|Bid||20.01 x N/A|
|Ask||22.41 x N/A|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||10.08|
|Forward Dividend & Yield||1.99 (8.61%)|
|Ex-Dividend Date||Apr 13, 2023|
|1y Target Est||N/A|
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Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. Not only did Advance report results below expectations, but management also cut its full-year guidance, and the board of directors slashed the quarterly dividend from $1.50 to $0.25. After reporting a 0.4% decrease in comparable-store sales in the first quarter, management now expects full-year compare store sales to be in the range of a 1% decline to flat in 2022, compared to prior guidance for growth of 1% to 3%.
Q1 2023 Advance Auto Parts Inc Earnings Call
U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional approval. But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.
The Yahoo Finance Live team breaks down some of the top moving stocks of the day. SoFi shares jumped on the debt deal moving through Congress. Under the terms of the deal, student loan repayments would restart, which would be good for SoFi's business. Advance Auto Parts shares plummeted more than 30% after slashing its guidance and dividend. Shares of both HP Inc. and Hewlett Packard Enterprise ended the day lower after the companies reported earnings that didn't meet investor expectations. Click here to see what HPE's CFO had to say about his company's results.
Advance Auto Parts plunged 35% after cutting the company cut its dividend and slashed its full year guidance.
The automotive aftermarket retailer's stock slumped in sympathy with a rival's horrible earnings report.
Advance Auto Parts continues to struggle amid higher costs and inflationary pressures, opening a door for its competitors.
Advance Auto's (AAP) Q1 earnings lags estimates, owing to a decline in comparable store sales and operating income. The company lowers its guidance for 2023.
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening.
Investing.com -- The Dow slipped Wednesday, pressured by a retail-led plunge in consumer stocks and weakness in tech just as investors eagerly await the outcome of a key vote on the debt-ceiling bill.
Advance Auto Parts has come to a screeching halt. The auto parts retailer reported a steep drop in its quarterly profit Wednesday after it was forced to slash prices to stay competitive and hold onto professional customers, such as auto repair shops. Advance Auto Parts’ disappointing numbers stick out like sore thumb in an industry that still [sees strong fundamentals](https://www.wsj.com/articles/auto-parts-growth-story-still-adds-up-c5a6471c).
Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.
Benzinga Advance Auto Parts Stock Gets Hammered After Q1 Earnings: Here’s Why Advance Auto Parts Inc (NYSE: AAP) shares are plunging Wednesday morning as its first-quarter results missed expectations. The company also reduced its full-year guidance and decided to reduce its quarterly dividend. AAP reported first-quarter FY23 sales growth of 1.3% year-on-year to $3.42 billion, missing the analyst consensus estimate of $3.43 billion. The revenue increase was driven by new store openings and was of
Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. Management had guided for operating margin improvements in 2023.
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
China Manufacturing PMI came in below expectations for May, and has sent crude oil prices down again.
This balance sheet needs a lot of work.
The Yahoo Finance Live team checks in on shares of Advance Auto Parts after the retailer reported a first quarter earnings that greatly missed analyst expectations.
The headline numbers for Advance Auto Parts (AAP) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Investing.com -- Stocks are falling on Wednesday as lawmakers prepared to vote on the debt ceiling deal. Here are the market movers for May 31.
The company also cut its full-year sales forecast and quarterly cash dividend. "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations," Chief Executive Officer Tom Greco said in a statement.
Advance Auto Parts (AAP) delivered earnings and revenue surprises of -72.31% and 0.27%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
The Zacks Consensus Estimate for Advance Auto's (AAP) Q1 earnings per share and revenues is pegged at $2.60 and $3.43 billion, respectively.
Advance Auto Parts (AAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.