Why Autozone, Advance Auto Parts, and Home Depot Stocks Dropped on Friday [The Motley Fool]
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
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Source: The Motley Fool
What happened Shares of car replacement-parts retailers AutoZone ( NYSE:AZO Advance Auto Parts NYSE:AAP home- Home Depot NYSE:HD What do auto parts have to do with home parts? There's actually a very clear answer: All three of these stocks got hit by downgrades to their target prices at investment bank Nomura Instinet. Image source: Getty Images. So what But here's the really curious thing: Nomura actually cut its price targets for AutoZone (now $,090 a share, down from $,00), for Advance Auto Parts ($, down from $0), and for Home Depot ($0, down from $) yesterday. Despite this, shares of AutoZone and Home Depot stocks both rose in Thursday trading, and even Advance Auto Parts only took a small hit, falling .%. Now what I suppose there could be any number of explanations why that happened. But given how markets have been behaving lately -- with stocks rising en masse one day only to turn tail and retreat en masse on the next day -- my guess is that AutoZone and Home Depot stocks rose
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News
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Los Angeles Times (CA)]Los Angeles Times
- More layoffs hit freight-related companies across US [Yahoo! Finance]Yahoo! Finance
- Bay Area stores among Advance Auto Parts closures: WARN notices [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts issues 'employee separations,' distribution center to close March 2025 [Yahoo! Finance]Yahoo! Finance
AAP
Earnings
- 11/14/24 - Miss
AAP
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- 11/14/24 - Form 10-Q
- AAP's page on the SEC website