AAP Stock Recent News

Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock?

Advance Auto Parts is an incredible turnaround opportunity with a new leadership team and key upcoming catalysts like the sale of Worldpac. The company aims to unify its supply chain network to drive efficiency and cost savings, positioning itself for long-term success. AAP benefits from cyclical tailwinds in the aftermarket auto parts industry and aims to restore margin structure for significant growth potential.

Investors need to pay close attention to Advance Auto Parts (AAP) stock based on the movements in the options market lately.

PayPal's free cash flow is down over the last five years, and that's a problem that a new business venture might solve. Advance Auto Parts made a mistake in 2013.

Management at Advance Auto Parts Inc. NYSE: AAP is looking to reinvent itself this year, or at least that's what the first quarter 2024 earnings results suggest. The company aims to compete with the likes of O'Reilly Automotive Inc. NASDAQ: ORLY and even AutoZone Inc. NYSE: AZO.

RALEIGH, N.C.--(BUSINESS WIRE)---- $AAP #AAP--In the first table, labeled "Full Year 2024 Guidance," the figure under the "High" column for "Net Sales" should read 11,400 (instead of 11,500). Additionally, footnote one in the Adjusted Debt to Adjusted EBITDAR has been updated to add clarification. The updated release reads: ADVANCE AUTO PARTS REPORTS FIRST QUARTER 2024 RESULTS Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional.

Advance Auto (AAP) reports lower-than-expected first-quarter results and expects 2024 net sales in the band of $11.30-$11.50 billion, up from the prior estimate of $11.30-$11.40 billion.

Advance Auto Parts, Inc. (NYSE:AAP ) Q1 2024 Earnings Call Transcript May 29, 2024 8:00 AM ET Company Participants Elisabeth Eisleben - SVP, Communications and IR Shane O'Kelly - President and CEO Ryan Grimsland - EVP and CFO Tony Iskander - Treasurer Conference Call Participants Bret Jordan - Jefferies Michael Lasser - UBS Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Christian Carlino - JPMorgan Zach Fadem - Wells Fargo Aaron Reed - Northcoast Research Rene Marin - Guggenheim Partners Max Rakhlenko - TD Securities Chris Bottiglieri - BNP Paribas Seth Sigman - Barclays Operator Welcome to the Advance Auto Parts First Quarter 2024 conference call. Before we begin, Elisabeth Eisleben, Senior Vice President, Communications and Investor Relations will make a brief statement concerning forward-looking statements that will be discussed on this call.

The headline numbers for Advance Auto Parts (AAP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

‘We saw negative impact from weather, coupled with a challenged consumer,” Chief Executive Shane O'Kelly said on the company's earnings call.