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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. Read More The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
Raleigh, North Carolina
52 Week High
52 Week Low
Advance Auto Parts Stock Busted Out as Earnings Beat Estimates
Text size Advance Auto Parts stock bucked the market’s downward trend on Wednesday thanks to its upbeat first-quarter earnings report. The Back Story. Advance Auto (ticker: AAP) is up 5.6% year to date, lagging behind the broader market—the S&P 500 is up 13.9%—although roughly in line with O’Reilly Automotive ’s (ORLY) gain of just over 7%. AutoZone (AZO) is up more than 24% this year, although it had turnaround momentum the others lacked. Looking at the past 12 months, a brighter story emerges. Advance ...
Yahoo FinanceMay 22
Advance Auto Parts Q1 Earnings Beat Estimates, Up Y/Y
Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.46 per share in first-quarter 2019 (ended Apr 20, 2019), up 17.1% from that of the prior-year quarter. The figure surpassed the Zacks Consensus Estimate of $2.36. Adjusted operating income increased 8.7% year over year to $243.6 million. Advance Auto Parts reported net revenues of $3 billion, almost in line with the Zacks Consensus Estimate of $2.9 billion. Revenues were 2.7% higher than the year-ago quarter. During the quarter under review, c...
Seeking AlphaMay 22
Advance Auto Parts higher on earnings beat, reaffirms FY2019 guidance
Advance Auto Parts (NYSE:AAP) reports comparable-store sales rose 2.7% in Q1. Adjusted gross margin rate increased 37 bps to 44.6%, primarily driven by favorable product margin and improved inventory management. Adjusted SG&A expense rate leveraged 8 bps to 36.4%. Adjusted operating margin rate improved 46 bps to 8.3%. Store count -98 Y/Y to 5,077. Operating cash flow grew 32.8% to $204.5M and free cash flow +19.9% to $143.2M. The Company repurchased 0.8M shares for $127.2M during the quarter. FY2019...
$2.36 per share
$2.46 per share