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Stock impact report

Advance Auto Parts: Balance Sheet Stress And Market Share Losses [Seeking Alpha]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
AAP's true leverage is materially higher than what is set forth in their latest earnings release; net debt/EBITDA is closer to 4.2x, not the reported 2.4x. Operating margins and same-store sales lag significantly behind peers AZO and ORLY, with no clear strategy to regain market share. Despite recent asset sales, persistent high leverage and weak execution undermine AAP's investment case. M. Suhail/iStock Editorial via Getty Images Advance Auto Parts ( AAP ) is trying to reinvent itself. Poor leadership and share losses to peers have caused a near 75% drop in the stock over the last five years, so now the company is This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in AAP over the next 72 hours. I wrote this article myself, and it expresses my own opin Show less Read more
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