Advance Auto Parts to add three board members as activist investors take stake [Reuters]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Reuters
Point Management took positions in the automotive afterparts provider, the company said. The company will add executives with automotive supply chain and merchandising expertise to sit on its board which currently has nine members. The board refreshment comes only six months after the company picked Shane O'Kelly, a former U.S. Army captain who had held senior roles at Home Depot (HD.N) , opens new tab , to replace Tom Greco as chief executive. Armed with a mandate to turn the company around, O'Kelly arrived in September after Advance Auto Parts' stock tumbled last year and around the time S&P Global Ratings downgraded its debt to "junk." The company's financial performance and stock price also lagged behind rivals AutoZone (AZO.N) , opens new tab and O'Reilly Automotive (ORLY.O) , opens new tab As part of the turnaround plan, Advance Auto Parts is in the process of trying to sell Worldpac, the wholesale distributor of original equipment automotive parts it acquired in 2014 wh
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News
- Advance Auto Parts Offers Race Fans Once-in-a-Lifetime Trip to Attend Indianapolis 500, Coca-Cola 600 [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts Offers Race Fans Once-in-a-Lifetime Trip to Attend Indianapolis 500, Coca-Cola 600Business Wire
- Third Point's Dan Loeb adds to its investment in Advance Auto Parts [Seeking Alpha]Seeking Alpha
- Baum Family Investments Embarks on Triple Net Lease Strategy with $250 Million Acquisition GoalPR Newswire
- Advance Auto Parts, Inc. (NYSE: AAP) had its price target lowered by analysts at Evercore ISI from $82.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
AAP
Earnings
- 2/28/24 - Miss
AAP
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- AAP's page on the SEC website