This $2.4 Billion Company Is About to Get a $1.2 Billion Payday. Here's Why I Couldn't Be More Optimistic
Advance Auto Parts(AAP) The Motley Fool·2024-10-19 16:02
A turnaround plan is in place and now it has more money to make the plan a reality.Autozone and O'Reilly are the two giants in the car-parts retail space. These two companies have market capitalizations of $53 billion and $71 billion, respectively. By comparison, Advance Auto Parts (AAP 1.12%) is tiny with its market cap of just $2.4 billion. But this value disparity is somewhat surprising.Advance has almost 4,800 locations, while Autozone has nearly 7,400 and O'Reilly has around 6,200. So the latter two ar ...