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 ...