|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||159.01 - 160.16|
|52 Week Range||78.81 - 160.63|
|PE Ratio (TTM)||23.49|
|Earnings Date||Nov 12, 2018 - Nov 16, 2018|
|Forward Dividend & Yield||0.24 (0.16%)|
|1y Target Est||159.41|
According to the latest data compiled by Reuters, 54% of the analysts covering Advance Auto Parts (AAP) recommended a “buy,” 38% recommended a “hold,” and 8% recommended a “sell.”
Valuation multiples are commonly used in the automotive and auto industry to compare different businesses entities. We can only use valuation multiples to compare companies that are similar in nature in terms of size or financials.
In the last few quarters, the auto parts retail industry struggled due to weak demand. Earlier this year, Advance Auto Parts’ (AAP) management suggested that the weakness is temporary. The long-term growth shouldn’t be impacted by the weakness. In the second quarter, Advance Auto Parts’ strong results boosted investors’ confidence and raised their hopes about the auto parts retail industry’s future growth prospects. In this part, we’ll discuss what analysts think about Advance Auto Parts’ growth in the coming quarters.
Speaking to analysts this week after Advance Auto Parts reported a three percent increase in net sales for its second quarter, its Raleigh-based CEO Tom Greco talked up the region.
In the previous part, we discussed Advance Auto Parts’ (AAP) second-quarter sales. In the second quarter, the company’s revenues and comp sales improved significantly. Now, we’ll discuss Advance Auto Parts’ margins in the second quarter.
Advance Auto Parts (AAP) generates its revenues by selling auto parts and accessories mainly in the United States, Puerto Rico, Canada, and the US Virgin Islands. The company provides auto parts to DIY (do-it-yourself) customers and offers professional installation services.
Advance Auto Parts (AAP), the second-largest US auto parts retailer in 2017 by sales, released its second fiscal quarter earnings on August 14. The company’s second-quarter earnings cover the 16 weeks that ended on July 14. Advance Auto Parts’ adjusted EPS for the quarter was $1.97—24.7% higher than the EPS of $1.58 in the same quarter of the previous year.
While Advance Auto Parts (AAP) reports earnings beat, Magna (MGA) registers an earnings miss. Westport Fuel (WPRT) reports Q2 loss.
The bearish case for Advance Auto Parts, Inc. (NYSE: AAP ) has come to an end after the company's second-quarter results came in better than expected, according to Citi. The Analyst Citi's Kate McShane ...
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / Advance Auto Parts delivered stellar second quarter results, pushing the stock to a brand new high. HyreCar Inc. also saw gains on its second quarter financial report as well as on the announcement that the company is expanding its unique car dealer focused ''path to ownership'' program. Advance Auto Parts, Inc. shares closed up 7.79% on almost 4.5 million shares yesterday.
Advance Auto Parts shares run up toward a 17-month high Tuesday, after the auto parts retailer beat second-quarter profit and sales expectations, raised its revenue outlook and announced a new share repurchase plan.
Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased fears of a broader financial contagion. Gains were widespread, and the S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks. The Turkish lira regained some ground a day after it plunged to an all-time low.
Stocks that moved substantially or added heavily on Tuesday: Tapestry Inc., up $5.70 to $53.16 The shoe and handbag maker had a stronger fourth quarter than analysts expected. Advance Auto Parts Inc., ...
Earnings news drove Home Depot and Advance Auto in early trade, as Amazon surged, China stocks took hard hits and the market looked to snap out of its two-day pullback.
The stock market showed mixed action early Tuesday. Top stock Nvidia advanced on its new graphics chip.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism. Gains were widespread as the S&P 500 and the Dow Jones Industrial Average looked set to end their four-day losing streaks. The Turkish lira recovered some ground after plunging to an all-time low on Monday as the country's central bank took steps to ease pressure on the currency.
The second-largest auto part retailer by 2017 sales, Advance Auto Parts (AAP) released its fiscal second-quarter earnings earlier today. AAP’s adjusted EPS rose ~25.0% YoY (year-over-year) to $1.97, beating Wall Street’s estimate of $1.86. After its solid quarterly performance, the company raised its 2018 guidance.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examplesRead More...
U.S. stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide. All 11 major S&P sectors were trading higher, with financials rising 0.63 pct.
During the second quarter of 2018, Advance Auto Parts reported earnings per share of $1.97. This is better than the company’s earnings per share of $1.58 from the same period of the year prior. It was also a boon to AAP stock by coming in above Wall Street’s earnings per share estimate of $1.86 for the quarter.