Used car price bubble is about to burst [FOX Business Network]
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: FOX Business Network
Advance Auto Parts CEO and President Tom Greco weighs in on chip shortage and what it means for the auto industry. Soaring used vehicle prices are set for a correction, according to CarMax CEO William Nash. Conditions caused by COVID-19 boosted average used car prices by a couple thousand dollars and in some cases to above their original sticker prices Late-model used car prices are "bumping up against the new car" prices, Nash said on CarMax's first-quarter earnings call on Friday. "I think we are getting close to that inflection point." USED CAR PRICES HIT RECORD HIGH ON MANHEIM WHOLESALE INDEX Used car and truck prices in May surged 30% annually, boosted by a global chip shortage driving more customers into pre-owned vehicles and pent-up demand from consumers, many of whom had more cash to spend thanks to government stimulus measures. Rental car companies, which are typically sellers of used vehicles, have turned into buyers due to their need to restock fleets that wer
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
- Innova RepairSolutions2 App Now Available in Spanish [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts, Inc. (NYSE: AAP) had its price target raised by analysts at Evercore ISI from $74.00 to $83.00. They now have an "in-line" rating on the stock.MarketBeat
- ADVANCE AUTO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Advance Auto Parts, Inc. - AAPBusiness Wire
- Advance Auto Parts, Inc. (NYSE: AAP) is now covered by analysts at Mizuho. They set a "neutral" rating and a $78.00 price target on the stock.MarketBeat
- 'Predator's Ball' Stock Market (And Sentiment Results)... [Seeking Alpha]Seeking Alpha
AAP
Earnings
- 2/28/24 - Miss
AAP
Sec Filings
- 3/28/24 - Form PRE
- 3/28/24 - Form 4
- 3/22/24 - Form 4
- AAP's page on the SEC website