Advance Auto Parts: Can The New Management Deliver? [Seeking Alpha]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
Company Research
Source: Seeking Alpha
AAP's growth has been cyclical, with recent decline in revenue and profit margins. The potential upside is attractive if AAP's new management team successfully turns the business around, but caution is advised due to execution risk. Summary Advance Auto Parts ( NYSE: AAP ) is an aftermarket parts provider in the US and serves both the commercial and DIY markets. AAP stores offer a selection of brand-name, OEM, and private-label replacement parts, accessories, batteries, and maintenance items for light and heavy-duty vehicles. I want to make it clear that this is a turnaround situation, and to all turnaround situations, it hinges on management's ability to execute the turnaround. For the benefit of readers that are not familiar with how to assess a turnaround situation, there are two key things to bear in mind: (1) is the potential upside worth the risk and (2) does management have the skill set to pull this through. In my valuation section, I talk about (1) and in my comments
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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
- 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
- Bayer's Consumer Health Division Announces Changes to North America Leadership Team [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