Advance Auto Parts Inc.

Advance Auto Parts is an automotive aftermarket parts provider in North America, serving both professional installers and do-it-yourself customers as well as independently owned operators. The company's stores and branches provide a selection of brand name, original equipment manufacturer and private label automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The company operates stores and distribution branches within the U.S., with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands under the trade names Advance Auto Parts, Carquest, Autopart International, and Worldpac.
  • TickerAAP
  • ISINUS00751Y1064
  • ExchangeNew York Stock Exchange
  • SectorGeneral Retailers
  • CountryUnited States
Valens Research

Valens Equity Insights and Inflections - 2020 07 07

K is currently trading near recent averages relative to Uniform earnings, with a 25.0x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to expand from 14% in 2019 to a historical high of 25% in 2024, accompanied by 4% Uniform asset shrinkage going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to improve to 17% by 2021, accompanied by 5% Uniform asset shrinkage. However, management appears concerned about their targeted brand investments, warehouse logistics, and their cereal products. Current valuations appear to be...

Valens Research

AAP - Embedded Expectations Analysis - 2020 06 30

Advance Auto Parts, Inc. (AAP:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 25.8x Uniform P/E. At these levels, the market has expectations for profitability to remain flat, and management may be concerned about their WMS implementation, e-commerce sales, and retail traffic reductions Specifically, management may lack confidence in their ability to implement their warehouse management system (WMS) in other distribution centers and sustain the significant uptick in e-commerce sales. In addition, they may have concerns about professional car c...

Nathan Friedman ...
  • Seth Basham

Auto Parts: Riding High for Now, but Effects of Less Riding Still to Come

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

One step forward, one step back As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical value areas of the market have staying power. Considering the lack of breakouts or breakdowns in key cyclical areas of the market, our neutral outlook remains intact. • S&P 500, Dow, and S&P Small Cap 600 levels. We see short-term support for each of these indexes at their respective 50-day moving averages (prior resistance from August, turned support)... see charts below. • Sector Relative Strength Rankings & Weighti...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Advance Auto Parts Inc: 1 director bought

A director at Advance Auto Parts Inc bought 7,285 shares at 136.130USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Valens Research

Valens Equity Insights and Inflections - 2020 07 07

K is currently trading near recent averages relative to Uniform earnings, with a 25.0x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to expand from 14% in 2019 to a historical high of 25% in 2024, accompanied by 4% Uniform asset shrinkage going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to improve to 17% by 2021, accompanied by 5% Uniform asset shrinkage. However, management appears concerned about their targeted brand investments, warehouse logistics, and their cereal products. Current valuations appear to be...

Valens Research

AAP - Embedded Expectations Analysis - 2020 06 30

Advance Auto Parts, Inc. (AAP:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 25.8x Uniform P/E. At these levels, the market has expectations for profitability to remain flat, and management may be concerned about their WMS implementation, e-commerce sales, and retail traffic reductions Specifically, management may lack confidence in their ability to implement their warehouse management system (WMS) in other distribution centers and sustain the significant uptick in e-commerce sales. In addition, they may have concerns about professional car c...

Nathan Friedman ...
  • Seth Basham

Auto Parts: Riding High for Now, but Effects of Less Riding Still to Come

Advance Auto Parts, Inc. - April 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Advance Auto Parts, Inc.: Update to credit analysis

Our credit view of Advance highlighting the progress being made in its transition plan, its competitive position relative to AutoZone and O'Reilly and its conservative financial strategy.

Moody's announces completion of a periodic review of ratings of Advance Auto Parts, Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Advance Auto Parts, Inc.. Global Credit Research- 22 Apr 2020. New York, April 22, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Advance Auto Parts, Inc. and other ratings that are associated with the same analytical unit.

Advance Auto Parts, Inc. - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Advance Auto Parts, Inc. - October 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

With a more favourable environment, ADV.AUTO PARTS INCO. improves to Slightly Positive

ADV.AUTO PARTS INCO. (US), a company active in the Specialty Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 5, 2020, the closing price was USD 121.19 and its potential was estimated at USD 144.02.

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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