Core Viewpoint - Advance Auto Parts (AAP) is experiencing a decline in stock price and is expected to report significantly lower earnings in the upcoming earnings release, indicating potential challenges ahead for the company [1][2]. Company Performance - The stock closed at $61.17, reflecting a -1.04% change from the previous trading day, which is less than the S&P 500's daily gain of 0.13% [1]. - Over the past month, shares of Advance Auto Parts have decreased by 6.46%, underperforming the Retail-Wholesale sector's gain of 4.57% and the S&P 500's gain of 2.99% [1]. Upcoming Earnings - The earnings report is expected on February 28, 2024, with analysts predicting earnings of $0.24 per share, representing a year-over-year decline of 91.67% [1]. - Revenue is estimated to be $2.47 billion, indicating a 0.2% decrease compared to the same quarter of the previous year [1]. Analyst Estimates - Recent changes to analyst estimates for Advance Auto Parts indicate a decrease of 2.98% in the Zacks Consensus EPS estimate over the last 30 days [2]. - The company currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook from analysts [2]. Valuation Metrics - Advance Auto Parts has a Forward P/E ratio of 16.46, which is lower than the industry average of 24.56, indicating it is trading at a discount [3]. - The company has a PEG ratio of 1.18, compared to the industry average PEG ratio of 1.49, suggesting a more favorable valuation relative to expected earnings growth [3]. Industry Context - The Automotive - Retail and Wholesale - Parts industry is ranked 185 in the Zacks Industry Rank, placing it within the bottom 27% of over 250 industries [3]. - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape within the sector [4].

RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its fourth quarter and full year 2023 results before the market opens on Wednesday, February 28, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, February 28, 2024. The webcast will be accessible via the company’s Investor ...

Customers who visit their local Advance Auto Parts store on National Battery Day, Sunday, February 18, may be randomly selected to receive a free DieHard auto battery. (Photo: Business Wire)Customers who visit their local Advance Auto Parts store on National Battery Day, Sunday, February 18, may be randomly selected to receive a free DieHard auto battery. (Photo: Business Wire)RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, is jump-starting mo ...

Advance Auto Parts (AAP) closed the latest trading day at $66.37, indicating a +1.9% change from the previous session's end. This change outpaced the S&P 500's 0.23% gain on the day. On the other hand, the Dow registered a gain of 0.37%, and the technology-centric Nasdaq increased by 0.07%.Coming into today, shares of the auto parts retailer had gained 5.2% in the past month. In that same time, the Retail-Wholesale sector gained 6.9%, while the S&P 500 gained 5.3%.The upcoming earnings release of Advance Au ...

RALEIGH, N.C.--(BUSINESS WIRE)--Nonprofit organizations providing employment support for women veterans, custom designed homes for injured veterans and frontline support for veterans at risk for suicide are among the recent recipients of gifts announced by the Advance Auto Parts Foundation (AAPF). Totaling $1.75 million, the gifts were made possible by donations to the foundation by more than 100 Advance Auto Parts supplier partners. This is the second year AAPF has made gifts to Hire Heroes USA of Alphare ...

The most recent trading session ended with Advance Auto Parts (AAP) standing at $67.25, reflecting a +0.43% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.The auto parts retailer's shares have seen an increase of 9.72% over the last month, surpassing the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%. ...

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List due to significant downward revisions in earnings estimates for the current year [1] Company Summaries - Advance Auto Parts, Inc. (AAP) has experienced a 21.3% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Algoma Steel Group Inc. (ASTL) has seen a 6.3% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Banner Corporation (BANR) has had a 5.4% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1]

In the latest market close, Advance Auto Parts (AAP) reached $61.30, with a -1.81% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.Coming into today, shares of the auto parts retailer had lost 2.41% in the past month. In that same time, the Retail-Wholesale sector gained 4.89%, while the S&P 500 gained 3.52%.Investors will be eagerly watching ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q ________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 7, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. Commission file number 001-16797 __________________ ...

Advance Auto Parts, Inc. (NYSE:AAP) Q3 2023 Earnings Conference Call November 15, 2023 8:00 AM ET Company Participants Elisabeth Eisleben - Senior Vice President, Communications and Investor Relations Shane O'Kelly - President and Chief Executive Officer Tony Iskander - Interim Chief Financial Officer Conference Call Participants Michael Lasser - UBS Christian Carlino - JPMorgan Elizabeth Suzuki - Bank of America Merrill Lynch Steven Zaccone - Citigroup Bret Jordan - Jefferies Scot Ciccarelli - Truist Secur ...