Advance Auto Parts Inc is a leading retailer of automotive replacement parts, accessories, and maintenance products. Catering to both professional installers and do-it-yourself customers, the company offers an extensive selection of automotive merchandise, including batteries, brakes, filters, and lighting products. With a strong focus on customer service, Advance Auto Parts operates stores across the United States and Canada, providing expert advice and support to help customers maintain and repair their vehicles. Additionally, the company emphasizes the integration of online and in-store shopping experiences to enhance customer convenience.
Advance Auto Parts has gotten torched over the last six months - since June 2024, its stock price has dropped 30.7% to $44.30 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
In this presentation I discussed “Turnaround Tom’s Top Picks for 2025.” The problem with the presentation is it’s like asking “which is your favorite child?” There is no answer as you love them all equally.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at auto parts retailer stocks, starting with Advance Auto Parts (NYSE:AAP).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how auto parts retailer stocks fared in Q3, starting with O'Reilly (NASDAQ:ORLY).
It will not be an easy or sure path, but with solvency risk off the table (following the sale of WorldPac) and a sensible “shrink to grow strategy” – coupled with demand tailwinds, this could be another major “Turnaround Tom” special in coming years.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the auto parts retailer industry, including Genuine Parts (NYSE:GPC) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the auto parts retailer industry, including AutoZone (NYSE:AZO) and its peers.
Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 21% year on year to $2.15 billion. The company’s full-year revenue guidance of $9 billion at the midpoint came in 7.2% below analysts’ estimates. Its non-GAAP loss of $0.04 per share was significantly below analysts’ consensus estimates.
Advance Auto Parts, Inc. reported a slight decrease in net sales to $2.1 billion in the third quarter of fiscal 2024, with a 2.3% decline in comparable store sales.
U.S. stocks could open on a tentative note on Thursday after the averages scaled record highs last week. Futures of all three major indices were slightly up as investors processed the crucial Consumer Price Index (CPI) data released on Wednesday.
Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) will be announcing earnings results tomorrow before market hours. Here’s what to expect.
