Latest news with #AdvanceAutoParts
Yahoo
8 hours ago
- Automotive
- Yahoo
Why Advance Auto Parts (AAP) Shares Are Sliding Today
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 3% in the afternoon session after a broader market downturn as former President Trump announced potential 30% tariffs on goods from the European Union and Mexico. The announcement has sparked concerns of a renewed trade war, leading to widespread investor anxiety and a sell-off in the broader market. For a retailer like Advance Auto Parts, which sources products through a global supply chain, the prospect of new tariffs is particularly concerning. Tariffs, which are taxes on imported goods, can lead to higher costs for the company. These increased costs could either be absorbed, squeezing profit margins, or passed on to consumers through higher prices, which could potentially dampen demand for its products. The uncertainty surrounding future trade policies is weighing on investor sentiment for companies with significant international supply chains. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Advance Auto Parts? Access our full analysis report here, it's free. Advance Auto Parts's shares are extremely volatile and have had 32 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Advance Auto Parts is up 28.4% since the beginning of the year, and at $61.79 per share, it is trading close to its 52-week high of $64.44 from July 2024. Investors who bought $1,000 worth of Advance Auto Parts's shares 5 years ago would now be looking at an investment worth $445.91. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
04-07-2025
- Automotive
- Yahoo
Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Advance Auto Parts (AAP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Advance Auto Parts is a member of the Retail-Wholesale sector. This group includes 204 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Advance Auto Parts is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for AAP's full-year earnings has moved 19.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, AAP has moved about 9.2% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 5.2% on average. This means that Advance Auto Parts is outperforming the sector as a whole this year. Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Cracker Barrel Old Country Store (CBRL). The stock has returned 26.5% year-to-date. In Cracker Barrel Old Country Store's case, the consensus EPS estimate for the current year increased 11.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Advance Auto Parts belongs to the Automotive - Retail and Wholesale - Parts industry, which includes 7 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 13.3% this year, meaning that AAP is slightly underperforming its industry in terms of year-to-date returns. On the other hand, Cracker Barrel Old Country Store belongs to the Retail - Restaurants industry. This 39-stock industry is currently ranked #92. The industry has moved +2.3% year to date. Advance Auto Parts and Cracker Barrel Old Country Store could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Automotive
- Yahoo
Why Advance Auto Parts Stock Trounced the Market on Thursday
The company benefited from a pre-market open price target raise. That didn't exactly make the analyst behind it an Advance bull, however. 10 stocks we like better than Advance Auto Parts › Investors were assertively stepping on the gas pedal with Advance Auto Parts (NYSE: AAP) on Thursday. The stock closed more than 5% higher as of the 1 p.m. ET early market close for the Fourth of July holiday, a figure that was well higher than the S&P 500's (SNPINDEX: ^GSPC) 0.8% increase. An analyst price target raise had much to do with Advance's advance. Well before market open that day, Mizuho prognosticator David Bellinger upped his fair-value assessment of Advance's stock. His new level is $44 per share, up notably from the preceding $38. Despite the fairly generous bump, Bellinger maintained his neutral recommendation on the auto parts retailer. The analyst's modification was due largely to the company's first-quarter performance, according to reports. On the back of Advance delivering headline fundamentals that were significantly better than the consensus pundit estimates, Bellinger raised his own for full-year 2025 and 2026. For the former period, he now feels that the company will earn $2.34 per share on the bottom line, where previously he had been modeling $2.18. As for 2026, he upped his profitability estimate to $4.00 from $3.75. Bellinger also devoted some words in his new Advance note to intimating why he left his neutral recommendation unchanged. He thinks that the company will continue to have challenges implementing its current turnaround plan. Many retailers, in his estimation, are facing similar difficulties. While there was something to admire in Advance's first-quarter earnings beat, I'd agree with the Mizuho analyst that retail is a tough game these days. I also don't believe we'll see sudden spikes in car sales, a dynamic that tends to inject some turbo into the performance of parts retailers like Advance. Therefore, I wouldn't jump in to this particular ride just now. Before you buy stock in Advance Auto Parts, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advance Auto Parts wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Advance Auto Parts Stock Trounced the Market on Thursday was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
26-06-2025
- Automotive
- Yahoo
Why Shares in Advanced Auto Parts Crashed Today
A heavyweight Wall Street company gave a sell recommendation on the stock. It's a busy year for Advance Auto Parts, and it has a lot to prove after years of underperforming for investors. 10 stocks we like better than Advance Auto Parts › Shares in auto parts retailer Advance Auto Parts (NYSE: AAP) were lower by more than 8% as of 11 a.m. today. The move came after Goldman Sachs downgraded the stock from neutral to a sell, amid concerns that it was losing market share to competitors. In addition, the Goldman Sachs analyst believes the current valuation relies on a margin recovery, which might not occur in the current environment. It's hard enough for a Wall Street analyst to refrain from issuing a buy recommendation, so when a heavyweight like Goldman Sachs issues a sell rating, it has a significant impact. The analyst's channel checks suggest that Advance Auto may be losing market share and experiencing margin pressure, a more significant concern than the company's current valuation. After all, if management can turn around the company's lackluster performance, then the earnings recovery can be dramatic. Still, this is a company that's been in turnaround mode for over a decade, so a certain amount of skepticism is warranted. It's also a complicated trading environment. While management completed its store optimization program in March, it's still closing distribution centers, with a target to close 12 this year and end the year with 16, followed by the closure of another four next year. Given the importance of logistics and ensuring in-store parts availability in this industry, it wouldn't be surprising if the company encounters some headwinds. The only way the company can silence the doubters is by delivering on its guidance in 2025. If you believe the company is finally in turnaround mode, then today is a buying opportunity. However, cautious investors will look for at least a few quarters of evidence before drawing any conclusions worth acting on. Before you buy stock in Advance Auto Parts, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advance Auto Parts wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $676,023!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,692!* Now, it's worth noting Stock Advisor's total average return is 793% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy. Why Shares in Advanced Auto Parts Crashed Today was originally published by The Motley Fool
Business Insider
25-06-2025
- Automotive
- Business Insider
Evercore ISI Remains a Hold on Advance Auto Parts (AAP)
In a report released yesterday, Greg Melich from Evercore ISI maintained a Hold rating on Advance Auto Parts (AAP – Research Report), with a price target of $52.00. The company's shares closed yesterday at $48.26. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Melich is a 5-star analyst with an average return of 11.4% and a 65.98% success rate. Melich covers the Consumer Cyclical sector, focusing on stocks such as Costco, Home Depot, and Advance Auto Parts. Currently, the analyst consensus on Advance Auto Parts is a Hold with an average price target of $47.27, a -2.05% downside from current levels. In a report released on June 18, Guggenheim also reiterated a Hold rating on the stock with a $0.00 price target. The company has a one-year high of $65.19 and a one-year low of $28.89. Currently, Advance Auto Parts has an average volume of 2.95M. Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Jason Hand, the SVP, U.S. Stores of AAP sold 948.00 shares for a total of $45,987.48.
