Versor Investments LP Reduces its Stake in Advance Auto Parts, by 41.8% in Q1

August 8, 2023

Categories: Specialty RetailTags: , , Views: 26

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Advance Auto Parts ($NYSE:AAP), Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. This is a significant decrease in the ownership of the company, which could be attributed to a variety of factors. It is unclear what led to this decision or what this could mean for the future of the company.

However, investors should keep a close eye on the stock as it may be affected by the news of this decrease in ownership. It will be interesting to see how this decision affects the stock price of Advance Auto Parts, Inc., as well as if any other investors choose to make similar moves in the near future. Regardless of what happens next, this news serves as a reminder of the importance of staying up to date on the latest developments in the stock market.

Analysis

At GoodWhale, we conducted an analysis of ADVANCE AUTO PARTS’s fundamentals to gain a better understanding of the company’s current performance. According to our Star Chart, ADVANCE AUTO PARTS has a high health score of 8/10 considering its cashflows and debt. This indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy. Additionally, we classified ADVANCE AUTO PARTS as a ‘cow’, a type of company with the track record of paying out consistent and sustainable dividends. For investors, this makes ADVANCE AUTO PARTS particularly attractive as it is strong in dividend, profitability, and medium in asset. Furthermore, its weak growth indicates the potential for future growth and further investment opportunities. Therefore, this company presents a great opportunity for long-term investors looking for consistent and sustainable returns. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for AAP. More…

    Total Revenues Net Income Net Margin
    11.2k 404.73 3.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for AAP. More…

    Operations Investing Financing
    398.3 -400.09 78.69
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
    12.18k 9.55k 45.06
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for AAP are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    5.2% -2.1% 5.3%
    FCF Margin ROE ROA
    -0.0% 13.8% 3.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • 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, Inc. has seen a decrease in Versor Investments LP’s stake in the company. This news may indicate an overall decreased confidence in the company from big investors. To assess the potential of investing in Advance Auto Parts, Inc., investors must look at company fundamentals such as financial performance, competitive landscape, and long-term growth prospects.

    Additionally, analysts may look at the company’s stock performance over the past years to determine any patterns or trends. They may also consider the company’s debt, market value, and dividend yield. By conducting a thorough analysis of Advance Auto Parts, Inc., investors can make informed decisions when it comes to investing in the company.

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