Latest news with #AdvanceAutoParts
Business Insider
3 days ago
- Automotive
- Business Insider
Evercore ISI Sticks to Its Hold Rating for Advance Auto Parts (AAP)
Evercore ISI analyst Greg Melich maintained a Hold rating on Advance Auto Parts (AAP – Research Report) yesterday and set a price target of $50.00. The company's shares closed yesterday at $48.23. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Melich is a 5-star analyst with an average return of 11.0% and a 65.28% success rate. Melich covers the Consumer Cyclical sector, focusing on stocks such as Costco, Genuine Parts Company, and Home Depot. Advance Auto Parts has an analyst consensus of Hold, with a price target consensus of $47.00, representing a -2.55% downside. In a report released on June 3, Citi also maintained a Hold rating on the stock with a $49.00 price target. The company has a one-year high of $67.03 and a one-year low of $28.89. Currently, Advance Auto Parts has an average volume of 2.92M. Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAP in relation to earlier this year. Most recently, in March 2025, Ryan P Grimsland, the EVP & CFO of AAP bought 200.00 shares for a total of $8,140.00.
Yahoo
13-06-2025
- Automotive
- Yahoo
Auto Parts Retailer Stocks Q1 In Review: Monro (NASDAQ:MNRO) Vs Peers
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at auto parts retailer stocks, starting with Monro (NASDAQ:MNRO). Cars are complex machines that need maintenance and occasional repairs, and auto parts retailers cater to the professional mechanic as well as the do-it-yourself (DIY) fixer. Work on cars may entail replacing fluids, parts, or accessories, and these stores have the parts and accessories or these jobs. While e-commerce competition presents a risk, these stores have a leg up due to the combination of broad and deep selection as well as expertise provided by sales associates. Another change on the horizon could be the increasing penetration of electric vehicles. The 5 auto parts retailer stocks we track reported a mixed Q1. As a group, revenues beat analysts' consensus estimates by 1%. Luckily, auto parts retailer stocks have performed well with share prices up 18.2% on average since the latest earnings results. Started as a single location in Rochester, New York, Monro (NASDAQ:MNRO) provides common auto services such as brake repairs, tire replacements, and oil changes. Monro reported revenues of $295 million, down 4.9% year on year. This print exceeded analysts' expectations by 1.3%. Despite the top-line beat, it was still a softer quarter for the company with a significant miss of analysts' EBITDA and gross margin estimates. The stock is up 24.2% since reporting and currently trades at $15.85. Read our full report on Monro here, it's free. Founded in Virginia in 1932, Advance Auto Parts (NYSE:AAP) is an auto parts and accessories retailer that sells everything from carburetors to motor oil to car floor mats. Advance Auto Parts reported revenues of $2.58 billion, down 6.8% year on year, outperforming analysts' expectations by 3.1%. The business had a strong quarter with a solid beat of analysts' EPS estimates and full-year EPS guidance exceeding analysts' expectations. Advance Auto Parts scored the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 64.7% since reporting. It currently trades at $51.51. Is now the time to buy Advance Auto Parts? Access our full analysis of the earnings results here, it's free. Aiming to be a one-stop shop for the DIY customer, AutoZone (NYSE:AZO) is an auto parts and accessories retailer that sells everything from car batteries to windshield wiper fluid to brake pads. AutoZone reported revenues of $4.46 billion, up 5.4% year on year, exceeding analysts' expectations by 1.1%. Still, it was a slower quarter as it posted a miss of analysts' EBITDA estimates and a slight miss of analysts' gross margin estimates. As expected, the stock is down 4.5% since the results and currently trades at $3,659. Read our full analysis of AutoZone's results here. Largely targeting the professional customer, Genuine Parts (NYSE:GPC) sells auto and industrial parts such as batteries, belts, bearings, and machine fluids. Genuine Parts reported revenues of $5.87 billion, up 1.4% year on year. This number beat analysts' expectations by 0.5%. Overall, it was a strong quarter as it also produced a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' gross margin estimates. The stock is up 8.8% since reporting and currently trades at $121.66. Read our full, actionable report on Genuine Parts here, it's free. Serving both the DIY customer and professional mechanic, O'Reilly Automotive (NASDAQ:ORLY) is an auto parts and accessories retailer that sells everything from fuel pumps to car air fresheners to mufflers. O'Reilly reported revenues of $4.14 billion, up 4% year on year. This print missed analysts' expectations by 0.9%. Zooming out, it was a mixed quarter as it also logged full-year EPS guidance exceeding analysts' expectations but a miss of analysts' EBITDA estimates. O'Reilly had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 2% since reporting and currently trades at $89.81. Read our full, actionable report on O'Reilly here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Automotive
