Here's Why You Should Offload Advance Auto From Your Portfolio [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
Company Research
Source: Yahoo! Finance
Let's see what makes this Zacks Rank #5 (Strong Sell) stock a risky bet. AAP's sales are impacted by planned store closures, which reduced net sales by about $700 million in the last 12 months. Pro-forma revenues for 2024 are expected to range from $8.2 billion to $8.4 billion, with a net sales reduction of $600-$800 million. The higher end assumes some sales will transfer to remaining stores, while the lower end accounts for challenges from realigning sales efforts due to the reduced store footprint. The company's DIY segment is facing pressure due to financial strain on consumers, leading to fewer discretionary purchases. While the automotive industry remains resilient because essential maintenance is unavoidable, the short-term challenges are reflected in weaker DIY sales trends. AAP is increasing its capital expenditure to support business growth, expand new stores, and enhance its supply chain and merchandising projects for better inventory availability. Investments will a
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AAP
News
- Bankruptcies Led Store Closure Announcements in 2024 [Yahoo! Finance]Yahoo! Finance
- These Return Metrics Don't Make Advance Auto Parts (NYSE:AAP) Look Too Strong [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts Appoints Michael Beland as Chief Accounting OfficerBusiness Wire
- Behind The Scenes Of A Successful NASCAR Race Entitlement Sponsorship [Forbes]Forbes
- Advance Auto Parts, Inc. (NYSE: AAP) is now covered by analysts at BMO Capital Markets. They set a "market perform" rating and a $45.00 price target on the stock.MarketBeat
AAP
Earnings
- 11/14/24 - Miss
AAP
Sec Filings
- 12/20/24 - Form 8-K
- 12/9/24 - Form SC
- 12/6/24 - Form 4
- AAP's page on the SEC website