3% above its 52-week low of $47.73. At this juncture, investors must be wondering if it’s the right time to buy the stock given the dip.Now, this auto retail parts company has been suffering from quite some time. It missed earnings estimates in each of the trailing four quarters, with the average nega ...

Advance Auto Parts, Inc. (AAP) is struggling in a challenging retail environment. This Zacks Rank #5 (Strong Sell) recently missed on earnings for the 6th quarter in a row.Advance Auto Parks is an automotive aftermarket parts providers that serves both professional installers and do-it-yourself (DIY) customers.As of July 13, 2024, Advance Auto Parks operated 4,776 stores and 321 Worldpac branches mostly in the United States but with additional locations in Canada, Puerto Rico, and the US Virgin Islands. It ...

Advance Auto Parts, Inc. (AAP) reported adjusted earnings of 75 cents per share for the second quarter of 2024, which missed the Zacks Consensus Estimate of 97 cents. The company reported an adjusted earnings per share (EPS) of $1.43 in the year-ago quarter.Advance Auto generated net revenues of $2.68 billion, which marginally beat the Zacks Consensus Estimate of $2.67 billion on higher-than-expected comparable store sales. Comparable store sales increased 0.4% year over year. We projected a decline of 0.1% ...

Advance Auto Parts Inc. AAP reported weak second-quarter earnings and slashed FY24 outlook on Thursday.The company reported earnings per share of 75 cents, missing the street view of $1.07. Quarterly sales of $2.683 billion beat the street view of $2.679 billion.Advance Auto Parts revised its FY24 outlook, lowering its earnings per share forecast to $2.00 – $2.50 from the previous range of $3.75 – $4.25, which contrasts with the $3.63 estimate. Additionally, the company adjusted its sales projection to $11. ...

The auto parts retailer delivered another disappointing set of earnings.Automotive parts retailer Advance Auto Parts' (AAP -17.47%) CEO Shane O'Kelly has his work cut out for him. The stock's 17.8% decline in the week to Friday morning is the latest disappointment for a stock down 62% over the last decade compared to a 490% rise at AutoZone and a 625% increase at O'Reilly Automotive over the same period.Advance Auto Parts's second-quarter earningsAs previously noted, second-quarter earnings saw a severe con ...

文章核心观点 - 公司第二季度业绩低于预期,并下调全年指引 [1] - 公司宣布以15亿美元出售其批发分销业务 [4] - 公司CEO表示面临"需求环境具有挑战性" [3] 公司业绩 - 公司第二季度每股摊薄收益为0.75美元,低于去年同期的1.32美元,也低于分析师预期的0.92美元 [1] - 公司第二季度销售额约26.8亿美元,略高于预期 [1] - 公司下调全年收入指引至115亿-112.5亿美元,每股摊薄收益预期为2-2.5美元,均低于分析师预期 [1] - 公司股价下跌最多22%,创去年10月以来新低 [1] 业务调整 - 公司宣布以15亿美元出售其批发分销业务Worldpac,买家为凯雷集团管理的基金 [4] - 公司表示此次出售有助于集中精力改善核心零售业务 [4] - 公司表示交易所得将提供更大的财务灵活性,以支持战略和运营审查 [4] 行业环境 - 公司CEO表示面临"需求环境具有挑战性" [3] - 公司CFO表示消费者持续受到不确定的宏观经济环境的影响 [3] - 但公司仍有信心,因为市场上有大量老旧车辆,汽车维修支出不属于可选支出 [3]