- Yahoo
America's Car-Mart Earnings: What To Look For From CRMT
Used-car retailer America's Car-Mart (NASDAQ:CRMT) will be reporting earnings tomorrow morning. Here's what to expect. America's Car-Mart beat analysts' revenue expectations by 15.2% last quarter, reporting revenues of $325.7 million, up 8.7% year on year. It was an incredible quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' gross margin estimates. Is America's Car-Mart a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting America's Car-Mart's revenue to decline 5.5% year on year to $343.5 million, in line with the 5.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.76 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. America's Car-Mart has missed Wall Street's revenue estimates twice over the last two years. Looking at America's Car-Mart's peers in the automotive and marine retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Camping World delivered year-on-year revenue growth of 3.6%, missing analysts' expectations by 1%, and Advance Auto Parts reported a revenue decline of 6.8%, topping estimates by 3.1%. Camping World traded down 14.5% following the results while Advance Auto Parts was up 55.6%. Read our full analysis of Camping World's results here and Advance Auto Parts's results here. There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 4.8% on average over the last month. America's Car-Mart is up 5.8% during the same time and is heading into earnings with an average analyst price target of $52 (compared to the current share price of $55.79). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
09-06-2025
- Automotive
- Yahoo
Advance Auto Parts, Inc. (AAP): A Bull Case Theory
We came across a bullish thesis on Advance Auto Parts, Inc. (AAP) on Deep Value Capital's Substack. In this article, we will summarize the bulls' thesis on AAP. Advance Auto Parts, Inc. (AAP)'s share was trading at $51.68 as of 4th June. AAP's trailing and forward P/E were 174.7 and 36.50 respectively according to Yahoo Finance. An engineer at a workbench surrounded by automotive parts, tools, and microchips. Advance Auto Parts (AAP), one of North America's largest aftermarket auto parts retailers, is undergoing a dramatic turnaround under the leadership of new CEO Shane O'Kelly, who took the helm in September 2023. The company operates 4,285 stores and supplies 881 Carquest locations, primarily across the Eastern U.S., as well as in Canada, Puerto Rico, and other territories. AAP serves both professional installers and DIY customers, with an even revenue split between the two. However, the company has increasingly leaned into the higher-margin professional segment, which is expected to improve profitability over time. Despite a challenging past, O'Kelly's arrival has sparked renewed optimism. His early actions have de-risked the business, set a clear path for margin expansion, and positioned AAP to return to growth. The turnaround is not just about stabilization but about building long-term operational and financial momentum. With a broad product portfolio including parts, tools, fluids, and accessories, AAP remains deeply entrenched in the aftermarket ecosystem. The strategic shift under O'Kelly has already started to gain traction, and if execution continues on its current track, there is a compelling case for meaningful upside. The thesis suggests a 176% share price appreciation—or a 48.4% compound annual growth rate—by 2027. This potential return is anchored in both operational improvements and a valuation rerating as the market recognizes the turnaround's durability. With risk now better managed and growth initiatives underway, AAP presents an attractive opportunity for investors betting on a high-quality transformation story with substantial upside. We previously covered another (AAP) by Stock Analysis Compilation, which emphasized the company's discounted valuation and leadership overhaul as key drivers of a long-term turnaround. Which is reflected by a 23% appreciation in stock price since then. Deep Value Capital shares this optimism but focuses more on the company's shift toward higher-margin professional customers and quantifies the upside, projecting a 176% return by 2027 if execution stays on track. Advance Auto Parts, Inc. (AAP) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held AAP at the end of the first quarter which was 43 in the previous quarter. While we acknowledge the risk and potential of AAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
