AutoZone: Solid Parts, But Valuation Needs A Tune-Up [Seeking Alpha]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
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Company Research
Source: Seeking Alpha
The company has favorable industry tailwinds and a wide moat that is difficult for competitors to replicate. While AutoZone has a long runway for growth, its current valuation is expensive and lacks a sufficient margin of safety. In our view, AutoZone ( NYSE: AZO ) is a high-quality retailer with a strong competitive position in the automotive aftermarket industry. The company has exhibited solid growth, high returns on capital, and intelligent capital allocation over many years. However, at its current valuation, we believe the stock lacks a sufficient margin of safety to warrant a Buy rating. Our key points: AutoZone's business is supported by favorable industry tailwinds such as increasing miles driven and an aging vehicle fleet. The company is also well-positioned to gain share in the attractive DIFM (Do-It-For-Me) segment. AutoZone has built a wide moat through its extensive store footprint, superior customer service, strong brand, and best-in-class parts availabilit
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High impacting Advance Auto Parts Inc. news events
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AAP
News
- 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
- Third Point, Saddle Point win board seats at Advance Auto Parts. A plan to improve margins may unfold [CNBC]CNBC
- Advance Auto Parts: Can The New Management Deliver? [Seeking Alpha]Seeking Alpha
- Automotive Aftermarket Private Label Programs in North America, Europe and Asia 2024-2030: Suppliers and Distributors Likely to Transition to New Business Models with a Digital-first Strategy [Yahoo! Finance]Yahoo! Finance
AAP
Earnings
- 2/28/24 - Miss
AAP
Sec Filings
- 4/8/24 - Form DEF
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form ARS
- AAP's page on the SEC website