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Advance Auto Parts (AAP) Worth Watching: Stock Adds 16.6% in Session

Zacks Equity Research

Advance Auto Parts Inc. (AAP) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. The move came on solid volume too with far more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock has gained more than 20% in the past one-month time frame.

The company has seen no estimate revision in the past 2 months. Besides, its earnings consensus has remained stagnant over the same time frame. However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.

AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing retail/wholesale stocks include Asbury Automotive Group, Inc. (ABG), hhgregg, Inc. (HGG) and CarMax Inc. (KMX). While Asbury Automotive and hhgregg hold a Zacks Rank #1 (Strong Buy), CarMax carries a Zacks Rank #2 (Buy).

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