Advance Auto Parts: Margin Expansion To Drive Value [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:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
Company Research
Source: Seeking Alpha
Summary Advance Auto Parts ( AAP ) has always lagged behind automotive parts retailers AutoZone ( AZO ) and O’Reilly Automotive ( ORLY ), in terms of performance metrics. The company’s net margin is much lower than peers, although many investors see this gap as potential for higher margins. Management addressed the margin gap between AAP and peers, noting that roughly two-thirds of the gap is addressable. Source With shares currently trading at a premium to peers, we believe that upside from margin expansion is baked into the share price. However, we see the potential only partially baked in, with bottom-line growth outperforming investor expectations. As earnings grow, and margins gravitate towards the industry norm, we see the multiple contracting - yet earnings growth would more than offset this. We forecast an EPS of over $10 at some point down the line, excluding any share buybacks. Applying the industry average of 18.6x earnings, we derive a PT of $1
Show less
Read more
Impact Snapshot
Event Time:
AAP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AAP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AAP alerts
High impacting Advance Auto Parts Inc. news events
Weekly update
A roundup of the hottest topics
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