09-06-2025
- Automotive
- Miami Herald
Major auto parts company considers filing Chapter 11 bankruptcy
Auto parts aftermarket companies have battled in recent years to avoid economic disaster as they navigate rising inflation, increased interest rates, and consumers who are cautious with discretionary spending. Auto parts stores and suppliers have sought out-of-court restructurings, and sometimes bankruptcy filings, with both situations often leading to store closings. Don't miss the move: Subscribe to TheStreet's free daily newsletter One of the most popular auto parts chains on the market is struggling auto parts retailer Advance Auto Parts, which operated nearly 5,000 retail stores. Related: Popular trucking auto parts chain closing, no bankruptcy yet The auto parts chain accelerated its strategic turnaround plan to close 727 corporate-owned and independent locations, as well as four West Coast distribution centers, by the end of March. Advance Auto Parts operates 19 market hub stores and plans to open 10 more in 2025. The company plans to accelerate market hub store openings in 2026 and target a total of 60 locations by mid-2027. The auto parts retailer completed the sale of auto parts wholesaler and distributor Worldpac for $1.5 billion on Nov. 1, 2024. The retail chain, however, did not file for bankruptcy and continues to operate. Several auto parts companies, however, filed for bankruptcy last year. Wheel Pros, which operates as auto parts distributor and retailer Hoonigan, filed for a prepackaged Chapter 11 bankruptcy on Sept. 9, 2024, to hand 85% of its new equity interests to holders of first-lien claims and the remaining 15% to new first-lien lenders who will backstop the debtor's exit term loan. The debtor's restructuring plan would eliminate $1.2 billion in debt and provide about $570 million in new capital through an exit facility. Accuride Corp., another top manufacturer of wheels and wheel end products for commercial trucks and trailers filed for Chapter 11 bankruptcy protection on Oct. 9, 2024, seeking a consensual restructuring of its debt to continue operating as a going concern. Finally, global auto parts supplier Marelli Holdings, which is owned by KKR, is contemplating filing for Chapter 11 bankruptcy in the U.S., unnamed sources told Kyodo news agency, according to Reuters. Related: Classic auto parts company files for Chapter 11 bankruptcy Marelli, a key supplier to Nissan Motor and various auto parts aftermarket retailers, is considering filing for bankruptcy protection to continue operating its business in case its restructuring negotiations with its creditors collapse. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy Marelli is seeking to secure new financing and plans to operate as usual while discussions continue. The auto supplier, which formed in 2019 with the merger of Calsonic Kansei and Magneti Marelli, provides auto parts for vehicle interiors, lighting, electronics, propulsion, exhaust, chassis, and thermal systems. KKR purchased Calsonic Kansei in 2017 and Magneti Marelli in 2019, and merged them to create Marelli Holdings in 2019. Marelli has faced financial distress over the last three years as it in 2022 filed for an out-of-court turnaround alternative dispute resolution in Japan, which is overseen by the Japanese Association of Turnaround Professionals, according to LegalOne Global Limited. The auto parts company, whose headquarters are located in Saitama, Japan, with North American headquarters in Southfield, Mich., at the time of its Turnaround ADR application, owed $9.5 billion in debts. Marelli was not able to obtain the required unanimous support from all of its creditors to proceed with its turnaround plan. The case was transferred to civil rehabilitation proceedings in the Tokyo District Court, where the company sought a process under simplified proceedings available under the Civil Rehabilitation Act. The case, which reportedly was the first one transferred to the simplified civil rehabilitation proceedings, closed successfully, LegalOne Global reported. Related: Another huge auto parts brand files for Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
