|Bid||116.11 x 800|
|Ask||120.50 x 1000|
|Day's Range||118.21 - 119.86|
|52 Week Range||78.81 - 151.35|
|PE Ratio (TTM)||18.43|
|Forward Dividend & Yield||0.24 (0.23%)|
|1y Target Est||N/A|
Previously, we looked at how America’s three major auto part retailers have outperformed the broader market in May 2018 so far. These companies included AutoZone (AZO), O’Reilly Automotive (ORLY), and Advanced Auto Parts (AAP). However, AutoZone was still trading in negative territory on a year-to-date basis. Weakness in the company’s sales growth and mixed profit margins could be two of the primary reasons for investors’ pessimism.
Advance Auto Parts' (AAP) Q1 earnings might beat estimates due to increased winter-related demand in key regions. Also, the company's growing presence is expected to help.
According to the latest consensus compiled by Reuters, 54.0% of analysts covering Advance Auto Parts (AAP) gave its stock “buy” ratings. Another 38.0% of these analysts were recommending a “hold” while the remaining 8.0% analysts suggested a “sell.” These views were based on the consensus of 24 analysts covering the company.
In the last few quarters, Advance Auto Parts’ profitability has fallen due to increased expenses in planned efforts to optimize inventory levels. In the fourth quarter of 2017, AAP reported a gross profit of $874.0 million, down 3.7% compared to $908.0 million reported in the same quarter of 2016.
Now, let’s take a look what Wall Street analysts expect for the company’s first-quarter revenues. In the first quarter, analysts expect the existing trend in Advance Auto Parts’ revenues to marginally improve.
In the fourth quarter of 2017, Advance Auto Parts (AAP) reported adjusted earnings per share) of $0.77. This reflected a decline of ~23.0% from the company’s adjusted EPS of $1.00 in the fourth quarter of 2016.
Advance Auto Parts (AAP), one of the top three US auto parts retailers by market capitalization, is set to release its first-quarter earnings on May 22. Before we explore Wall Street analysts’ estimates for the company’s upcoming earnings, let’s take a quick look at its recent stock price movement.
According to Thomson Reuters, of the 25 analysts covering O’Reilly Automotive (ORLY), 64% have recommended “buy,” and 36% have recommended “hold.” There were no “sell” recommendations.
O’Reilly Automotive (ORLY) generates revenue by selling auto parts, accessories, and tools in the United States. The company provides these components and tools to do-it-yourself customers and companies offering professional installation services.
O’Reilly Automotive (ORLY), one of the biggest US auto part retailers, released its fiscal 1Q18 results on April 25. In the quarter, the company’s diluted EPS (earnings per share) rose ~27.6% to $3.61 from $2.83 in fiscal 1Q17, beating analysts’ estimate of $3.59. Let’s look at how the market reacted to ORLY’s 1Q18 results.
Raleigh-based executives at Advance Auto Parts saw big paydays for 2017 – including its just-resigned CFO, Tom Okray.
According to Reuters, of the analysts covering AutoZone (AZO), O’Reilly Automotive (ORLY), and Advance Auto Parts (AAP) on April 11, 2018, ~44%, ~68%, and ~44% recommended “buy,” respectively, and 52%, 44%, and 32% recommended “hold.” Interestingly, 4% and 12% of analysts recommended “sell” for AZO and AAP, and there were no “sell” recommendations for O’Reilly.
O’Reilly Automotive (ORLY), Advance Auto Parts (AAP), and AutoZone (AZO) are the three largest US auto part retailers. Their stocks have reached record highs three years ago. However, in 2017, these companies largely struggled due to dropping sales growth, which hurt their stocks. In April 2018, this weakness has continued, partly due to broader market weakness and a weak industry outlook. Let’s take a closer look.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 8. Over the last one-month, outflows of investor capital in ETFs holding AAP totaled $15.79 billion.
The Raleigh-based chief finance officer of Advance Auto Parts has resigned to be the top finance exec at a Fortune 500 industrial supply company, W. W. Grainger.
I am going to run you through how I calculated the intrinsic value of Advance Auto Parts Inc (NYSE:AAP) using the discounted cash flow (DCF) method. Anyone interested in learningRead More...
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