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The car-parts retailer issues a mixed quarterly report and cuts its full-year earnings outlook.
Advance Auto Parts Inc.'s stock AAP, +1.83% jumped 6% early Thursday, after the car parts maker said it has reached an agreement to sell Worldpac Inc., a car part wholesale distribution business, to funds managed by private-equity firm Carlyle Group Inc. CG, -0.72% for $1.5 billion in cash. “The sale enables our team to sharpen their focus on decisive actions to turn around the Advance blended box business,” said CEO Shane O'Kelly in prepared remarks.
Private equity firm Carlyle Group will buy Advance Auto Parts' Worldpac unit for $1.5 billion, Bloomberg News reported on Thursday.
Advance Auto Parts, Inc. AAP is set to release earnings results for its second quarter, before the opening bell on Thursday, Aug. 22.
Get a deeper insight into the potential performance of Advance Auto Parts (AAP) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
As retailers prepare to report earnings, investors should gear up for a mixed bag, particularly for Advance Auto Parts Inc AAP and BJ's Wholesale Club Holdings Inc BJ.
Advance Auto Parts (AAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The auto-parts market could see more strong demand due to aging vehicles and economic pressures slowing the purchase of new vehicles. Advance Auto Parts has nearly twice as many distribution centers as it needs, dropping its profit margins to industry-lagging levels.
RALEIGH, N.C.--(BUSINESS WIRE)-- #AAP--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report its second quarter 2024 results before the market opens on Thursday, August 22, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Thursday, August 22, 2024. The webcast will be accessible via the company's Investor Relat.
OKLAHOMA CITY, July 12, 2024 (GLOBE NEWSWIRE) -- Murphy Law Firm is investigating claims on behalf of all individuals whose personal and confidential information was compromised in the data breach involving Advance Auto Parts. On May 23, 2024, Advance Auto Parts detected suspicious activity on its computer network, indicating a data breach.