Beyond analysts' top -and-bottom-line estimates for Advance Auto Parts (AAP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Most investors fall into what's called “Indicator purgatory,” where they rely heavily on indicators and chart patterns to tell them where to start buying and selling in the market. However, there comes a point in the economic cycle, such as today, when those strategies become too crowded, and most participants collectively look at the same set of indicators all at once.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Automotive parts retailer Advance Auto Parts is hoping that less is more as it moves forward with plans to shutter over 200 locations as it begins to downsize its nationwide store footprint.
Now that Goldman Sachs has warned investors about potential tail risks in the broader S&P 500 index, it would be good for investors to start looking for opportunities that offer fewer downside risks in 2025 but still carry double-digit upside. Today, investors can identify one clear theme through an in-depth analysis of the retail sector and, more importantly, trends in retail sales data numbers.
AAP faces headwinds from planned store closures, weakness in the DIY segment and high capital requirements.
AAP, AIN and CDW have been added to the Zacks Rank #5 (Strong Sell) List on November 20, 2024.
Advance Auto Parts has lagged behind its winning peers for years.
Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost its operational productivity.
Advance Auto Parts, a leading automotive aftermarket-parts provider in North America that serves both professional installers and do-it-yourself customers, said it will close more than 700 of its 5,000 stores in a “strategic plan to improve business performance.” Of those closing, it said 523 will be corporate stores, 204 will be independent locations, and four will be distribution centers.
Advance Auto Parts, Inc. (NYSE:AAP ) Q3 2024 Earnings Call Transcript November 14, 2024 8:00 AM ET Company Participants Lavesh Hemnani - VP of IR Shane O'Kelly - President and CEO Ryan Grimsland - EVP and CFO Conference Call Participants Michael Lasser - UBS Chris Horvers - JPMorgan Scot Ciccarelli - Truist Seth Basham - Wedbush Steven Zaccone - Citigroup Seth Sigman - Barclays Zach Fadem - Wells Fargo Operator Hello, everyone, and welcome to the Q3 2024 Advance Auto Parts Earnings Conference Call. My name is Charlie, and I'll be coordinating the call today.
The action in Advance Auto Parts, Inc. AAP has some investors and traders confused. The company released its earnings report Thursday and it was well short of estimates.