For its first fiscal quarter (ending March 31), Advance Auto Parts Inc. (NYSE: AAP) has reported E.P.S. of $0.67 compared to $0.81 a year ago. E.P.S. were $0.45 for the latest four quarters through March 31 versus $6.23 for the same period a year ago.
Recent Price Action
On 5/29/24, Advance Auto Parts Inc. (NYSE: AAP) stock suffered a major decline of -11.0%, closing at $62.48. Moreover, trading volume in this decline was exceptionally high at 496% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AAP is expected to continue to be a Value Builder.
Advance Auto Parts has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Advance Auto Parts has a slightly positive Appreciation Score of 60 and a very high Power Rating of 87, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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