Advance Auto Parts Soars Above the Market on Strong Trading Day
January 30, 2023
Trending News ☀️
On a strong trading day, Advance Auto Parts ($NYSE:AAP) (AAP) rose significantly, outperforming the broader market. Throughout its history, the company has demonstrated its commitment to providing customers with high quality parts and services. In addition to its retail stores, Advance Auto Parts also operates an online store, offering customers a convenient way to purchase the parts they need. This network provides businesses with the parts they need to maintain their fleets and keep them running smoothly. The company also offers a range of services to help businesses manage their automotive parts needs more effectively.
This has allowed the company to invest in growth opportunities and increase its presence in the automotive parts market. As a result, the company has seen its share price rise significantly over the past year. With a broad product offering and a commitment to customer service, the company looks well-positioned for continued success in the automotive parts market.
Share Price
News sentiment has been mostly positive, and Monday saw the stock open at $148.3 and close at $148.6, representing a 0.8% increase from last closing price of 147.5. This is a significant jump for the company and one that is indicative of their potential for growth. The company is continuing to expand and capitalize on the current market trends, and it is clear that investors have responded positively. This is likely due to the company’s strong focus on providing quality parts and services, as well as their attention to customer service. They are also making strides in developing new products and services to better meet the demands of their customers.
This strong performance has been driven largely by positive news and investor sentiment, with analysts expecting further growth in the near future. The company’s strong focus on providing quality service and products, combined with positive news and investor sentiment, has helped to drive their share price up. As they continue to expand, it will be interesting to see how the stock performs in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AAP. More…
| Total Revenues | Net Income | Net Margin |
| 11.08k | 476.85 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AAP. More…
| Operations | Investing | Financing |
| 670.42 | -430.25 | -641.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AAP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.13k | 9.42k | 45.5 |
Key Ratios Snapshot
Some of the financial key ratios for AAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | 3.0% | 6.0% |
| FCF Margin | ROE | ROA |
| 2.1% | 15.1% | 3.4% |
VI Analysis
ADVANCE AUTO PARTS is a company that makes a great choice for investors looking for a reliable source of income. The company has a high health score of 8/10 according to the VI Star Chart, which suggests that the company’s cashflows and debt are strong enough to sustain future operations in times of crisis. The company is considered to be a ‘cow’ – a type of company that has the track record of paying out consistent and sustainable dividends. ADVANCE AUTO PARTS is strong in dividend, profitability, and medium in asset, while being weak in growth. Investors looking for steady income may be interested in a company like ADVANCE AUTO PARTS. They can be sure that the company has the fundamentals to sustain its operations in times of crisis and provide consistent returns in the form of dividends. Furthermore, the company’s fundamentals also suggest that it has a good chance of increasing its profitability and assets over time. This makes it a great option for investors looking for long-term returns. More…
VI Peers
Advance Auto Parts Inc is an American automotive aftermarket parts retailer. Headquartered in Roanoke, Virginia, Advance Auto Parts has over 5,200 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates under the Advance Auto Parts, Advance Discount Auto Parts, and Auto World names. Genuine Parts Co is an American service organization engaged in the distribution of automotive and industrial replacement parts and products, operating under the NAPA Auto Parts, NAPA Home & Business Solutions, and Worldpac brands. CarParts.com Inc is an American online retailer of aftermarket car parts and accessories, headquartered in Carson, California. O’Reilly Automotive Inc is an American retailer specializing in the sale of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States.
– Genuine Parts Co ($NYSE:GPC)
Genuine Parts Co is a distributor of automotive and industrial replacement parts in the U.S., Canada, Mexico, Australasia, and Africa. It operates through the following segments: Automotive, Industrial, Electrical, and Office Products Group. The Automotive segment offers original equipment and aftermarket products for light and heavy duty vehicles. The Industrial segment supplies replacement parts for various industries, including material handling, transportation, construction, food and beverage, and others. The Electrical segment provides replacement parts for the electrical distribution industry. The Office Products Group segment comprises of office products and office furniture. Genuine Parts was founded by Erskine Henderson on May 13, 1928 and is headquartered in Atlanta, GA.
– CarParts.com Inc ($NASDAQ:PRTS)
CarParts.com Inc has a market cap of 301.17M as of 2022, a Return on Equity of 1.06%. The company is an online retailer of automotive parts and accessories. CarParts.com offers a wide range of parts for all makes and models of vehicles.
– O’Reilly Automotive Inc ($NASDAQ:ORLY)
O’Reilly Automotive Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. As of 2022, it had a market cap of 51.63B and a ROE of -159.26%. The company operates through four segments: Retail Stores, Wholesale Parts, Professional Customer and eCommerce. It offers products under the following brands: O’Reilly Auto Parts, AutoZone, Advance Auto Parts, NAPA Auto Parts and Carquest Auto Parts.
Summary
Advance Auto Parts has been a strong performer in the stock market, showing significant gains compared to other stocks. The company’s share prices have increased significantly since the start of trading, with investors showing optimism in the company’s prospects. Analysts believe that the company’s strong balance sheet, steady revenue growth, and expanding customer base are contributing to its strong performance.
Investors should also be aware of the company’s strategic investments in customer experience and its commitment to environmental sustainability, which could further boost its long-term prospects. Overall, Advance Auto Parts is an attractive option for investors looking for a reliable and growing stock.
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