|Bid||165.41 x 900|
|Ask||165.43 x 1000|
|Day's Range||163.41 - 167.82|
|52 Week Range||98.03 - 186.15|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||22.24|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.24 (0.14%)|
|1y Target Est||195.65|
Is Advance Auto Parts, Inc. (NYSE:AAP) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They sometimes fail miserably but historically their consensus stock picks outperformed the […]
DEEP DIVE Considering how much coverage there has been of the strengthening U.S. economy, demand for workers and a massive tax cut that has boosted corporate earnings, 2018 has been a disappointing year for the stock market overall.
Now that Amazon’s rejection of the Triangle for HQ2 is settling in, expect more economic development announcements, says a site selection specialist.
In the first quarter of fiscal 2019, AutoZone’s gross profit was $1.42 billion, ~3.8% higher than $1.36 billion in the first quarter of 2018. With this, the company’s gross margin came in at 53.7%, higher than 52.8% a year ago and 53.6% in the fourth quarter of fiscal 2018. AutoZone’s fiscal 2019 first-quarter adjusted net profit stood at $351 million, up 25.1% YoY (year-over-year), with a strong net profit margin of 13.3%.
In the previous article, we looked at how AutoZone (AZO) launched next-day delivery in 80 markets in the United States. In the first quarter of fiscal 2019, AutoZone had commercial programs in 4,766 stores in its home market, reflecting a 3.1% rise from 4,622 in the first quarter of fiscal 2018. The company opened 149 new commercial programs in fiscal 2018, slightly lower than AutoZone’s original plan to open ~150 new programs.
AutoZone’s (AZO) performance is mainly divided into two business segments: DIY (do it yourself), or Retail, and DIFM (do it for me), or Commercial. The DIY segment targets retail customers and yields higher margins than DIFM. For AutoZone, DIY is a major business segment, and it’s focused on the sale of auto parts to customers without the provision of a mechanic’s assistance to fit or change those parts.
Customer platform makes it easier for automotive aftermarket professionals to run their business from a single screen
The waning popularity of small passenger cars, despite the rising demand for crossovers, sports utility vehicles and trucks, is the major reason behind the decline in auto sales during November.
Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Causeway Global Value boasts a well-resourced team and disciplined approach. Sarah Ketterer and Harry Hartford have led this fund since its 2008 inception, and they've executed the approach through a separate account--Causeway Global Value Equity--since 2001.
Pledging the highest average target salaries seen in a Triangle announcement this year, Advance Auto Parts is preparing to hire, hire, hire.
O’Reilly Automotive (ORLY) stock has risen 11.9% month-to-date, while AutoZone (AZO) has risen 13.7% and Advance Auto Parts (AAP) has risen ~12.0%. Meanwhile, the S&P 500 has fallen 1.1%. A broader market sell-off took a toll on auto part stocks in October, with O’Reilly, AutoZone, and Advance Auto Parts falling 7.7%, 5.4%, and 2.6%, respectively.
In an increasingly anachronistic industry, AutoZone (NYSE:AZO) has managed to stay relevant. Since Oct. 1, and just prior to its first-quarter fiscal 2019 earnings report, AZO stock gained slightly more than 6%. Despite massive changes in the automotive landscape, the auto-parts retailer has consistently offered value for shareholders.
America’s top auto parts retailer (XLY) by store count, AutoZone (AZO), has released its results for the first quarter of fiscal 2019 (the 12 weeks ended November 17, 2018). The company’s first-quarter adjusted earnings jumped 34.7% YoY (year-over-year) to $13.47 per share—better than analysts’ estimates of $12.21 per share. After the earnings release, the stock rallied. At 10:55 AM EST, AZO was up 7.3%. At the same time, O’Reilly Automotive (ORLY), Advance Auto Parts (AAP), and General Motors (GM) were trading up 1.7%, up 1.2%, and down 2.3%, respectively from their closing prices yesterday.
Of Reuters-surveyed analysts, about 50%, 71%, and 55% recommend “buy” for AutoZone (AZO), O’Reilly Automotive (ORLY), and Advance Auto Parts (AAP) stock, respectively, while 45%, 29%, and 45% recommend “hold.” Only AutoZone received “sell” recommendations, from 5% of analysts.
When asked Wednesday whether North Carolina's legislative priorities could negatively impact the state's chances of luring some of the biggest companies in the tech industry, Gov. Roy Cooper was vague. Sources have said Apple, currently eyeing the state for a sizable expansion, has been paying attention to what’s happening on Jones Street – including the controversial voter ID bill, whose critics say makes it harder for people – particularly minorities – to vote in North Carolina elections. “I don’t think those kinds of things help,” Cooper said when asked about ramifications for corporate recruitment, shortly after he announced Advance Auto Parts’ selection of Raleigh for its new headquarters.
When we talked to Advance Auto Parts CEO Tom Greco a couple years ago, he was very cautious in answering the question about AAP moving its headquarters from Virginia. While we thought this may happen for a while, the announcement could not have come at a better time for the Triangle.
In order to hire employees with knowledge on data analytics and internet commerce, Advance Auto (AAP) shifts head office to North Carolina.
Advance Auto Parts’ decision to relocate its headquarters to Raleigh came down to talent, Tom Greco, CEO, told reporters Wednesday.
NEW YORK, Nov. 29, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
RALEIGH, N.C. (AP) — Advance Auto Parts Inc. is moving its headquarters from the Virginia city that was its home for nearly 90 years to North Carolina's tech-heavy capital city, the company announced Wednesday.