|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||100.17 - 101.72|
|52 Week Range||78.81 - 177.50|
|PE Ratio (TTM)||21.14|
|Earnings Date||Feb 20, 2018 - Feb 23, 2018|
|Forward Dividend & Yield||0.24 (0.24%)|
|1y Target Est||109.17|
Advance Auto Parts (AAP) reported earnings about a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
O’Reilly Automotive (ORLY), AutoZone (AZO), and Advance Auto Parts (AAP) have all touched new record highs over the past couple of years.
Dallas-based Interstate Batteries announced a partnership with Advance Auto Parts (AAP) that will put its product in nearly 4,900 of the retailer's stores, the two companies announced today. "Interstate Batteries’ long-term vision is to be the first choice in sustainable battery solutions in every community we serve," Scott Miller, president and chief executive officer of Interstate Batteries, said in a prepared statement. Interstate Batteries will become the exclusive automotive and specialty battery brand to Advance Auto Parts in the spring 2018.
Advanced Auto Parts could rally 20% from Monday's close, according to analysts at Morgan Stanley. Jim Cramer agrees that there's more upside.
Advance Auto Parts, Inc. and Interstate Batteries announce a strategic partnership to better serve the changing needs of the automotive aftermarket with premium quality products, expanded availability and enhanced customer service.
Jim Cramer tracked the recent weakness in three auto parts stocks and argued that the market overreacted to their shortfalls.
As of December 5, AutoZone's forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple was 9.8x.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on November 14. Index (PMI) data, output in the Consumer Services sector is rising.
AutoZone, Inc. (NYSE:AZO) beat high expectations going into earnings. Given the recent stock price increase and finance-related issues, current investors should treat this run-up in AZO stock as an opportunity to take profits. To be sure, this earnings report has provided some welcome relief.
It was a quiet afternoon, but several companies still made headlines, including Advance Auto Parts, Inc. (NYSE:AAP), Coupa Software Inc (NASDAQ:COUP) and Under Armour Inc (NYSE:UAA). Advance Auto Parts fell slightly after hours before recovering slightly. AAP stock eventually recovered, trading flat after hours.
These names are showing technical characteristics of either bullish or bearish reversal patterns.
Over the short-term, we expect the news to carry stocks higher except for some of the technology sectors. Today’s Three Big Stock Charts looks at Bank of America Corp (NYSE:BAC), Bristol-Myers Squibb Co (NYSE:BMY) and Advance Auto Parts, Inc. (NYSE:AAP). All three of the companies are breking into volatility rallies that should carry them higher into the New Year. Bank of America shares are flashing signs that the intermediate-term trend is ready to carry shares higher as the stock heads into the seasonally strong year-end trade. Shares of Bank of America bounced from their 50-day moving average twice in as many weeks, showing the strength of this trendline.
Broad markets still are setting all-time highs as the earnings focus has turned to the consumer space. Black Friday sales looked solid, but the real test for brick-and-mortar retailers will come as the key holiday season rolls on.
After rising for two consecutive trading weeks, Advance Auto Parts started this week on a stronger note and rose to ten-week high price levels.
As of November 21, 2017, O’Reilly Automotive stock has risen 2.2% on an MTD (month-to-date) basis. AutoZone and Advance Auto Parts also seem to be on the path to recovery.
With the S&P 500 up 16% year-to-date, it’s getting harder to find those down-and-out names like General Electric Company (NYSE:GE) — down 42% on the year — that just can’t seem to get their act together. Is the plan good enough to get me to name GE one of my nine stocks to buy on the dip? It seems like only yesterday that former Foot Locker, Inc. (NYSE:FL) CEO Ken Hicks was talking about the turnaround he’d successfully executed over the course of three years between 2009 and 2012.
About 62%, 44%, and 48% of analysts have given “buy” recommendations for O’Reilly Automotive (ORLY), AutoZone (AZO), and Advance Auto Parts (AAP), respectively.
The following stocks and technicals were mentioned on Tuesday's edition of PreMarket Prep , a daily trading ideas show hosted by Technical Analyst Joel Elconin and Prop Trader Dennis Dick. You can listen ...